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Millennial Says Individual Development Plans, Pay Incentives Nurture Younger Staff

The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? Customized training is one way to do this, a millennial …

North Carolina Bill Limiting Farm Nuisance Damages Vetoed

Gov. Roy Cooper vetoed legislation Friday that would have limited monetary damages in civil lawsuits filed by neighbors of hog and poultry farm operations when judges determine the stench from animal waste is a nuisance. Cooper said the measure, which …

Nevada Lawmakers Push Blood-Only Detection of Marijuana DUIs

Weighing in on how Nevada should test people for stoned driving, lawmakers advanced a measure on Friday to eliminate urine samples as a viable measure for police to show a driver to be impaired by marijuana. Under the bipartisan proposal, …

California Balcony Fall Victims Win Partial Settlement

The victims of a balcony collapse in Berkeley, California, that killed six college students have reached a settlement with some of the companies they sued in 2015. The settlements are confidential, said lawyers for the families of the students who …

Woman Sues Missouri Police Agencies Over Son’s Chase Death

The mother of one of three men killed during a 2014 police chase is suing police agencies involved in the Missouri pursuit, insisting her son was an “innocent bystander” in the vehicle and had begged police to call off the …

P/C Insurers Report $4.7B Net Underwriting Loss in 2016

Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016-following an $8.9 billion net underwriting gain in 2015-and experienced a 25 percent drop in net income after taxes to $42.6 billion from $56.8 billion a year earlier, …

Business News: Genpact, SCM, J.S. Held

Genpact Acquires BrightClaim Genpact, a global professional services firm focused on delivering digital transformation for clients, has acquired BrightClaim and their associated company National Vendor, both leading providers of integrated claims solutions to the U.S. property and casualty (P&C) insurance …

Hindenburg’s Insurance Policy on Display at NYC Fire Museum

A New York City museum’s collection includes the insurance policy written for the Hindenburg, which exploded over New Jersey 80 years ago this weekend. The Daily News reports officials at the New York City Fire Museum in Lower Manhattan unveiled …

Last Hindenburg Survivor Says Air Was on Fire

Thunderstorms and wind had delayed the Hindenburg’s arrival in New Jersey from Germany on May 6, 1937. The father of 8-year-old Werner Doehner headed to his cabin after using his movie camera to shoot some scenes of Lakehurst Naval Air …

State Farm Will Displace 4,200 Employees With 11 Office Closings

State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last year on auto policies. The insurer will exit Parsippany, …

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