Natural hazards created havoc in 2016

12 individual events caused losses exceeding $1 billion.
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Natural hazards created havoc in 2016 was originally posted by Insurance Super Feed

Natural hazards created havoc in 2016

12 individual events caused losses exceeding $1 billion.
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Natural hazards created havoc in 2016 was originally posted by Insurance Super Feed

A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada

A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers Insurance Company of Nevada, Employers Compensation Insurance Co., …
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A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada was originally posted by Insurance Super Feed

Arthur J. Gallagher Acquires The Presidio Group in Utah

Arthur J. Gallagher & Co. has acquired The Presidio Group Inc. in Salt Lake City, Utah. Terms of the deal were not disclosed. The Presido management and associates will continue to operate from their current location under the direction of …
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Arthur J. Gallagher Acquires The Presidio Group in Utah was originally posted by Insurance Super Feed

S&P Ratings Reacts to AIG’s Pending Q4 Reserve Charge

American International Group’s anticipated reserve charge has attracted the attention of Standard & Poor’s, which has downgraded certain ratings in light of the disclosure. S&P said it lowered AIG’s long-term counterparty credit and senior unsecured debt ratings to ‘BBB+’ from …
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S&P Ratings Reacts to AIG’s Pending Q4 Reserve Charge was originally posted by Insurance Super Feed

Illinois Agency Joins Valley Insurance Agency Alliance

Bailey Family Insurance in Springfield, Ill., recently joined Valley Insurance Agency Alliance (VIAA), a network of 100 independent insurance agencies in Missouri and Illinois. Owned by Mark and Christine Bailey, Bailey Family Insurance is a full service insurance agency specializing …
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Illinois Agency Joins Valley Insurance Agency Alliance was originally posted by Insurance Super Feed

FBI: Security Planning for Houston Super Bowl in Works for Years

When tens of thousands of fans stream into NRG Stadium in Houston for the Super Bowl this Sunday, they will understandably be thinking more about the big game than the behind-the-scenes preparations that have gone into ensuring their safety — …
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FBI: Security Planning for Houston Super Bowl in Works for Years was originally posted by Insurance Super Feed

Late Planting, August Floods Hurt Louisiana Sweet Potato Crop

The LSU AgCenter says late planting and August floods hurt Louisiana’s sweet potato harvest, cutting the yield from 450 bushels an acre in 2015 to 290 bushels per acre last year. Extension Associate Myrl Systrunk told the Louisiana Sweet Potato …
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Late Planting, August Floods Hurt Louisiana Sweet Potato Crop was originally posted by Insurance Super Feed

Minnesota’s ‘Plow Cams,’ Allow Drivers to See Road Conditions

Motorists venturing out onto snowy highways can now get a close-up look at the conditions they might encounter thanks to “plow cams” that the Minnesota Department of Transportation has mounted on some of its snowplows. The video cameras are mounted …
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Minnesota’s ‘Plow Cams,’ Allow Drivers to See Road Conditions was originally posted by Insurance Super Feed

Acrisure Names Sherman as Strategic Advisor

Grand Rapids, Mich.-based Acrisure LLC has named D. Michael Sherman as strategic advisor, reporting to Greg Williams, CEO and president of the rapidly growing insurance broker. Sherman brings more than 40 years of experience in the insurance industry to his …
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Acrisure Names Sherman as Strategic Advisor was originally posted by Insurance Super Feed

H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services

H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and provider of insurance products, XN is a subsidiary of The …
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H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services was originally posted by Insurance Super Feed

California Utility Ordered to Run Thousands of Ads over Deadly Blast Conviction

California’s largest utility must pay a $3 million fine and run thousands of TV commercials publicizing its pipeline safety violations as punishment for its criminal convictions in a deadly natural gas explosion in the San Francisco Bay Area. U.S. District …
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California Utility Ordered to Run Thousands of Ads over Deadly Blast Conviction was originally posted by Insurance Super Feed

San Francisco Deems Sinking 58-Story Millennium Tower Safe to Occupy

San Francisco inspectors say the sinking Millennium Tower is safe to occupy, despite strain on its foundation and electrical systems. The San Francisco Chronicle reported that an inspection report concludes there was no evidence of”`life-safety concerns” at the Millennium Tower. …
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San Francisco Deems Sinking 58-Story Millennium Tower Safe to Occupy was originally posted by Insurance Super Feed

Building of $7B Legal Pot Economy Underway in California

The future of California’s legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising “USA Home Grown” …
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Building of $7B Legal Pot Economy Underway in California was originally posted by Insurance Super Feed

7 reasons to consider a stand-alone terrorism policy

Unprecedented levels of violence are occurring in areas of the world which were once presumed safe. Often overlooked is the impact these strikes have on the businesses sustaining them.
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7 reasons to consider a stand-alone terrorism policy was originally posted by Insurance Super Feed

Trump Advisor Says U.S. Will Change Climate Policy, Pull Out of Paris Agreement

The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team until his inauguration. Ebell is the …
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Trump Advisor Says U.S. Will Change Climate Policy, Pull Out of Paris Agreement was originally posted by Insurance Super Feed

