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Industry Needs to Join Insurtech Wave to Digitize Insurance: AFL’s Esser
There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we should look at ubiquitous electronic placement too. So what can …

POSTED JANUARY 18, 2018 8:15 AM
West Virginia College Ordered to Pay $250K in Discrimination Suit
A judge has entered a $250,000 judgment against West Virginia Wesleyan College in a discrimination lawsuit. The Exponent Telegram reports a circuit judge in Upshur County made the ruling recently in a lawsuit filed by a former employee of the …

POSTED JANUARY 18, 2018 6:38 AM
Insurtech Lemonade’s Co-Founder Accuses Amazon of Poaching Employees
With two social media posts, Shai Wininger, co-founder of the insurtech Lemonade, accused giant Amazon of poaching employees of his startup insurance carrier that is powered by artificial intelligence and behavioral economics. Wininger also threatened to retaliate by leaving the …

POSTED JANUARY 18, 2018 6:00 AM
How the U.S. Can Improve Workplace Injury and Illness Data
Federal agency officials involved in reducing work-related injuries and illnesses believe there is still a lot to learn about the relationship between work and injuries. According to the experts, the government needs smarter workplace surveillance and data collection practices. The …

POSTED JANUARY 18, 2018 6:00 AM
For Florida Insurer American Integrity, Giving Back is Part of Company Culture
American Integrity Insurance Group’s charitable efforts have become an integral part of the company’s culture, and not just during the holiday season. The Florida-based insurer, which formed in 2006, began asking employees four years ago what charities they would like …

POSTED JANUARY 18, 2018 5:47 AM
JenCap Holdings to Acquire Genesee General of Georgia
JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The transaction is expected to close in January 2018. Financial terms …

POSTED JANUARY 18, 2018 5:41 AM
National Interstate Forms Captive for Towing & Recovery Industry
National Interstate Insurance Company, a specialty property and casualty transportation insurer, has launched TowCap Premier, a group rental captive designed exclusively for the towing and recovery industry. National Interstate will market TowCap Premier directly through retail brokers, and is currently …

POSTED JANUARY 18, 2018 5:18 AM
Judge Allows Philadelphia’s Suit Claiming Unfair Lending by Wells Fargo
A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co.’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. U.S. District Judge Anita Brody said Philadelphia may …

POSTED JANUARY 17, 2018 8:33 PM
Ratings Assigned to Iowa’s Midwest Family Advantage Insurance
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook assigned to these ratings is stable. Concurrently, A.M. …

POSTED JANUARY 17, 2018 5:44 PM
Harvey-Devastated Texas Coastal Towns Still Working on Recovery
Some Texas coastal towns where Hurricane Harvey made landfall are working to restore tourism and other economic attractions nearly five months after the storm. Hundreds of businesses in Rockport and Fulton are now open amid recovery efforts assisted by Aransas …

POSTED JANUARY 17, 2018 5:40 PM

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