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EPIC Acquires The Capacity Group in New Jersey
EPIC Insurance Brokers & Consultants has acquired the Capacity Group of Companies in Mahwah, N.J. Terms of the deal were not disclosed. As part of EPIC, the firm will now operate as The Capacity Group – an EPIC Company, and …

POSTED MARCH 24, 2017 8:25 PM
Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC
Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by PricewaterhouseCoopers. And other industries are even more at …

POSTED MARCH 24, 2017 4:48 PM
Florida Homes Threatened by Fast-Moving Brush Fire
Florida Forest Service officials say a 400-acre brush fire has forced the evacuation of a neighborhood and threatened or burned up to 15 homes. Nassau County Emergency Management Director Billy Estop ordered residents of the neighborhood near the Georgia line …

POSTED MARCH 24, 2017 4:43 PM
Ohio’s Norman-Spencer Agency Adds Nonprofit Division
Norman-Spencer Agency Inc., based in Dayton, Ohio, has launched a new Nonprofit Division. This division offers three unique insurance programs — food distribution and thrift stores, foundations and grant making, and housing and shelters. Honoring its commitment to communities and …

POSTED MARCH 24, 2017 4:39 PM
Amended Iowa Workers’ Comp Overhaul Advanced to Senate
Republicans in the Iowa House passed a bill to overhaul how workers in the state are compensated for on-the-job injuries, though they backed off some key proposals amid internal concern over the extent of the changes. The GOP-majority chamber voted …

POSTED MARCH 24, 2017 4:17 PM
Oregon’s 1st Recreational Marijuana Recall Issued after High Pesticide Level
The Oregon Liquor Control Commission issued its first recall of recreational marijuana after samples of a type of pot were found to contain a level of pesticide residue above the state limit. The Blue Magoo marijuana was sold at Buds …

POSTED MARCH 24, 2017 3:03 PM
Writer Sues Disney in California over Animated Film ‘Zootopia’
A screenwriter and producer has sued Walt Disney Pictures on claiming the studio copied his ideas to create the Oscar-winning animated film “Zootopia.” Gary L. Goldman, whose credits include work on film adaptations of “Total Recall,” “Minority Report” and “Big …

POSTED MARCH 24, 2017 3:00 PM
$14M Suit Filed by Former Oregon Boy Scouts Claiming Sex Abuse
Two men have filed a lawsuit against the Boy Scouts of America and its local branch for $7 million each, claiming they were sexually abused by a former scout leader in Milwaukie in the 1970s. The Oregonian/OregonLive reported the lawsuit …

POSTED MARCH 24, 2017 2:57 PM
Experts Warn of ‘Significant Risk’ from California Dam
California is not just fighting nature as it attempts to repair the nation’s tallest dam, badly damaged last month by surging storm waters. It’s also racing the clock. Safety experts say there is no time for delay in a state …

POSTED MARCH 24, 2017 2:53 PM
XL Catlin and Startupbootcamp InsurTech Form Partnership
Startupbootcamp InsurTech, the business accelerator that promotes insurance technology startups and corporate innovation, has formed a partnership with XL Catlin. The announcement comes as Startupbootcamp InsurTech’s second accelerator program enters its final weeks in London, with 10 teams drawn from …

POSTED MARCH 24, 2017 2:21 PM
Trump Ends Negotiations, Demands Vote on Republican Healthcare Bill
The Trump administration doubled down on its demand that House Republican leaders hold a vote Friday on their embattled healthcare bill without any changes and with lingering uncertainty about whether they have enough support to pass the measure. “After seven …

POSTED MARCH 24, 2017 1:39 PM
Congress Nullifies Obama Workplace Injury Reporting Rule
The U.S. Senate (50-48) joined the House (231-191) in passing a resolution blocking a federal workplace injury and accident reporting rule put in place by the Obama Administration last December. The Department of Labor rule issued by the Occupational Safety …

POSTED MARCH 24, 2017 1:21 PM
Massachusetts Worker Dies After Being Electrocuted by Live Wires
Authorities in Massachusetts say a contractor painting windows at a fire station has died after he was electrocuted by live wires. Salem Police Capt. Fred Ryan says the man was using a lift bucket on Tuesday when he became entangled …

POSTED MARCH 24, 2017 1:16 PM
Delaware Officials Eye Substance Abuse Insurance Coverage
State officials are proposing revisions to Delaware’s insurance code to ensure that people struggling with opioid addiction get the treatment they need. Attorney General Matt Denn on Wednesday also called for the creation of a new oversight committee to help …

POSTED MARCH 24, 2017 1:08 PM
Anbang Insurance Reportedly in Talks to Provide Equity for Kushner Tower Project
The family-owned company that until recently was headed by U.S. President Donald Trump’s son-in-law hopes to turn an aging New York office tower into a signature development that could be worth up to $12 billion, a report said on Wednesday. …

