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S&P Says Insurers And Reinsurers Can Absorb Losses from California Wildfires
S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event. However, the mounting bills from more frequents large wildfires in the state against a …

POSTED NOVEMBER 16, 2018 3:55 PM
CREST Insurance Group in Arizona Names Perrin COO
CREST Insurance Group LLC of Arizona has named Heather Perrin chief operations officer. Perrin will reside at the company headquarters located in Tucson, Ariz., and will oversee operations at the Arizona branches located in Scottsdale, Flagstaff, and Sierra Vista as …

POSTED NOVEMBER 16, 2018 3:30 PM
California Judge Sets Date for Next Next Monsanto Cancer Trial
A California judge has granted an expedited trial in the case of a California couple suffering from cancer who sued Bayer AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup caused their disease. The order by Superior Court Judge …

POSTED NOVEMBER 16, 2018 3:23 PM
New York Clinic Owner, Doctor, Attorney Arrested for Insurance Fraud Scheme
The owner, doctor and attorney involved with a medical clinic in Brooklyn, N.Y., have been charged for their alleged participation in a $1 million auto insurance fraud scheme. New York State Attorney General Barbara D. Underwood announced a 61-count indictment …

POSTED NOVEMBER 16, 2018 3:02 PM
Liberty Mutual Restructures Distribution for Commercial & Specialty Products
Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk Solutions Distribution, said in a statement …

POSTED NOVEMBER 16, 2018 2:59 PM
Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering Probe: Sources
Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the biggest money-laundering investigations in …

POSTED NOVEMBER 16, 2018 2:53 PM
Parts of Northern New England Hit with Heavy, Wet Snow
More than 6 inches of heavy, wet snow fell in parts of northern New England on Tuesday in one of the first significant snowfalls of the season. Caledonia and Essex counties in northeastern Vermont reported 4 inches to 7.5 inches, …

POSTED NOVEMBER 16, 2018 2:24 PM
New South Carolina Jury Fails to Reach Verdict in Talc Cancer Case Retrial
A second South Carolina jury on Thursday failed to reach a verdict in the retrial of a case by a woman whose family said her long-term use of Johnson & Johnson’s baby powder led to her death from asbestos-related cancer. …

POSTED NOVEMBER 16, 2018 2:21 PM
Massachusetts Lawmakers Set Hearings on Natural Gas Disaster
The Massachusetts Senate has scheduled two oversight hearings next month on issues stemming from the September natural gas explosions and fires in three communities. Senate leaders say the first hearing, planned for Dec. 4 in Boston, will examine the overall …

POSTED NOVEMBER 16, 2018 2:03 PM
Boeing Defends 737 Safety as First U.S. Lawsuit Filed Over Lion Air Crash
Boeing Co. has been sued in what may be the first U.S. claim tied to the crash of Lion Air Flight 610, which dove into the Java Sea after taking off from Jakarta Oct. 29. Irianto, the father of Dr. …

POSTED NOVEMBER 16, 2018 1:50 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does CECO Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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