Trump’s ‘2-for-1’ Deregulation Scheme Easier Said Than Done

President Donald Trump set a daunting goal for government agencies bound by complex procedures, ordering his department heads to kill two regulations for each new one they issue. The two-for-one order is “a big one,” Trump said as he signed …
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Trump’s ‘2-for-1’ Deregulation Scheme Easier Said Than Done was originally posted by Insurance Super Feed

Archer Daniels Midland to Sell Crop Risk Services to Validus

U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings Ltd, the companies announced on Monday. The deal, which is expected to close in the …
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Archer Daniels Midland to Sell Crop Risk Services to Validus was originally posted by Insurance Super Feed

Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report

Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a report published by the Geneva Association. However, the protection gap problem …
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Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report was originally posted by Insurance Super Feed

Test Results Show Pennsylvania Workers Killed by Train Were on Drugs

Both maintenance workers killed by an Amtrak train near Philadelphia last year were on drugs when the crash happened, test results show, but that doesn’t appear to have factored into safety lapses and miscommunications being blamed for their deaths. Toxicology …
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Test Results Show Pennsylvania Workers Killed by Train Were on Drugs was originally posted by Insurance Super Feed

Maine Governor Signs Bill Delaying Parts of Legal Pot Law

Maine Governor Paul LePage has signed a bill to delay portions of Maine’s legal marijuana law. LePage signed the bill on Friday night. It will still become legal to possess and grow marijuana in the state today. But the bill …
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Maine Governor Signs Bill Delaying Parts of Legal Pot Law was originally posted by Insurance Super Feed

EPIC Insurance Brokers and Consultants Hires Giuditta in Connecticut

EPIC Insurance Brokers and Consultants, a retail property, casualty brokerage and employee benefits consultant headquartered in San Francisco, Calif., has hired Christopher J. Giuditta as a vice president. Giuditta will focus on the cultivation and development of new revenue opportunities …
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EPIC Insurance Brokers and Consultants Hires Giuditta in Connecticut was originally posted by Insurance Super Feed

8 ways telematics will shape insurance agencies in 2017

Usage-based insurance, the most prevalent reason to install telematics on a motor vehicle, will have a significant impact on insurance agencies in 2017 in these eight ways.
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8 ways telematics will shape insurance agencies in 2017 was originally posted by Insurance Super Feed

8 ways telematics will shape insurance agencies in 2017

Usage-based insurance, the most prevalent reason to install telematics on a motor vehicle, will have a significant impact on insurance agencies in 2017 in these eight ways.
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8 ways telematics will shape insurance agencies in 2017 was originally posted by Insurance Super Feed

Cyber-breach communications plans: What insurance professionals need to know

Insurance professionals can help clients develop a plan for crisis communications in case of a cyber attack or data breach with these four tips.
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Cyber-breach communications plans: What insurance professionals need to know was originally posted by Insurance Super Feed

Cyber-breach communications plans: What insurance professionals need to know

Insurance professionals can help clients develop a plan for crisis communications in case of a cyber attack or data breach with these four tips.
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Cyber-breach communications plans: What insurance professionals need to know was originally posted by Insurance Super Feed

Integro Appoints Abraham and Gregory to UK Financial Institutions Group

International broker and risk management firm Integro Insurance Brokers announced the hiring of industry veterans Simon Abraham and Darren Gregory, who join the firm’s growing Financial Institutions group in the London office at 100 Leadenhall Street. The hiring of Abraham …
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Integro Appoints Abraham and Gregory to UK Financial Institutions Group was originally posted by Insurance Super Feed

New Head of Allianz’ PIMCO Takes on $2 Trillion Challenge with Gusto

Walk down a side alley in Munich, beneath apartments with net curtains in the windows, past figures of female superheroes on a cafe storefront, and you come to the unprepossessing headquarters of a $2 trillion asset manager. On the fifth …
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New Head of Allianz’ PIMCO Takes on $2 Trillion Challenge with Gusto was originally posted by Insurance Super Feed

Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’

A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, capital-raising or asset …
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Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’ was originally posted by Insurance Super Feed

Mississippi Estimates More Than $1M in Timber Damaged by Tornado

More than $1 million worth of timber was destroyed by the tornado that hit Lamar, Forrest and Perry counties. The Mississippi Forestry Commission announced the estimate Friday based on aerial damage assessments. The commission says the tornado, which had estimated …
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Mississippi Estimates More Than $1M in Timber Damaged by Tornado was originally posted by Insurance Super Feed

ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida

Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network …
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ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida was originally posted by Insurance Super Feed

Alliant Adds Beachem to Lead Continued Expansion in the Southeast

Alliant has tapped Georgia-based Wade Beacham, vice president within the company’s Alliant Americas division, to facilitate Alliant’s continued regional expansion. In addition to his expertise with transactional risks, Beacham has more than 16 years of experience originating and managing client …
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Alliant Adds Beachem to Lead Continued Expansion in the Southeast was originally posted by Insurance Super Feed

Top 10 global business risks, according to the Allianz Risk Barometer 2017

Across the Americas, fear of business interruption, cyber incidents and natural catastrophes are the three major concerns for businesses.
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Top 10 global business risks, according to the Allianz Risk Barometer 2017 was originally posted by Insurance Super Feed

Top 10 global business risks, according to the Allianz Risk Barometer 2017

Across the Americas, fear of business interruption, cyber incidents and natural catastrophes are the three major concerns for businesses.
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Top 10 global business risks, according to the Allianz Risk Barometer 2017 was originally posted by Insurance Super Feed

