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Ward Stein, President, GTU

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Rick Sforzo, VP Transportation Div., Maxum

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Bob Crescenzo, VP, Lancer

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Al Birch, Harco

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Bruce Hooker, LC Manager, Mattei

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Updated: 7 min 53 sec ago

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Thu, 06/28/2018 - 14:27
Employers will likely have an easier time combating claims of Title VII sexual orientation discrimination in front of a high court without Justice Anthony Kennedy, but he took more conservative positions on other key labor and employment issues, experts say.

Validus recruits executive from XL

Thu, 06/28/2018 - 13:46
Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president and chief operating officer of Validus Specialty, Western World Insurance Group and Crop Risk Services, the insurer said in a statement Thursday.

Lockton reports revenue increase

Thu, 06/28/2018 - 13:30
Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017, the Kansas City, Missouri-based broker said Thursday.

Insurtech company launches commercial drone insurance

Thu, 06/28/2018 - 13:15
Acend Inc., doing business as REIN, has launched, its first digital portal designed to allow commercial drone operators to safeguard their business and self-manage coverage online, the company said in a statement Thursday.

Firing a gun ruled gross negligence in shooting death of child

Thu, 06/28/2018 - 13:06
A child’s death caused by an apartment management company employee shooting — and encouraging others to shoot — a handgun was the result of gross negligence, said a federal appeals court in overturning a lower court decision in an insurance coverage dispute.

Calif. comp insurers spent 91% of premiums on losses in 2017

Thu, 06/28/2018 - 13:01
Total workers compensation insurer combined losses and expenses incurred in 2017 were $16.2 billion, or 91% of calendar year premium, compared with $16.9 billion, or 94% of calendar year premium, in 2016, the Oakland, California-based Workers’ Compensation Insurance Rating Bureau reported Tuesday.

AssuredPartners acquires London brokerage

Thu, 06/28/2018 - 12:30
AssuredPartners Inc. on Thursday said it has acquired London-based B&W Brokers Ltd.

Lawsuit over Prince-related tot video goes crazy long

Thu, 06/28/2018 - 11:22
The lawsuit that pitted a YouTube-posting mother gushing over her bouncing tot to Prince’s “Let’s Go Crazy” and the owners of all Prince’s works went a little nuts: the dancing baby is now 12 and reportedly in middle school as parties reached a settlement Tuesday.

US charges 601 people in opioid, health care fraud crackdown

Thu, 06/28/2018 - 11:22
(Reuters) — The U.S. Justice Department has announced charges against 601 people, including doctors and nurses, for taking part in health care fraud and opioid-related crimes that resulted in more than $2 billion in losses.

Former Equifax manager charged with insider trading

Thu, 06/28/2018 - 10:57
(Reuters) — A former Equifax Inc. software development manager was charged with insider trading before the credit reporting company disclosed a cyber attack that exposed the personal data of about 148 million people last year.

Court rules Jimmy John’s not a joint employer

Thu, 06/28/2018 - 10:56
Sandwich shop franchiser Jimmy John’s L.L.C. and other of its corporate entities are not joint employers with its franchisees, says a district court, in a long-running Fair Labor Standards Act case filed by plaintiffs who have worked as assistant managers in the company’s franchisee stores.

Court halves $500 million verdict in Facebook virtual reality lawsuit

Thu, 06/28/2018 - 10:44
(Reuters) — A federal court in Dallas halved the $500 million verdict that a jury ordered Facebook Inc., its virtual reality unit Oculus, and others to pay ZeniMax Media Inc., a video game publisher that alleged Oculus stole its technology.

Insurers must deal with Brexit uncertainty: EU watchdog

Thu, 06/28/2018 - 10:30
(Reuters) — Insurance companies must spell out to new and existing customers the possible impact of Brexit on billions of euros in cross-border policies, the European Insurance and Occupational Pensions Authority said.

Appeals court rules against Uber on arbitration

Thu, 06/28/2018 - 09:18
A federal appeals court has overturned a lower court ruling and held that Uber Technologies Inc. cannot compel plaintiffs in a putative class action suit to arbitrate their claims because the arbitration agreement provided during its registration process was inconspicuous.

Northern Japan at higher quake risk

Thu, 06/28/2018 - 06:18
The probability of a major earthquake occurring within the next 30 years has increased significantly in eastern Hokkaido in northern Japan according to a new seismic hazard map.

IT system implementation at ports could lead to supply-chain disruptions

Thu, 06/28/2018 - 06:17
Shippers and businesses are likely to face supply-chain disruptions as container ports in the United Kingdom transition to new IT systems to manage port operations.

Sompo to expand transport business amid rise in online shopping: Official

Thu, 06/28/2018 - 06:17
Laurent Blasquez, president for France at Bermuda-based Sompo International Holdings Ltd., said that the insurer is looking to expand its operations in the transport segment amid a rise in online shopping.