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The Business Council of New York State Touts Workers’ Comp Savings in N.Y.
The Business Council of New York State Inc. has touted the newly approved 11.7 percent reduction in loss cost rates, which are the basis for setting workers’ compensation premiums for 2019, as being significant toward workers’ compensation savings for most …

POSTED JULY 17, 2018 1:29 PM
Chubb Hires Everest’s Watt to Lead North America Claims
Chubb has appointed Megan Watt, as executive vice president, head of North America Claims. In this role, she will lead all aspects of Chubb North America claims management, service and administration for the commercial and personal insurance businesses. Watt has …

POSTED JULY 17, 2018 1:24 PM
KBW Hires Sarkar to Its Insurance Investment Banking Group in New York
Keefe, Bruyette & Woods Inc. (KBW), a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and a wholly owned subsidiary of Stifel Financial Corp., has hired Rajib Sarkar as managing director in its Insurance Investment …

POSTED JULY 17, 2018 1:19 PM
Supreme Court Nominee Kavanaugh Seen as Business Friend, Regulation Skeptic
Brett Kavanaugh could add a powerful new voice on the Supreme Court to restrain what government agencies can do, ushering in a new era of tougher scrutiny of federal regulations loathed by businesses. In a dozen years on the U.S. …

POSTED JULY 17, 2018 1:14 PM
Connecticut’s CMIC Hires Cronin as Director of Underwriting
CMIC, a Glastonbury, Conn.-based, member-owned medical professional liability insurance company, has hired Garrett P. Cronin to the CMIC Group team as the director of underwriting. Prior to joining CMIC, Cronin worked for Chubb Corporation as a national underwriting manager within …

POSTED JULY 17, 2018 12:59 PM
Travelers: Use Current Auto Insurance Model for Autonomous Future
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability policy in 1897. “This …

POSTED JULY 17, 2018 12:53 PM
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018. The Supervisory Board of Munich Re has appointed Christoph Jurecka as …

POSTED JULY 17, 2018 12:22 PM
Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher
While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire sector. Chilton, who will be stepping …

POSTED JULY 17, 2018 10:11 AM
Health Officials Investigating Tennessee Zipline Sickness Outbreak
The Tennessee Department of Health says its investigation continues into gastrointestinal illness that affected more than 500 people who visited a zipline attraction. Officials have said E. coli bacteria caused the sickness, but the Health Department said Thursday that some …

POSTED JULY 17, 2018 5:02 AM
CFA Institute Adds Cryptocurrency, Blockchain to Curriculum
It might be the definitive sign that cryptocurrencies have arrived on Wall Street. CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II …

POSTED JULY 17, 2018 5:00 AM

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