Wage Hike Would Cost California Taxpayers $3.6B, Analyst Says


Raising the minimum wage in California to the highest statewide level in the nation would eventually cost taxpayers an additional $3.6 billion a year in higher pay for government employees, legislative analysts determined. The estimate was disclosed as an Assembly …
Source: Insurance Journal

Climate Change Easy Bet to be Hot Topic at Insurance Regulator Meeting


Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy. Climate change buzz has continued …
Source: Insurance Journal

Distracted drivers fault family members more than work, friends


Eighty-two percent of Americans feel pressured to deal with family distractions, such as phone calls and text messages, while behind the wheel.
Source: Property Casualty 360

AIG CEO Hancock Sees Opportunity in MetLife Systemic Risk Win


A judge’s ruling that MetLife Inc. is not “too big to fail” opens up an opportunity for insurer American International Group Inc. to seek an exemption from the tag, AIG Chief Executive Peter Hancock said on CNBC on Thursday. However, …
Source: Insurance Journal

Utah Employers Must Accommodate Breast-Feeding Workers


Utah is joining more than a dozen states to require businesses to offer breast-feeding and pregnant employees accommodations such as extra breaks during work. Republican Gov. Gary Herbert signed a law this week that makes it a requirement for employers …
Source: Insurance Journal

Disasters cost insurers $37B in 2015, according to Swiss Re


The biggest loss came from a man-made disaster — the explosions at the Port of Tianjin in China.
Source: Property Casualty 360

How to create a successful insurance sales direct mailer


Creating the best direct mail piece requires blending together great content and an aesthetically pleasing design.
Source: Property Casualty 360

Everest Re Names Former Zurich Exec, Kerner, to Lead Strategy & Risk Mgmt.


Everest Re Group Ltd. hired Michael Kerner, who previously led Zurich Insurance Group AG’s general-insurance unit, to head the strategy and risk-management team as the Bermuda-based reinsurer reshapes management. Kerner will be an executive vice president, Everest Re said Wednesday …
Source: Insurance Journal

Zurich Chairman Predicts Improved Results; New CEO Greco Reviews Strategy


Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom de Swaan. “The implementation of these measures is going …
Source: Insurance Journal

Zurich chairman sees ‘better’ results as new CEO reviews focus


Chairman Tom de Swaan, who served as acting CEO before Greco arrived, said Zurich is on track to achieve its cost-cutting targets.
Source: Property Casualty 360

Brown Promoted to Executive Vice President at Lockton Mountain West


Ted Brown has been promoted to executive vice president at Lockton’s Mountain West operation in Denver, Colo. Brown focuses on structuring solutions to optimize clients’ total cost of risk in the real estate, development, construction, and private equity industries. Brown …
Source: Insurance Journal

Everest Re hires Zurich’s Kerner to head risk management team


Everest Re hired Michael Kerner, who previously led Zurich’s general insurance unit, to head the strategy and risk management team as the reinsurer reshapes management.
Source: Property Casualty 360

Arthur J. Gallagher Acquires Joseph Distel & Co. in Connecticut


Arthur J. Gallagher & Co. announced the acquisition of Joseph Distel & Co. Inc. in Farmington, Connecticut. Terms of the transaction were not disclosed. Founded in 1955, Joseph Distel & Co. is a managing general agent and wholesale insurance broker …
Source: Insurance Journal

Hawaii Lawmakers: How Much Pot Is OK While Driving?


Hawaii lawmakers are asking how much marijuana a driver can safely consume before getting behind the wheel of a car. It’s an issue they want to tackle now that Hawaii is setting up medical marijuana dispensaries, so Rep. Cindy Evans …
Source: Insurance Journal

Top Exposures Facing Global Middle Market Firms Vary by Region: Assurex Survey


While all middle market businesses across the world have concerns about cyber risk, few of these firms view it as their biggest exposure, according to a global survey* of 68 leading independent insurance brokers, which gauged the concerns of their …
Source: Insurance Journal

Around the P&C insurance industry: March 30, 2016


News from Guidewire, ISO, Chubb and more.
Source: Property Casualty 360

7 business networking questions, answered


Here are some takeaways on how build and maintain your networking list.
Source: Property Casualty 360

Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator


Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper there. Today, the focus is on creating an environment that supports innovation and entrepreneurism in businesses that serve the insurance industry. “Des Moines …
Source: Insurance Journal

South Carolina Flood Relief Fund Awarding $760K to 18 Charities


South Carolina’s One SC relief fund is awarding $760,000 to 18 charities that are helping people recover from last October’s historic flooding. The awards announced Monday represent the second round of grants from the fund Gov. Nikki Haley launched in …
Source: Insurance Journal

Scott Rejects CFO’s Pick for Florida Insurance Head, Application Reopened


Florida Gov. Rick Scott made it known Tuesday that his choice for the next Florida insurance commissioner would not be State Representative Bill Hager. “I won’t second it,” was Scott’s quick response to Chief Financial Officer Jeff Atwater’s motion to …
Source: Insurance Journal