Industry News

Provided by InsuranceJournal.com

Motor Vehicle Deaths Declined 1% in 2017
August 16, 2017
Preliminary data show U.S. motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they were still significantly higher than they were two years ago, according to the National Safety Council. There were 18,689 … …

Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh
August 16, 2017
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …

Mass. Behavioral Health Facility Faces $207K in Fines for OSHA Violations
August 16, 2017
A Massachusetts behavioral health facility faces $207,690 in proposed penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for violations found while conducting a follow-up inspection. On June 29, 2017, O …

AIG Wants to Sell $2 Billion in Life Settlements Business
August 16, 2017
American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …

Final Evacuees From Pennsylvania Derailment, Fire Return Home
August 16, 2017
The last of the evacuated residents of a small Pennsylvania town were finally able to return to their homes one week after a freight train carrying hazardous materials derailed and caught fire. CSX spokesman Rob Doolittle said residents of 40 …

Massachusetts Governor Signs Bipartisan Pregnant Worker Protection Legislation
August 16, 2017
Massachusetts Governor Charlie Baker last month signed H. 3680, a bipartisan bill to extend protections to pregnant workers in the state. The legislation, An Act Establishing the Massachusetts Pregnant Workers Fairness Act, will prohibit workplace an …

China to Further Open Its Economy to Foreign Investments in Insurance, Banking
August 16, 2017
China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months, the Chinese government has ma …

Taiwan Power Crisis a Growing Concern for Local Industry: Opinion
August 16, 2017
I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …

Taiwan Power Outages Disrupt Some Semiconductor Manufacturing
August 16, 2017
A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the island’s power mix. A combination of unusually … …

CNA’s Sandelands Returns to Chubb as Customarq Product Manager
August 16, 2017
Chubb has named Barbara Sandelands executive vice president and Customarq Package product manager for its Commercial Insurance division in North America. In this newly created role, she will be responsible for profit and loss, product and system deve …

http://news.google.com/?output=rss