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Insurance Archive

Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half

Lloyd’s reported a return to earnings in the course of the first half, in a welcome restoration after its huge losses of 2017. Pre-tax earnings in the course of the half had been £600 million ($793.1 million), in comparison with …

Tokio Marine Kiln Appoints Patel, Formerly with AXIS/Novae, as CFO

Tokio Marine Kiln (TMK) has appointed of Reeken Patel as chief monetary officer (CFO). He joins TMK on Oct. 1, when he takes over from James Dover who has chosen to go away the business after 12 years at TMK …

IBM Being Sued for Age Discrimination

Shannon Liss-Riordan has been in comparison with “a pit bull with a Chihuahua in its mouth.” In a profession spanning virtually 20 years, the Boston-based lawyer has gone after companies which have both harmed customers or their very own workers. …

Being Nice to Employees Pays Off

Want the very best results out of your staff? Then be good to them. New research from Binghamton University, State University at New York finds that exhibiting compassion to staff nearly at all times pays off, particularly when mixed with …

Allstate Reports $186 Million in Hail, Other Catastrophe Losses in August

The Allstate Corporation stated estimated disaster losses for the month of August have been $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 occasions at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates …

Remnants of Florence Spawned Six Tornadoes in Virginia

The National Weather Service has confirmed that the remnants of Hurricane Florence spawned a complete of six tornadoes in Virginia earlier this week. Five of the tornadoes on Monday have been unfold throughout the Richmond metro space. A sixth twister …

$1.5M Yacht Likely a Total Loss After Connecticut Barge Strike

Maritime officials say a 50-foot, custom-built yacht value $1.5 million is probably going a complete loss after it was struck by a barge laden with sand and gravel in a Connecticut harbor. Capt. Eric Knott, Stamford’s harbormaster, tells the Stamford …

Elliott, Powell, Baden & Baker in Oregon Names Beelar Marketing Manager

Portland, Ore.-based Elliott, Powell, Baden & Baker Insurance company has named Heather Beelar the agency’s advertising supervisor. The new place will embody figuring out and analyzing market tendencies, and creating methods to satisfy evolving wants. She may even be accountable …

Small Temblor Shakes Inland Southern California Area

Some inland Southern California communities obtained an early morning jolt from a minor earthquake, the U.S. Geological Survey confirmed. The USGS says the magnitude-3.four tremor occurred at 5:44 a.m. Thursday. The quake was centered 2 miles southwest of San Bernardino …

Austin Drops Workers’ Comp Lawsuit Against Firefighter with Cancer

The metropolis of Austin, Texas, has dropped a lawsuit difficult the willpower by state employees’ compensation officials and an appeals panel {that a} firefighter recognized with cancer is eligible for employees’ comp advantages. According to the Austin Firefighters Association, Lt. …