IICF to Honor Wells’ Media Chief, Grant $400K to Nonprofits at Los Angeles Gala

Hundreds of insurance professionals and representatives from local nonprofits will convene on March 16 for the Insurance Industry Charitable Foundation’s annual Horizon Award Gala at the Natural History Museum of Los Angeles. The IICF Western division will announce more than …
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IICF to Honor Wells’ Media Chief, Grant $400K to Nonprofits at Los Angeles Gala was originally posted by Insurance Super Feed

Allstate’s ‘Worth Telling’ Campaign Celebrates Black History Month

In celebration of Black History Month, which begins Feb. 1, Allstate Insurance Co. is launching its annual digital, social and radio campaign, “Worth Telling.” “We are celebrating Black History Month by sharing inspirational stories of African-American pioneers who are impacting …
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Allstate’s ‘Worth Telling’ Campaign Celebrates Black History Month was originally posted by Insurance Super Feed

Georgia Insurance Department to Hold Claims Village in Albany for Tornado Victims

Georgia Insurance Commissioner Ralph Hudgens will host a Catastrophe Claims Village in Albany, on Tuesday, Jan. 31, and Wednesday, Feb. 1, according to a statement from the Georgia Department of Insurance. The purpose of the event will be to assist …
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Georgia Insurance Department to Hold Claims Village in Albany for Tornado Victims was originally posted by Insurance Super Feed

14K Gallons of Sewage Spills Into Space Coast Water System

Authorities along the Space Coast say a broken sewer pipe accidentally released 14,000 gallons of raw sewage into a storm water system that flows into the Indian River Lagoon. Florida Today reported Friday that the sewer line broke on Jan. …
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14K Gallons of Sewage Spills Into Space Coast Water System was originally posted by Insurance Super Feed

Telematics-Based Car Policies in UK Exceed 750,000 for 1st Time in 2016

The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading …
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Telematics-Based Car Policies in UK Exceed 750,000 for 1st Time in 2016 was originally posted by Insurance Super Feed

Delta cancels 110 flights Monday as it recovers from outage

Delta Air Lines Inc. canceled about 110 flights Monday as it began recovering from a computer breakdown a day earlier that left passengers stranded across the country.
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Delta cancels 110 flights Monday as it recovers from outage was originally posted by Insurance Super Feed

Texas Seeking Public Members for Insurance Guaranty Boards

The Texas Department of Insurance (TDI) is accepting applications through March 1 for public members of two boards: The Texas Property and Casualty Insurance Guaranty Association Board of Directors. The board oversees the association, which helps protect Texans if a …
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Texas Seeking Public Members for Insurance Guaranty Boards was originally posted by Insurance Super Feed

President Trump Declares Disaster in Oregon from Storm

President Donald Trump has declared a major disaster exists in Oregon from a severe winter storm and flooding in December. The White House says Trump ordered federal aid to supplement state, tribal, and local recovery efforts. The White House said …
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President Trump Declares Disaster in Oregon from Storm was originally posted by Insurance Super Feed

Montana House Votes to Cap Punitive Damages Awards

The Montana House has given initial approval to a measure that would reduce the amount a court can award in punitive damages. The cap on those awards meant to punish a company or individual for fraud or malice is now …
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Montana House Votes to Cap Punitive Damages Awards was originally posted by Insurance Super Feed

2016 Insurance Journal Timeline: From Chubb/Ace to Google to Trump

The merger of Chubb with Ace, Google shutting down its insurance operation, 10 things insurance agents like and don’t like, Florida’s water loss claims crisis, the launch of Lemonade, Trump’s plan to target taxes and trade — these were among …
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2016 Insurance Journal Timeline: From Chubb/Ace to Google to Trump was originally posted by Insurance Super Feed

UTHealth Study: 78% of Houston Hospital Workers Are Overweight or Obese

Seventy-eight percent of employees at Houston hospitals are overweight or obese, according to a study by researchers at The University of Texas Health Science Center at Houston (UTHealth) School of Public Health. The research results were published recently in the …
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UTHealth Study: 78% of Houston Hospital Workers Are Overweight or Obese was originally posted by Insurance Super Feed

New Lawsuit Against Baylor University Alleges 52 Rapes over 4 Years

A former Baylor University student who says she was raped by two football players filed a federal lawsuit on Jan. 27 against the school that alleges there were dozens more assaults of women involving other players. The lawsuit by the …
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New Lawsuit Against Baylor University Alleges 52 Rapes over 4 Years was originally posted by Insurance Super Feed

Iowa Supreme Court Rejects Water Utility’s Effort Against Drainage Districts

A divided Iowa Supreme Court on Jan. 27 upheld a legal doctrine going back 100 years that protects agriculture drainage districts against lawsuits. The ruling presents an obstacle for the Des Moines Water Works, which is pursuing a lawsuit in …
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Iowa Supreme Court Rejects Water Utility’s Effort Against Drainage Districts was originally posted by Insurance Super Feed

Indiana Doctor Faces 55 Felony Charges in ‘Pill Mill’ Case

An Indiana doctor accused of operating a “pill mill” saw as many as 100 patients in a single day and traded pain pills for work on his farm, federal investigators say. Dr. Tristan Stonger faces 55 felony charges stemming from …
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Indiana Doctor Faces 55 Felony Charges in ‘Pill Mill’ Case was originally posted by Insurance Super Feed

