News – Insurance Journal
|CVS Says It Will Keep Aetna in Connecticut’s Capital City
CVS Health Corp. said Friday it has “no plans” to move Aetna from Connecticut’s capital city, reversing last year’s announcement by the insurance giant that it would move its headquarters to another state after nearly two centuries in Hartford, Conn. …
POSTED JANUARY 16, 2018 11:01 AM
|Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services
A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. EU trade negotiator Michel Barnier has said there will be …
POSTED JANUARY 16, 2018 9:01 AM
|Randall & Quilter Sells Insurance Services & Captive Mgmt. Operations to Davies Group
Randall & Quilter Investment Holdings Ltd. (R&Q) announced the sale of its Insurance Services and Captive Management Operations to Davies Group, a London-based operations management, consultancy and digital solutions provider. The transaction involves the sale of the entire share capital …
POSTED JANUARY 16, 2018 8:36 AM
|Argo Group Renews Harambee Re Sidecar Reinsurer for 2018
Argo Group International Holdings Ltd., the international underwriter of specialty insurance and reinsurance products, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2018. Launched in 2013, the sidecar continues with the company’s “successful track record …
POSTED JANUARY 16, 2018 8:15 AM
|Insurance, Finance Fraud in UK Jumps to $2.9B, a 15-Year High
Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of evidence was setting back investigations. The value of finance and …
POSTED JANUARY 16, 2018 7:46 AM
|Supreme Court Case on SEC Judges Could Disrupt Administrative Proceedings
The U.S. Supreme Court will decide whether the Securities and Exchange Commission’s in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend administrative hearing systems across the federal government. The move came at …
POSTED JANUARY 16, 2018 6:00 AM
|Appeals Court Thwarts Goldman Shareholders’ Class Action Over Subprime Securities
A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc. of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, …
POSTED JANUARY 16, 2018 6:00 AM
|West Virginia Proposes Comprehensive Drug Plan to Address State Opioid Crisis
State health officials are proposing a multifaceted plan for confronting the drug crisis killing hundreds of West Virginians each year, one that would require action by everyone from lawmakers to doctors to judges to emergency responders to the general public. …
POSTED JANUARY 16, 2018 5:47 AM
|Insurance Industry Bands Together to Make a Difference in North Carolina City
A group of insurance and risk management professionals are working together to make a difference in one of North Carolina’s largest cities. The group, Community Matters: Insurance Partners of Charlotte, started in 2012 to help raise funds to build a …
POSTED JANUARY 16, 2018 5:00 AM
|Deaths, Damage from California Mudslides Rise in Wealthy Montecito Community
The mudslides on the California coastal town of Montecito have devastated a wealthy enclave where billionaires including Charlie Munger, Eric Schmidt and Oprah Winfrey own properties, with hundreds of millions of dollars of damage in one of America’s most expensive …
POSTED JANUARY 15, 2018 1:49 PM
Yahoo News - Latest News & Headlines
|Trump Attacks Wall Street Journal, Claiming Paper Lied About Single Word In Interview
An angry Donald Trump lashed out at The Wall Street Journal on Sunday, claiming the newspaper deliberately misquoted a single word in a 45-minute interview during its hunt for “fake news.”
POSTED JANUARY 15, 2018 3:00 AM
|Botched Photo Shoot Brings Viral Glory To Missouri Family
It’s a fact of life: Nice family photos never go viral, as one family in St. Louis, Missouri recently discovered.
POSTED JANUARY 15, 2018 9:53 PM
|In Terrifying Close Call, Plane Skids Off Turkish Runway And Nearly Plunges Into Black Sea
Terrifying images captured Saturday night at Trabzon airport on Turkey’s northeast coast showed a passenger plane teetering precariously on a steep slope, its nose pointing toward the waters of the Black Sea below, after the jet skidded off the runway as it was attempting to land.
POSTED JANUARY 14, 2018 8:25 AM
|Pulse-Pounding Rescue Caught on Tape as Firefighters Catch Baby Tossed From Burning Building
Fire captain Scott Stroup twisted his knee while making the grab.
POSTED JANUARY 15, 2018 2:12 PM
|Stealth and Speed: America's SR-71 Blackbird Might Be Old (But Still the World's Fastest Plane)
The Blackbird’s design reflected the fact that it was pushing the limits. The SR-71’s J58 engines could only start through use of two vehicle-mounted V8 starter engines, and the triethylborane used in the fuel would belch green flames during ignition. The J58s would switch to a partial ramjet mode at high speeds, such that the SR-71 actually became more fuel efficient when it went faster.
