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Missouri Employers Mutual Awards $800K in Workplace Safety Grants
May 22, 2018
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of …

Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22, 2018
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), wh …

Congress Considers Tightening Oversight of Foreign Investments
May 22, 2018
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Se …

Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
May 22, 2018
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …

BP Fears Climate Change Lawsuits in U.S.
May 22, 2018
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …

Florida Makes 3 Arrests in ‘Operation Rent-to-Burn’ Arson Crime Ring
May 22, 2018
Three additional people have been arrested for their various roles in an arson-for-profit scheme that took place over 7 years in three Florida counties, according to a statement from Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis …

Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
May 21, 2018
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investo …

XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
May 21, 2018
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin …

Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
May 21, 2018
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, votin …

Wisconsin Family Sues Over Stun Gun Death of Mentally Ill Man
May 21, 2018
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …

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