South Dakota Bill Would Make Insurer Tax-Credit Program More Transparent

A group of South Dakota lawmakers has introduced a bill that would require certain information from the state-subsidized insurance company tax credit program for scholarships be made public. The tax credit scholarship program passed through the Legislature last year and …
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South Dakota Bill Would Make Insurer Tax-Credit Program More Transparent was originally posted by Insurance Super Feed

Illinois Mining Companies to Pay $4.25M to Settle Sex Discrimination Suits

A group of affiliated coal mining companies will pay $4.25 million to settle two lawsuits that allege women were denied jobs at the firms because of their gender, federal officials said. The U.S. Equal Employment Opportunity (EEOC) filed the sex …
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Illinois Mining Companies to Pay $4.25M to Settle Sex Discrimination Suits was originally posted by Insurance Super Feed

AXA UK’s Travel Insurance Will Cover People Denied Access to US

The UK division of French insurer AXA said its travel policies would cover those denied access to the United States due to a U.S. travel ban on people from seven Muslim-majority countries. An executive order by U.S. President Donald Trump …
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AXA UK’s Travel Insurance Will Cover People Denied Access to US was originally posted by Insurance Super Feed

Connecticut Lawmakers Consider Higher Fines for Distracted Driving

Some Connecticut lawmakers want to make it tougher for distracted drivers. The General Assembly’s Transportation Committee is holding a public hearing today on several bills that would increase penalties for texting while driving, distracted driving or using a hand-held telephone …
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Connecticut Lawmakers Consider Higher Fines for Distracted Driving was originally posted by Insurance Super Feed

P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best

The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best’s report appears in line with a another analysis that noted the …
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P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best was originally posted by Insurance Super Feed

Jury to Assess Blame in Fatal Pennsylvania Building Collapse

Two powerhouse lawyers squared off in court Wednesday over who should be held responsible for a building collapse that killed six people inside a downtown Philadelphia store. Nineteen shoppers and workers were buried in rubble when a towering brick wall …
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Jury to Assess Blame in Fatal Pennsylvania Building Collapse was originally posted by Insurance Super Feed

JLT Acquires Majority Stake in Construction Risk Partners

Jardine Lloyd Thompson Group plc (JLT), a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has acquired a majority stake in Construction Risk Partners LLC (CRP), a construction risk and surety specialty insurance broker. The …
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JLT Acquires Majority Stake in Construction Risk Partners was originally posted by Insurance Super Feed

RSGUM Acquires Interstate Insurance Management in Pennsylvania

RSG Underwriting Managers (RSGUM) has agreed to acquire the total assets and operations of Interstate Insurance Management Inc. (Interstate). Interstate was represented in the transaction by Marsh, Berry & Company Inc.  Terms of the agreement were not released. Interstate is …
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RSGUM Acquires Interstate Insurance Management in Pennsylvania was originally posted by Insurance Super Feed

Innovation can overcome growth obstacles for insurers

P&C insurers may have their hands full in 2017 coping with a host of challenges, but that doesn’t mean they don’t have significant opportunities for growth and operational transformation this year and beyond.
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Innovation can overcome growth obstacles for insurers was originally posted by Insurance Super Feed

Allianz Weighs Acquisition of Australia’s QBE: Source

German insurer Allianz has made an informal approach to Australian peer QBE Insurance to canvass its interest in a takeover deal, according to a source familiar with the situation. The source, who was not authorized to speak publicly about the matter, told …
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Allianz Weighs Acquisition of Australia’s QBE: Source was originally posted by Insurance Super Feed

Munich Re America Names Mozeika to New Insurtech Post

Munich Reinsurance America has created a new strategic position in its Reinsurance Division to help clients seize opportunities resulting from the rapidly developing field of insurtech. Robert Mozeika will assume the new role as innovation executive. Steve Levy, president, Reinsurance …
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Munich Re America Names Mozeika to New Insurtech Post was originally posted by Insurance Super Feed

Labor Department’s Wells Fargo Whistleblower Site Taken Down

Democratic Senator Elizabeth Warren on Friday accused the U.S. Labor Department of dismantling a website designed to help Wells Fargo workers file whistleblower retaliation and other complaints against the bank, and asked the department to reinstate it. In her letter …
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Labor Department’s Wells Fargo Whistleblower Site Taken Down was originally posted by Insurance Super Feed

How State Insurance Regulators May Help Insurers Innovate

Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in the year ahead. Changes at the …
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How State Insurance Regulators May Help Insurers Innovate was originally posted by Insurance Super Feed

Next Level Administrators Of Florida Adds Blanch as VP of Business Development

Next Level Administrators (NLA), a Bradenton, Fla.-based data-focused claims administration organization, has appointed Angela Blanch as vice president of Business Development. Prior to joining the company, Blanch worked with with various TPA’s including CorVel Corporation, Sedgwick CMS, Cambridge, and GatesMcDonald. …
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Next Level Administrators Of Florida Adds Blanch as VP of Business Development was originally posted by Insurance Super Feed

NU, Flaspöhler partner for 10th annual Risk Manager study, RM Choice Awards

Risk managers completing the online study will receive a ‘special insights report’ containing extensive analyses only available to study participants.
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NU, Flaspöhler partner for 10th annual Risk Manager study, RM Choice Awards was originally posted by Insurance Super Feed

