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As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain Relevant
Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run Ericson Insurance Advisors, an 80-year old agency serving the greater New …

POSTED JUNE 26, 2017 12:06 PM
Planned Sale of Israel’s Phoenix Holdings to China’s Yango Is Scrapped
Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. It did not give …

POSTED JUNE 26, 2017 11:21 AM
Whirlpool Fridge Started London’s Grenfell Tower Fire that Killed at Least 79
A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge and spread at “unexpected speed” through the building’s exterior cladding, police said, indicating they’ll pursue charges if criminal offenses are …

POSTED JUNE 26, 2017 10:46 AM
Everest Re Taps Hiscox’s Kelly to Lead International Casualty Facultative Unit
Everest Re Group, Ltd. announced that Matthew Kelly has joined the group as vice president and head of the Reinsurance Division’s International Casualty Facultative unit and is based in Everest Re’s Miami Office. He will be responsible for worldwide casualty …

POSTED JUNE 26, 2017 10:21 AM
Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M
German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating the northern German banking market …

POSTED JUNE 26, 2017 10:08 AM
General Motors Agrees to Settle Hundreds of Ignition Lawsuits
General Motors Co. has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court …

POSTED JUNE 26, 2017 5:00 AM
Automakers Grapple with What To Do with Drivers in Autonomous Vehicles
Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. …

POSTED JUNE 26, 2017 5:00 AM
Former Flatiron, Cantor Fitzgerald Execs Launch Premium Financing Firm National Partners
Denver-based National Partners, a new premium finance company, said that it will open for business and begin processing loans on July 2. Since its formation in July 2016, NP has been building out its software system and securing the state …

POSTED JUNE 26, 2017 5:00 AM
In Biggest Data Breach Settlement Yet, Anthem to Pay $115 Million
Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach. The …

POSTED JUNE 26, 2017 5:00 AM
Florida Medical Marijuana Law Signed by Scott
  Florida Gov. Rick Scott signed legislation Friday to implement the medical marijuana amendment voters approved last year. Amendment 2, approved by 71 percent of the voters in November, took effect on Jan. 3 and required that laws had to …

POSTED JUNE 26, 2017 4:07 AM

Property Casualty 360

Moving your insurance agency from maintenance to multiplication
A high number of agencies live in maintenance mode. Instead of trying to make progress, the goal is to simply to avoid losing ground.

POSTED JUNE 26, 2017 6:30 AM
Fatal plane crash in Tom Cruise movie leads to insurance fight
Allianz has asked a federal court in Atlanta to deem Great American Insurance the primary carrier for multiple entities facing two wrongful death suits in California state court.

POSTED JUNE 26, 2017 6:00 AM
N.Y. admin law judge says Uber drivers are employees, not contractors
A New York state Department of Labor administrative law judge has ruled that three Uber drivers and others in New York City who are considered employees under state law and entitled to unemployment benefits.

POSTED JUNE 26, 2017 5:45 AM
Claims magazine recognizes insurance industry leaders for innovation
Sedgwick & CSA Travel Protection–Generali Global Assistance win top honors.

POSTED JUNE 26, 2017 5:30 AM
Today's connected insurance consumers expect convenience
Technology has transformed the way businesses serve their customers, and insurance is no exception.

POSTED JUNE 26, 2017 5:00 AM
4 trends shaping cybersecurity in 2017
Cybersecurity requires vigilance. Businesses can stay ahead with insights from ISACA's third annual cybersecurity study.

POSTED JUNE 26, 2017
Whirlpool fridge started London highrise apartment fire that killed 79
A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge and spread at 'unexpected speed' through the building’s exterior cladding.

POSTED JUNE 23, 2017 1:36 PM
Are you really present for career success or just emailing it in?
There's still value in 'showing up.'

POSTED JUNE 23, 2017 1:10 PM
U.S. cyber insurance continues to grow, according to Fitch Ratings
The top 15 writers of cyber held approximately 83% of the market in 2016.

POSTED JUNE 23, 2017 11:52 AM
People on the move in the P&C insurance industry: June 23, 2017
News from York Risk Services Group, New Day Underwriting Managers, Willis Towers Watson and more.

POSTED JUNE 23, 2017 11:25 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Beathard Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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