insurance News

Knievel Sobriety Jump in Montana Grounded Over Insurance Concerns

Lack of insurance has grounded Robbie Knievel’s jump over 26 cars in Montana to celebrate his newfound sobriety following a fourth DUI arrest. The Montana Standard reports the jump was planned over a Butte bar, but was moved over insurance concerns. …

Nevada School District to Settle Insurance Broker Suit for $1.65M

The Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely. Business Benefits Inc. sued the district in May 2014 …

Report Sees Major Food Shortage as Climate Change Danger

Climate change reports and studies abound lately – as you will note from a previous column – but one recent report gives potentially the starkest prediction yet of what impacts climate change could have. The report from Lloyd’s of London, “Food …

Nevada School District to Settle Insurance Broker Suit for $1.65M

The Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely. The Las Vegas Sun reported at the time that …

Rotted Beams Identified In Deadly Northern California Balcony Collapse

A balcony that snapped off an apartment building and led to the deaths of six college students was supported by wooden beams that had been badly rotted by exposure to moisture, building inspectors in Berkeley, Calif., said. The city Building …

World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their World …

Hiscox Appoints Worth as Interim CFO

Bermuda-based Hiscox announced that John Worth will join the company on June 22, and, subject to regulatory approval, will be appointed interim chief financial officer with effect from September 1, 2015. Worth’s appointment is designed to provide continuity in oversight …

UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey

A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT specialists, according to research carried out …

California Bill Would Intercept Insurance Claims to Fund Child Support

California lawmakers are advancing a bill that would intercept more insurance payments and use them to pay beneficiaries’ overdue child support. About a quarter of insurance companies now voluntarily participate in the program. It collects about $17 million annually from …

Milestones in Leadership Conference in Southern California ‘Experiential’

More than 350 business owners and decision makers attended the annual “Milestones In Leadership Summit” in Southern California earlier this month. The event, created by Ronald J. Hoefer, owner and CEO of Milestone Risk Management & Insurance Services in Orange …