California Surplus Lines Are Now A Bigger Chunk of the Commercial Market

The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going forward. …
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California Surplus Lines Are Now A Bigger Chunk of the Commercial Market was originally posted by Insurance Super Feed

Lockton Expanding to Seattle, Walton Named Senior VP in New Office

Lockton is expanding to Seattle Wash., and adding Laura Walton as a senior vice president. The move is effective Feb. 13 and is part of Lockton’s expansion in the Pacific Northwest. Walton will lead business development and client strategy for …
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Lockton Expanding to Seattle, Walton Named Senior VP in New Office was originally posted by Insurance Super Feed

Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase

Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied …
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Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase was originally posted by Insurance Super Feed

Beazley Adds Life Sciences Underwriter Amis in California

Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional underwriter for G.E. Risk Solutions …
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Beazley Adds Life Sciences Underwriter Amis in California was originally posted by Insurance Super Feed

N.J. federal court in Superstorm Sandy coverage case rejects insureds' challenges

A federal district court in New Jersey, in a Superstorm Sandy coverage case, has ruled that a homeowner’s insurance company’s letter to its insureds amounted to an unequivocal denial of benefits.
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N.J. federal court in Superstorm Sandy coverage case rejects insureds' challenges was originally posted by Insurance Super Feed

N.J. federal court in Superstorm Sandy coverage case rejects insureds' challenges

A federal district court in New Jersey, in a Superstorm Sandy coverage case, has ruled that a homeowner’s insurance company’s letter to its insureds amounted to an unequivocal denial of benefits.
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N.J. federal court in Superstorm Sandy coverage case rejects insureds' challenges was originally posted by Insurance Super Feed

Attorneys to Receive $1.9M in Arkansas Marlboro Lights Case

Lawyers who won a $45 million settlement for Arkansas Marlboro Lights smokers will now receive a $1.9 million payment for the case. The Arkansas Democrat-Gazette reports Pulaski County Circuit Judge Tim Fox approved the reimbursement for the lawyers’ expenses on …
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Attorneys to Receive $1.9M in Arkansas Marlboro Lights Case was originally posted by Insurance Super Feed

Oklahoma Lawmaker: Uniform Building Code Commission Staff Unnecessary

State Rep. Mark McBride, R-Moore, announced he has filed a measure that would fold the state building code commission into the Oklahoma Construction Industries Board (CIB). House Bill 1168 would place the Oklahoma Uniform Building Code Commission (UBCC) under the …
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Oklahoma Lawmaker: Uniform Building Code Commission Staff Unnecessary was originally posted by Insurance Super Feed

Michigan Cracking Down on Illegal Insurance Sales

The Michigan Department of Insurance and Financial Services (DIFS) announced it is cracking down on fraudulent insurance sales. DIFS recently issued Cease and Desist Orders against a five entities for violating the Insurance Code. DIFS said the following entities were …
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Michigan Cracking Down on Illegal Insurance Sales was originally posted by Insurance Super Feed

Ohio Pharmacy Board: Painkiller Prescriptions Down 20% Since 2012

The state says the number of painkiller prescriptions continues to fall as Ohio battles a deadly addictions epidemic. Data released by the Ohio Board of Pharmacy show 631 million painkiller pills were dispensed to patients last year, down 20 percent …
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Ohio Pharmacy Board: Painkiller Prescriptions Down 20% Since 2012 was originally posted by Insurance Super Feed

O’Donnell, Packo Assume New Leadership Roles at Hylant

Insurance brokerage firm, Hylant, has named Kevin O’Donnell and Tony Packo III to new roles within the leadership team at its headquarters in Toledo, Ohio. O’Donnell was appointed senior vice president, Property/Marine/Global Practice leader. He will manage the practice and build …
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O’Donnell, Packo Assume New Leadership Roles at Hylant was originally posted by Insurance Super Feed

Minnesota Legislature Settles on Plan for Health Insurance Help

After months of back and forth and uncertainty over whether lawmakers would help more than 100,000 shoppers offset skyrocketing health insurance premiums, Minnesota’s Legislature has closed in on a plan that will shave hundreds of dollars off monthly payments starting …
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Minnesota Legislature Settles on Plan for Health Insurance Help was originally posted by Insurance Super Feed

Big Weekend Lake-Effect Storms Predicted for New York Snow Belt

Forecasters at the National Weather Service are predicting lake-effect storms this weekend for areas east of the Great Lakes, with two feet of snow or more possible in some areas. The hardest-hit regions in upstate New York will be the …
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Big Weekend Lake-Effect Storms Predicted for New York Snow Belt was originally posted by Insurance Super Feed

Montana Settles with Asbestos Victims for $25M

The state of Montana has reached settlements totaling $25 million with more than 1,000 victims of asbestos-related disease over claims that health officials failed to bring attention to the hazards of a contaminated mine. The Flathead Beacon reported that the …
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Montana Settles with Asbestos Victims for $25M was originally posted by Insurance Super Feed

California Jury Awards $1.25M in School Bathroom Break Suit

A jury has awarded $1.25 million to a former San Diego, Calif. high schooler who was denied a bathroom break and forced to urinate in a bucket. The girl, then 14, used the bucket in a Patrick Henry High School …
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California Jury Awards $1.25M in School Bathroom Break Suit was originally posted by Insurance Super Feed

