Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction through two classes of principal-at-risk variable rate notes issued by …
California’s Department of Industrial Relations and the Division of Workers’ Compensation has suspended two more medical providers from participating in California’s workers’ comp system. The suspensions were made possible by the passage last year of Assembly Bill 1244, which requires …
A tourist is suing a Las Vegas Strip hotel, claiming a life-sized mannequin in his darkened room caused him to flee and suffer injuries. Kent Jacobs Boutwell, of Southern California, filed the lawsuit against the Planet Hollywood casino-hotel in Clark …
California’s total costs per workers’ compensation claim with more than seven days of lost time have remained stable after the passage of workers’ comp reform, while most other states experienced an increase during this period, according to a study by …
Denver, Colo., has proposed a set of rules for businesses that get permits to allow social marijuana use. The Denver Post reported that among the rules presented, businesses owners would have to require customers to sign waivers as they enter, …
A giant steam-filled tank weighing nearly 2,000 pounds that exploded at a St. Louis, Mo., box plant, flew a quarter-mile into the air and smashed into a neighboring building, was being used despite needing emergency repairs, federal investigators said. The …
Privately owned insurance brokerage firm, Hylant, has promoted Jeff Lumpp to president of its Grand Rapids, Mich., office. Lumpp will be responsible for building greater brand awareness, growing the Hylant business in West Michigan and further developing Hylant’s team of …
At least half of the Indianapolis 500 field share more than steely nerves and a love of speed. They have the same agent for insurance, including some policies they’d rather not contemplate. Life insurance. “To a T, they all want …
It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve …
Specialty Program Group, a holding company for specialty insurance underwriting facilities, has acquired the assets of Paul Hanson Partners and its affiliate, PHP International. Terms of the deal were not disclosed. Napa, Calif.-based PHP is a national program administrator specializing …
