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Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report
Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1 trillion (US$1.0 billion) – a rare billion-dollar event for the country, according to Impact Forecasting, Aon Benfield’s catastrophe model development …

POSTED DECEMBER 11, 2017 5:54 PM
Bridges Tapped to Lead INSURICA’s Texas Region
Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly DFB Insurance Group LLC) and is a third-generation insurance executive. …

POSTED DECEMBER 11, 2017 5:48 PM
Lockton Affinity Adds Cyber Coverage to Lawyers PL Program
Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk insurance policy protects firms and attorneys from cyber risks, such as confidentiality and privacy …

POSTED DECEMBER 11, 2017 5:36 PM
Nebraska Corn Crop Diminished by Strong Winds in Late October
Several days of strong winds in late October arrived at the wrong time for many farmers who saw their crops shrink as ears of corn fell to the ground in Nebraska and western Iowa. The extent of the damage varied, …

POSTED DECEMBER 11, 2017 5:34 PM
Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect the transaction, which is subject to regulatory approval, …

POSTED DECEMBER 11, 2017 5:30 PM
Arkansas Farmers Get $466M in Payments for Crop Losses in 2016
The U.S. Department of Agriculture says Arkansas farmers received $466 million in federal “safety net” payments this year for their crop losses in 2016, third highest in the nation. The Arkansas Democrat-Gazette reports that this year’s payments are $100 million …

POSTED DECEMBER 11, 2017 5:29 PM
Wisconsin Attorney General: Apartment Building Sprinkler Rule Not Enforceable
Wisconsin regulators can’t enforce a rule requiring sprinklers in large apartment buildings, Republican Attorney General Brad Schimel said on Dec. 8 in a victory for builders looking to save on costs. The state Department of Safety and Professional Standards adopted …

POSTED DECEMBER 11, 2017 5:27 PM
Guilty of Insurance Fraud, Illinois Chiropractor Gets 20-Month Prison Term
A suburban Chicago chiropractor has been sentenced to 20 months in prison for billing an insurance company more than $4 million for treatment that was unnecessary or never provided. Federal prosecutors said Thursday 46-year-old Steven Paul of Northbrook pleaded guilty …

POSTED DECEMBER 11, 2017 5:25 PM
Texas Pilot Pleads Guilty to Insurance Fraud in Gulf of Mexico Crash
A Texas pilot who survived a 2012 Gulf of Mexico plane crash and used an iPad to record his time in the water acknowledges it was insurance-related fraud. Theodore Robert Wright III pleaded guilty on Dec. 7 in Tyler to …

POSTED DECEMBER 11, 2017 5:22 PM
Harvey-Related Woes Linger on Some Texas Farms
For days after Hurricane Harvey flooded her Sour Lake, Texas, neighborhood, Deanna Coburn’s farm was silent, without its usual chorus of bleating goats and crowing roosters. The Beaumont Enterprise reports her chickens fled to the highest parts of the roosts, …

POSTED DECEMBER 11, 2017 5:19 PM

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