CSAA Insurance Group in California Names Yoo Claims Executive

Walnut Creek, Calif. CSAA Insurance Group, a AAA Insurer, has named Kevin Yoo as the company’s new claims executive. Yoo will lead the claims organization, including four claims operations centers across the country, strategic planning, and all administrative responsibilities for …
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CSAA Insurance Group in California Names Yoo Claims Executive was originally posted by Insurance Super Feed

New Jersey Transit Rail-Crew Hours Draw Scrutiny Over Safety Limit

New Jersey Transit faces a widening examination of its safety practices after federal regulators discovered hundreds of potential work-hour violations, including altered duty logs and shifts longer than permitted. Federal Railroad Administration inspectors recommended penalties in September after they found timekeeping …
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New Jersey Transit Rail-Crew Hours Draw Scrutiny Over Safety Limit  was originally posted by Insurance Super Feed

Connected Homes Heighten Need for Personal Cyber Insurance

Eight out of ten U.S. consumers have a home data network and more than a third of them connect entertainment systems, gaming consoles and other smart devices to the Internet. The same survey suggests that all of this connectedness is …
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Connected Homes Heighten Need for Personal Cyber Insurance was originally posted by Insurance Super Feed

Charles Taylor Adjusting Appoints Cole as Massachusetts-Based U.S. CEO

Charles Taylor Adjusting (CTA), an international loss adjusting business focused on commercial losses and claims, has appointed Vince Cole as U.S. CEO and regional head. Based in Boston, Mass., he will be responsible for driving new business growth and leading …
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Charles Taylor Adjusting Appoints Cole as Massachusetts-Based U.S. CEO was originally posted by Insurance Super Feed

AIG, Fitch Put AIG Under Review Citing Reinsurance Deal, Reserve Adjustment

American International Group won’t be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a “material adverse reserve adjustment” from the insurer for its U.S. commercial business drew warnings from both A.M. Best and Fitch Ratings. A.M. Best …
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AIG, Fitch Put AIG Under Review Citing Reinsurance Deal, Reserve Adjustment was originally posted by Insurance Super Feed

U.S. P/C Insurance Earnings Picture ‘Isn’t Too Pretty,’ Says S&P

This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a “softer for longer” rate cycle for the sector, according to …
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U.S. P/C Insurance Earnings Picture ‘Isn’t Too Pretty,’ Says S&P was originally posted by Insurance Super Feed

Sullivan Insurance Group in Massachusetts Announces Two Promotions

Sullivan Insurance Group, an insurance and risk management firm headquartered in Worcester, Mass., has promoted Beth Grenier to vice president of claims and Monica T. DiPietro to manager of personal lines. Grenier has been with the company for 20 years …
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Sullivan Insurance Group in Massachusetts Announces Two Promotions was originally posted by Insurance Super Feed

Identifying emerging issues, trends in the wholesale insurance market

The range of opportunities and challenges facing the wholesale insurance market are vast and consequential.
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Identifying emerging issues, trends in the wholesale insurance market was originally posted by Insurance Super Feed

French Insurers & Bankers Aim to Beef Up Fintech Investments

After years of lagging behind London on spawning financial technology startups, Paris this week hosted a show of force aimed at proving the French capital can catch up as more than 1,500 bankers, investors and entrepreneurs gathered. The Paris Fintech …
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French Insurers & Bankers Aim to Beef Up Fintech Investments was originally posted by Insurance Super Feed

Sompo Canopius Names CNA’s O’Riordan as Head of International Property

Sompo Canopius AG has appointed Steve O’Riordan as head of international property with immediate effect. O’Riordan brings 30 years’ experience in the international property markets to Sompo Canopius and will report to Derek Hansen, group head of direct and facultative …
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Sompo Canopius Names CNA’s O’Riordan as Head of International Property was originally posted by Insurance Super Feed

Rupture at Plant Contaminates North Carolina Creek with Red Dye

A rupture at a plant in Winston-Salem, N.C., dumped red dye into a creek, killing some fish and prompting a warning for people to avoid the water. The Winston-Salem Journal reported the spill occurred at Hanes Dye & Finishing Co. …
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Rupture at Plant Contaminates North Carolina Creek with Red Dye was originally posted by Insurance Super Feed

American Water Files Settlement Over Role in 2014 West Virginia Water Crisis

A proposed settlement was filed Wednesday in the state investigation of West Virginia American Water’s role in a chemical spill and resulting water crisis in the Charleston area three years ago. Thousands of gallons of a coal-cleaning agent leaked from …
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American Water Files Settlement Over Role in 2014 West Virginia Water Crisis was originally posted by Insurance Super Feed

Alliant Americas Taps Young to Continue Southeast Growth

Ted Young has joined Alliant as senior vice president within the company’s Alliant Americas middle market division. The Georgia-based Young will facilitate Alliant’s continued expansion throughout the Southeast while servicing a diverse base of clients. Bob Bennetsen, executive vice president …
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Alliant Americas Taps Young to Continue Southeast Growth was originally posted by Insurance Super Feed

