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California Commissioner Takes Aim at Oil, Coal Producing States
Responding to top government officials in 12 oil and gas producing states that threatened to sue over the state’s climate initiatives, California Insurance Commissioner Dave Jones said: bring it on. In June, Oklahoma Attorney General Mike Hunter sent a letter …

POSTED JULY 28, 2017 4:51 PM
Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days
The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting vehicles and damaging …

POSTED JULY 28, 2017 4:33 PM
Disaster Declaration OK’d for 16 Oklahoma Counties
Oklahoma Gov. Mary Fallin says a federal disaster declaration has been approved for 16 counties affected by storms and tornadoes in mid-May. Fallin said Wednesday that the Federal Emergency Management Agency has approved declaration for Alfalfa, Beckham, Cherokee, Coal, Cotton, …

POSTED JULY 28, 2017 4:22 PM
Ohio State Fair Reopens Without Amusement Rides
The Ohio State Fair opened on July 27 but its amusement rides remained closed one day after a man was killed and seven other people were injured when a thrill ride broke apart and flung people into the air. Video …

POSTED JULY 28, 2017 4:18 PM
Texas Senate OKs Bill That Preempts Local Texting While Driving Rules
The Texas Senate has approved a beefed-up texting while driving ban that preempts existing local ordinances against distracted driving in 45 cities statewide. In May, the Republican-controlled Legislature made Texas one of the country’s last states to outlaw texting while …

POSTED JULY 28, 2017 4:16 PM
California Commissioner Counters AGs, other Commissioners over Climate Initiative
California Insurance Commissioner Dave Jones has fired off a letter to the 12 oil state attorneys general and one governor from states like Texas and Oklahoma over threats to sue him if he did not stop his Climate Risk Carbon …

POSTED JULY 28, 2017 3:46 PM
Mercury Names Most Affordable Electric Vehicles to Insure in California
Mercury Insurance put together a list of the 10 most affordable electric vehicles to insure, and Fiat, Kia and Nissan models top the list. Mercury researchers examined the 2017 electric vehicles available at car dealerships today or in the near …

POSTED JULY 28, 2017 3:27 PM
Oak Hill Capital Partners to Acquire Controlling Position in California-based EPIC
Private equity firm Oak Hill Capital Partners has agreed to acquire all of The Carlyle Group’s stake in EPIC Insurance Brokers & Consultants, giving Oak Hill a controlling equity position in EPIC. Oak Hill’s investment will enable EPIC to continue …

POSTED JULY 28, 2017 3:04 PM
Senators Question If Trump Advisor, AIG Investor Icahn Plays Role in ‘Too Big to Fail’
Two prominent U.S. Democratic senators are raising questions about President Donald Trump’s special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to persuade the government to lift its “too big to fail” tag …

POSTED JULY 28, 2017 2:20 PM
Verisk to Acquire Merchant Payments Risk Platform G2 Web Services
Data analytics firm Verisk Analytics has agreed to acquire G2 Web Services, a provider of merchant risk intelligence for acquirers, commercial banks and other payment system providers. The purchase price is $112 million, which will be paid in cash to stockholders of …

POSTED JULY 28, 2017 2:06 PM

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