POSTED MARCH 24, 2017 12:55 PM
How Insurance Markets Could Be Affected If GOP Reduces Essential Benefits
Rules on what benefits health insurance plans must cover have become a major negotiating point as Republicans wrangle votes to repeal Obamacare, even though removing the regulations is likely to upset U.S. insurance markets. The requirements, called Essential Health Benefits, …

POSTED MARCH 24, 2017 12:20 PM
UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports
One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers. May had delivered her vision two days earlier for pulling Britain out of the …

POSTED MARCH 24, 2017 11:42 AM
Ironshore Expands Global M&A Unit with Appointments, Capacity Hike
Ironshore has expanded its mergers & acquisitions capabilities with a team of new hires in the Americas and broadened office presence to serve Canada and Latin America. In addition, to support heightened transaction volume throughout the Americas region, Ironshore increased …

POSTED MARCH 24, 2017 11:09 AM
PwC Settles Negligence Claim Over MF Global Collapse
PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the malpractice case was …

POSTED MARCH 24, 2017 10:40 AM
Appeals Court Rules Florida Dairy OK to Label Skim Milk as ‘Skim Milk’
A small, all-natural dairy isn’t being deceptive when it calls its skim milk “skim milk,” a federal appeals court has ruled – a victory for a Florida creamery that fought the state’s demand to label the product “imitation” because vitamins …

POSTED MARCH 24, 2017 4:49 AM
Mississippi City to Close 6 Train Crossings After Deadly Collision
The city council in Biloxi, Miss., has approved a plan to close six railroad crossings in the city. Biloxi had already been planning to close a half-dozen of its 29 railroad crossings before a CSX freight train hit a tour …

POSTED MARCH 24, 2017 4:39 AM
Tennessee Lawmakers Reject Bill Shielding Drivers Who Hit Protesters
A Tennessee committee has voted down a bill to protect drivers from lawsuits if they hit protesters who are blocking traffic. On Wednesday, the House Civil Justice Subcommittee voted against the legislation by Republican Rep. Matthew Hill of Jonesborough. The …

POSTED MARCH 24, 2017 4:35 AM
Argo Pro Enhances E&O Coverage for Professional Services Firms
Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The following E&O PROtect forms are currently …

POSTED MARCH 24, 2017 4:00 AM
Data Breach May Affect More than 430K in Oklahoma
Oklahoma Office of Management and Enterprise Services says more than 430,000 people in the state may have had their personal information compromised by a data breach. The agency said that the Oklahoma Employment Security Commission and the Office of Workforce …

POSTED MARCH 24, 2017 1:24 AM
New Arkansas Law Expands Where Concealed Guns Allowed
Arkansas’ governor has signed a sweeping gun rights measure into law that will allow concealed handguns at state colleges, some bars, government buildings and even the state Capitol. The measure approved by Republican Gov. Asa Hutchinson allows someone with a …

POSTED MARCH 24, 2017 1:19 AM
Texas Senate OKs Ban on Abortion Coverage in Some Insurance Plans
The Texas Senate on March 22 preliminarily approved a bill prohibiting coverage of abortion by some health insurance plans in Texas — despite similar efforts stalling previously. The 19-10 vote leaves Sen. Larry Taylor’s bill a final, largely ceremonial vote …

POSTED MARCH 24, 2017 1:18 AM
Texas-Based ProAg to Acquire Iowa’s International Ag Insurance Solutions
Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has agreed to acquire crop managing general agent, West Des Moines, Iowa-based International Ag Insurance Solutions LLC (International Ag). The transaction, which is subject …

POSTED MARCH 24, 2017 1:16 AM
Oswald Cos. Names Sandusky Global Casualty Practice Leader
Oswald Companies, based in Cleveland, Ohio, has appointed Suzanne Sandusky as global casualty practice leader for property/casualty. Sandusky will lead the independent insurance brokerage firm’s national and international casualty strategy. Sandusky has 25 years of experience in designing unique casualty …

POSTED MARCH 24, 2017 1:13 AM
Flintstones vs. Jetsons, a Broker Success Story, and How Agencies Can Survive Insuretech
“If we survive the next five to 10 years and improve the way we do things, we can be well-positioned into the future.” James Keating, founder, chairman and CEO of The Keating Group, offered those positive words amid the din …

POSTED MARCH 23, 2017 11:19 PM
Magnitude 4.0 Quake and 2 Smaller Temblors Reported in Oklahoma
The U.S. Geological Survey reports a magnitude 4.0 earthquake and two smaller temblors struck Oklahoma on March 22. The larger quake was recorded near Stroud, located about 60 miles northeast of Oklahoma City. Two smaller quakes were also recorded. A …

POSTED MARCH 23, 2017 4:34 PM

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