Florida-Based American Integrity Insurance Group Adds Brown as CFO

American Integrity has selected Cory Brown as its chief financial officer. He will lead the company’s accounting team and be an integral part of its executive leadership team, based in Tampa, Fla. Brown has nearly two decades of in-depth expertise, …
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Florida-Based American Integrity Insurance Group Adds Brown as CFO was originally posted by Insurance Super Feed

8 tools for using social media to fight insurance fraud

The explosion of social media has opened a vast new trove of information, and has created an entirely new channel of communication for insurance companies to discover fraudulent claims.
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8 tools for using social media to fight insurance fraud was originally posted by Insurance Super Feed

Aon Plc’s Group President McGill Steps Down

Aon plc announced that group president, Steve McGill, is leaving the firm to explore new opportunities. Greg Case, president and CEO of Aon plc, commented: “During his decade at Aon, Steve has developed a well-earned reputation as a tireless innovator on …
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Aon Plc’s Group President McGill Steps Down was originally posted by Insurance Super Feed

UK Regulator Calls for New Regime Providing Open Access to Global Markets

Banks, insurers and traders that comply with reinforced global financial sector rules should be allowed to operate unhindered across the world to spur economic growth and trade, a top British regulator said on Thursday. Andrew Bailey, chief executive of the …
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UK Regulator Calls for New Regime Providing Open Access to Global Markets was originally posted by Insurance Super Feed

Agency Salary Survey: Find Out More on Today’s Compensation Trends

Insurance Journal is running its annual Agency Salary Survey and we want to hear from you. All retail agency owners, principals, producers, CSRs — the entire agency — is invited to participate in this exclusive independent insurance agency survey for …
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Agency Salary Survey: Find Out More on Today’s Compensation Trends was originally posted by Insurance Super Feed

Houston Seeks to Expedite Funding for Flood-Control Measures

Officials intend to introduce an innovative plan to speed up funding for flood-control measures along Houston bayous. The Houston Chronicle reports the city council is considering a payment plan that would have the state give the city a $46 million …
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Houston Seeks to Expedite Funding for Flood-Control Measures was originally posted by Insurance Super Feed

Lead Levels in Flint, Michigan, Water Fall Below Federal Limit

Flint’s water system no longer has levels of lead exceeding the federal limit, a key finding that Michigan state environmental officials said is good news for a city whose 100,000 residents have been grappling with the man-made water crisis. The …
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Lead Levels in Flint, Michigan, Water Fall Below Federal Limit was originally posted by Insurance Super Feed

Extreme Solar Blackouts May Cost U.S. More Than $40 Billion Daily

The daily U.S. economic cost from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study published in a …
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Extreme Solar Blackouts May Cost U.S. More Than $40 Billion Daily was originally posted by Insurance Super Feed

Wildfires in Central Oklahoma, Destroy Homes, Damage Structures

Authorities say at least two homes were destroyed in a fast-moving wildfire that burned in central Oklahoma on Tuesday. Wildfires, fueled by dry vegetation and strong winds, also damaged or destroyed other structures in central Oklahoma. Firefighters responded to reports …
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Wildfires in Central Oklahoma, Destroy Homes, Damage Structures was originally posted by Insurance Super Feed

Chile wildfires destroy town as record heatwave stokes blaze [photos]

The fires destroyed as many as 1,000 homes in Santa Olga, 260 kilometers to the south of Santiago. The blazes have now cost the lives of seven firefighters, police and local citizens.
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Chile wildfires destroy town as record heatwave stokes blaze [photos] was originally posted by Insurance Super Feed

Chile wildfires destroy town as record heatwave stokes blaze [photos]

The fires destroyed as many as 1,000 homes in Santa Olga, 260 kilometers to the south of Santiago. The blazes have now cost the lives of seven firefighters, police and local citizens.
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Chile wildfires destroy town as record heatwave stokes blaze [photos] was originally posted by Insurance Super Feed

Arkansas Insurance Commissioner Named Vice-Chair of Two National Task Forces

Arkansas Insurance Commissioner Allen Kerr has been named vice-chairman of the National Association of Insurance Commissioners’ (NAIC) Workers’ Compensation and Examination Oversight Task Forces. The mission of the Workers’ Compensation (C) Task Force is to study the nature and effectiveness …
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Arkansas Insurance Commissioner Named Vice-Chair of Two National Task Forces was originally posted by Insurance Super Feed

Missouri’s POWERS Insurance and Benefits Adds Bender

POWERS Insurance and Benefits, headquartered in the St. Louis, Mo., area, has hired Robin Bender as a personal account manager. Bender will assist producers in acquiring new business, as well as handling the sales and service of specific POWERS’ clients. She …
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Missouri’s POWERS Insurance and Benefits Adds Bender was originally posted by Insurance Super Feed

A.M. Best: Outlook Positive for Wolverine Mutual Insurance

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of Wolverine Mutual Insurance Co.  (Wolverine), in …
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A.M. Best: Outlook Positive for Wolverine Mutual Insurance was originally posted by Insurance Super Feed

U.S. Agency, Industry Working on New Safety Standards for Lithium-Ion Batteries

Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co. Ltd phones after faulty batteries caused fires, a U.S. government agency said on Tuesday. “Consumers should never have to worry that a battery-powered …
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U.S. Agency, Industry Working on New Safety Standards for Lithium-Ion Batteries was originally posted by Insurance Super Feed

