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California Workers’ Comp Bureau Submits Lower 2020 Pure Premium Rate Filing
The Workers’ Compensation Insurance Rating Bureau of California on Tuesday submitted its Jan. 1, 2020, pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are an average of 5.4% less than the current …

POSTED AUGUST 20, 2019 11:44 PM
JLT’s Adams Joins Everest Insurance to Lead Its Bermuda Operation
Everest Insurance said Kyle Adams has joined to lead the its Bermuda operations. In this role, Adams will focus on establishing and growing Everest’s Bermuda Insurance operations. Adams comes to Everest with 20 years of experience, including a decade operating …

POSTED AUGUST 20, 2019 3:47 PM
Parade of Probes Underway to Pin Blame for Britain’s Blackout
The lightning strike that triggered Britain’s biggest blackout in more than a decade has also spawned a flurry of investigations by groups ranging from the government to railway operators. National Grid Plc’s preliminary report published by the regulator Ofgem on …

POSTED AUGUST 20, 2019 3:31 PM
U.K.’s RSA Group Makes Market Move Despite Its Safety from No-Deal Brexit
RSA Insurance Group Plc is issuing sterling debt well ahead of an October 31 Brexit deadline, even though the U.K. insurer will likely fare better in a disorderly exit than many of its less-diversified peers. The company has reopened the …

POSTED AUGUST 20, 2019 3:22 PM
Parish in Louisiana Getting $5.3M to Elevate 88 Homes
Louisiana U.S. Rep. Garret Graves says Livingston Parish will receive a $5.3 million federal grant to fund the elevation of 88 homes that were substantially damaged during the 2016 flood. Graves says the money is part of the $300 million …

POSTED AUGUST 20, 2019 3:21 PM
Lawsuit Alleges Louisiana Restaurant Pressured Servers to Perform Unpaid Work
Three former table servers are suing owners and managers of an iconic Louisiana restaurant, claiming managers pressured them to work for no pay. The Advocate reported the lawsuit against The Chimes was filed last week in federal court in Baton …

POSTED AUGUST 20, 2019 3:19 PM
Illinois Sues Company over Lead Found in Drinking Water
Illinois alleges that a company that provides water to a Chicago suburb made changes without permission from state regulators that caused lead to contaminate the village’s drinking water. Attorney General Kwame Raoul filed a lawsuit against Aqua Illinois, the company …

POSTED AUGUST 20, 2019 3:17 PM
German Firm Quits Safety Inspection Business Following Brazilian Dam Collapse
Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief executive told Reuters. The collapse of the …

POSTED AUGUST 20, 2019 3:12 PM
Cigna Eyes Sale of Group Life, Disability Business to Concentrate on Health: Reuters
U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability …

POSTED AUGUST 20, 2019 3:02 PM
PG&E Will Face Jury Over Billions in Damages from Massive California Wildfire
Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that PG&E Corp. should pay them as much as $18 billion in damages. U.S. Bankruptcy Judge Dennis Montali on Friday lifted …

POSTED AUGUST 20, 2019 2:52 PM

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