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Johnson & Johnson wins appeal to overturn $151M hip implant verdict
(Reuters) — Johnson & Johnson on Wednesday secured a favorable U.S. appellate court ruling, overturning a verdict that had awarded $151 million to five people who blamed injuries they suffered on the company's Pinnacle hip implant devices.

POSTED APRIL 26, 2018 11:39 AM
Uber to update 'bug bounty' policies after 2016 data breach
(Reuters) — Uber Technologies Inc. on Thursday plans to announce changes to how it rewards cyber researchers who report flaws in its software, a company executive told Reuters, as part of the ride-hailing firm's response to concerns raised about the way it handled a data breach in 2016.

POSTED APRIL 26, 2018 11:23 AM
Marsh & McLennan revenue up in first quarter

POSTED APRIL 26, 2018 10:31 AM
Days of Thunder for drones, brought to you by Allianz
It’s a bird … it’s a plane … actually, it’s a drone ... multiple drones, in fact, amid news that Allianz S.E. has extended its sponsorship of the Drone Racing League to five years.

POSTED APRIL 26, 2018 10:15 AM
CNA Financial CFO Mense to retire, Anderson named successor
D. Craig Mense, executive vice president and chief financial officer of CNA Financial Corp., will retire from the company effective Dec. 31, to be succeeded by James Anderson.

POSTED APRIL 26, 2018 9:56 AM
Watchdog group releases list of top offenders in workplace safety
The National Council for Occupational Safety and Health has released a report drawing attention to employers nationwide whose unsafe working conditions have led to deaths or serious injuries.

POSTED APRIL 26, 2018 7:49 AM
Natural disasters to cause $160 billion in mostly uninsured losses annually: UN
The United Nations said that natural disasters are likely to cause $160 billion in economic losses per year by 2030 in the Asia Pacific region, with only 8% of the losses currently covered by insurance.

POSTED APRIL 26, 2018 6:10 AM
Campaign against foreign reinsurers needs to stop: Insurance association
The All-Russian Insurance Association has called on the government to stop local politicians from badmouthing foreign reinsurers.

POSTED APRIL 26, 2018 6:09 AM
Australia fines Ford $7.5 million
The Federal Court of Australia has fined Ford Motor Company of Australia Ltd. $10 million Australia ($7.5 million) for mishandling responses to consumer complaints about powershift transmission cars.

POSTED APRIL 26, 2018 6:08 AM
Pakistan reviews financial preparedness for disasters
The Pakistani government, the Insurance Development Forum and Germany-based InsuResilience Global Partnership, among others, are reviewing strategies for disaster risk financing in Pakistan.

POSTED APRIL 26, 2018 6:06 AM

News – Insurance Journal

Porter Named Chief HR Officer at Ohio’s Grange Insurance
Damon Porter has been appointed vice president, chief human resources officer at Grange Insurance, headquartered in Columbus, Ohio. Porter was previously vice president, talent management and human resources business partners at Erie Insurance in Pennsylvania. In that role, he led …

POSTED APRIL 26, 2018 4:31 PM
Wisconsin Court: PR Firm Not Entitled to Free Accident Data
A Wisconsin state appeals court says a public relations firm doesn’t have the right to free access to the state Department of Transportation’s accident database. The DOT releases accident reports through its website for $6 per report, through written requests …

POSTED APRIL 26, 2018 4:27 PM
Wisconsin, Leading in Manufacturing Jobs Added, Touts Private Sector Gains
Wisconsin added the most manufacturing jobs of any state in the first quarter of 2018 and ranks fourth nationally in the number of private sector jobs added in March, the state Department of Workforce Development (DWD) reported State-by-state rankings released …

POSTED APRIL 26, 2018 4:27 PM
Missouri Employers Mutual: More Businesses Injury-Free in 2017
Workers’ compensation insurer, Missouri Employers Mutual Insurance (MEM), says it experienced an all-time high in injury-free policyholders last year. MEM’s 2017 workplace safety data show the company increased its total policy count from 15,857 to 17,561 in 2017. And that …

POSTED APRIL 26, 2018 4:24 PM
Valero Refinery Fire in Texas Released Air Contaminants, Report Finds
A report found that a recent explosion and fire at a refinery along Texas’ Gulf Coast released four types of unauthorized contaminants into the air. The Daily News reports that Valero Energy estimates its Texas City refinery emitted more than …

POSTED APRIL 26, 2018 4:21 PM
NTSB Says Pilot Reported Ice Buildup Before Crash of Small Plane in Pennsylvania
Investigators say the pilot of a small plane had reported ice buildup on his aircraft and asked to divert to a nearby airport shortly before the crash that killed him and his passenger last week in Pennsylvania. A preliminary report …

POSTED APRIL 26, 2018 1:05 PM
Seeman Holtz Acquires Houston Agency’s Marine, Motorcycle Business
Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired the marine and motorcycle insurance business of Elton Porter Insurance Agency in Houston, Texas. Members of the Elton Porter sales and service team will join Seeman Holtz …

POSTED APRIL 26, 2018 4:38 PM
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting firm’s survey found that 80 …

POSTED APRIL 26, 2018 12:23 PM
Louisiana Lawmakers Eye Stiffer Penalties for Pipeline Damage
A fight over a crude oil pipeline in southern Louisiana has spilled into the Legislature. A proposal to stiffen penalties for damaging or trespassing around pipelines is nearing final passage after winning approval from a Senate judicial committee. Rep. Major …

POSTED APRIL 26, 2018 4:19 PM
Zurich Insurance Reported to be Preparing to Cut Stake in Malaysian Unit
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 billion of such deals in the …

POSTED APRIL 26, 2018 12:00 PM

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