Brit Launches Lutine Yacht Consortium with Capacity of $250M

Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels valued …
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Brit Launches Lutine Yacht Consortium with Capacity of $250M was originally posted by Insurance Super Feed

Former Washington Corrections Officer Jailed In $100K Workers’ Comp Scam

A former Washington state corrections officer accused of holding three jobs while claiming he was too disabled to work will serve seven days behind bars along with home detention. John J. Gruden, 44, pleaded guilty to felony, first-degree theft in …
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Former Washington Corrections Officer Jailed In $100K Workers’ Comp Scam was originally posted by Insurance Super Feed

Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS

PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26 and Oct. 30, 2016. Affecting the regions of Lazio, Marche and Umbria, the series included three major earthquakes with moment …
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Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS was originally posted by Insurance Super Feed

Castelo Takes Charge at MAPFRE North America, USA

Spanish insurer MAPFRE Group’s new CEO for its North America arm has assumed his responsibilities. Alfredo Castelo is now president and CEO of both MAPFRE U.S.A. Corp. and MAPFRE North America region. He is replacing Jaime Tamayo who was promoted …
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Castelo Takes Charge at MAPFRE North America, USA was originally posted by Insurance Super Feed

XL Catlin Appoints Karna as Chief Data Officer

XL Catlin has announced the appointment of Dr. Henna A. Karna as chief data officer, reporting to XL’s chief platform officer, Myron Hendry. Karna has more than 20 years’ experience leading data-driven, digital innovation and positive disruption within the insurance industry, …
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XL Catlin Appoints Karna as Chief Data Officer was originally posted by Insurance Super Feed

Insurity Acquires Valen Analytics

Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial terms. Valen is perhaps best known for its InsureRight Platform and its predictive analytic products designed …
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Insurity Acquires Valen Analytics was originally posted by Insurance Super Feed

100-Year-Old Founder of Cross Insurance Remains Committed to Family Business

Shortly after Woodrow Cross founded Cross Insurance out of his family’s home in Bangor, Maine, in 1954, he sold his first insurance policy for just seven dollars. More than 60 years and nearly 115 agency acquisitions later, with roughly 800 …
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100-Year-Old Founder of Cross Insurance Remains Committed to Family Business was originally posted by Insurance Super Feed

NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary

Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator said last week. Ted Nickel, president of the National Association …
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NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary was originally posted by Insurance Super Feed

Worker Dies in Accident at Massachusetts Supermarket Distribution Center

Police and federal safety officials are investigating a fatal workplace accident in Freetown, Mass. It happened early Tuesday afternoon at a distribution center for Stop & Shop supermarkets. Police say a man later identified as 51-year-old Alphonse Ferent of Stoughton …
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Worker Dies in Accident at Massachusetts Supermarket Distribution Center was originally posted by Insurance Super Feed

Pennsylvania Insurance Commissioner to Chair National Task Force on Senior Issues

Pennsylvania Insurance Commissioner Teresa Miller will chair a task force as part of the National Association of Insurance Commissioners (NAIC) that will examine issues that impact senior insurance consumers. Commissioner Miller’s appointment was announced by Wisconsin Commissioner of Insurance Theodore …
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Pennsylvania Insurance Commissioner to Chair National Task Force on Senior Issues was originally posted by Insurance Super Feed

How will legislators crack down on storm-claims fraud in 2017?

While state and local officials have little tolerance for scams and attempt to crack down on the criminals, it can be difficult to stop those who abuse and misuse the insurance and legal system with excessive claims and litigation.
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How will legislators crack down on storm-claims fraud in 2017? was originally posted by Insurance Super Feed

Short Joins XL Catlin’s Excess Casualty Unit in Kansas City

Alan F. Short has joined XL Catlin’s Excess Casualty team as a senior underwriter in Kansas City.    Short brings 30-plus years of broker and underwriting experience, including his recent tenure as an underwriting consultant with CNA. Source: XL Catlin 
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Short Joins XL Catlin’s Excess Casualty Unit in Kansas City was originally posted by Insurance Super Feed

H.W. Kaufman Acquires Essential Insurance Services in Colorado

H.W. Kaufman Financial Group has acquired Colorado-based Essential Insurance Services Inc. Terms of the deal were not disclosed. Essential Insurance Services will become part of US-Reports, Kaufman’s national provider of premium audits, inspections, and risk management services. The Essential Insurance …
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H.W. Kaufman Acquires Essential Insurance Services in Colorado was originally posted by Insurance Super Feed

Wells Fargo Market Outlook Has Favorable News for Cyber Security

San Francisco, Calif.-based Wells Fargo Insurance released its 2017 Insurance Market Outlook and Employee Benefits Outlook reports showing this year’s property/casualty insurance market will again be favorable to buyers. According to the surveys, most sectors will see a flat to …
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Wells Fargo Market Outlook Has Favorable News for Cyber Security was originally posted by Insurance Super Feed

Mississippi, Georgia Commissioners Call on Industry to Assist Residents Affected by Tornadoes

Insurance commissioners in Mississippi and Georgia, two of several Southeast states hit over the weekend by devestating tornadoes that damaged thousands of homes and caused millions of dollars in insured losses, are calling on the insurance industry to assist their …
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Mississippi, Georgia Commissioners Call on Industry to Assist Residents Affected by Tornadoes was originally posted by Insurance Super Feed