POSTED JANUARY 15, 2018 7:30 PM
|Iran oil tanker explodes off coast of China with no survivors
A burning Iranian oil tanker exploded and sank Sunday after more than a week listing off the coast of China, as an Iranian official acknowledged there was “no hope” of missing sailors surviving the disaster. The collision and disaster of the Sanchi, which carried 30 Iranians and two Bangladeshis, had transfixed an Iran still reeling from days of protests and unrest that swept the country at the start of the year. Families of the sailors wept and screamed at the headquarters of the National Iranian Tanker Co. in Tehran, the private company that owns the Sanchi.
POSTED JANUARY 14, 2018 1:22 PM
|Qatar exile says he's held by UAE; Abu Dhabi denies claim
DUBAI, United Arab Emirates (AP) — An exiled Qatari ruling family member once promoted by Saudi Arabia amid its ongoing dispute with Doha appeared in an online video Sunday claiming he's being held against his will in the United Arab Emirates, an allegation denied by Abu Dhabi.
POSTED JANUARY 14, 2018 1:27 PM
|Chinese 'rainbow dinosaur' had iridescent feathers like hummingbirds
Scientists on Monday announced the discovery of a crow-sized, bird-like dinosaur with colorful feathers from northeastern China that lived 161 million years ago during the Jurassic Period. Microscopic structures in the exquisitely preserved, nearly complete fossil unearthed in Hebei Province indicated that it boasted iridescent feathers, particularly on its head, neck and chest, with colors that shimmered and shifted in the light, like those of hummingbirds. The discovery "suggests a more colorful Jurassic World than we previously imagined," said evolutionary biologist Chad Eliason of the Field Museum in Chicago, one of the researchers in the study published in the journal Nature Communications.
POSTED JANUARY 15, 2018 5:22 AM
|12,000 flee as Philippines warns of volcano eruption
The crater of a rumbling Philippine volcano was glowing bright red Monday, with vulcanologists warning it could erupt within days, sending thousands fleeing from their homes. Volcanic earthquakes and rockfalls have shaken the summit of Mayon over the last 24 hours, after a number of steam-driven eruptions, scientists said. More than 12,000 people have been ordered to leave a seven-kilometre (four-mile) evacuation zone, and there are warnings of destructive mudflows and toxic clouds. "It is dangerous for families to stay in that radius and inhale ash," Claudio Yucot, head of the region's office of civil defence, told AFP. "Because of continuous rains in past weeks, debris deposited in the slopes of Mayon could lead to lahar flows. If rain does not stop it could be hazardous." Clouds of ash engulf the volcano in Legazpi Credit: Reuters The volcano, a near-perfect cone, sits around 330 kilometres southwest of Manila. Steam-driven eruptions and rockfalls began over the weekend, and the crater began glowing on Sunday evening, in what the Philippine Institute of Volcanology and Seismology (Phivolcs) said was a sign of the growth of a new lava dome. The Mayon volcano's crater glows, as it is pictured from Daraga, Albay, the Philippines Credit: Reuters Experts fear a major eruption could trigger pyroclastic flows - superheated gas and volcanic debris that race down the slopes at high speeds, incinerating or vaporizing everything in their path. More extensive explosions of ash could drift toward nearby towns and cities, including Legazpi city, the provincial capital, about 9 miles (15 kilometers) away. An archive photo of the Mayon volcano when not at risk of eruption Credit: AFP Lava last flowed out of Mayon in 2014 when 63,000 people fled. "We think the lava now is more fluid than in 2014. This means the flow can reach further down (the slopes) at a faster rate," Phivolcs head Renato Solidum told AFP. "We see similarity with eruptions where the first phase of the activity started with lava flow and culminated in an explosive or hazardous part. That's what we are trying to monitor and help people avoid." At a glance | Deadliest volcanic eruptions The 2,460-metre (8,070-foot) Mayon, has a long history of deadly eruptions. Despite having erupted about 50 times in the last 500 years, the volcano is popular with climbers and tourists. Four foreign tourists and their local tour guide were killed when Mayon last erupted, in May 2013. The Mayon volcano during an eruption back in 2006 Credit: CHERYL RAVELO/Reuters In 1814 more than 1,200 people were killed when lava flows buried the town of Cagsawa. An explosion in August 2006 did not directly kill anyone, but four months later a typhoon unleashed an avalanche of volcanic mud from Mayon's slopes that claimed 1,000 lives.
POSTED JANUARY 15, 2018 12:39 AM
|Georgia senator now says Trump 'did not use that word'
Sen. David Perdue, R-Ga., said that President Trump never used crass language referring to Haiti and African nations during a closed-door meeting earlier this week.
POSTED JANUARY 14, 2018 11:08 AM