Monday, July 31, 2017

Report Finds Decline in Public School Violence, Bullying

The number of violent attacks and incidents of bullying in American public schools has gone down in recent years, according to a federal report published Thursday. Violence and bullying were more frequent in middle schools than in high schools or …
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Report Finds Decline in Public School Violence, Bullying was originally posted by ClaimsMate.com Insurance Information Resources

Jeatran Named Marsh & McLennan Agency President; Mott Becomes Chief Operating Officer

Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, appointed Bill Jeatran as president and Christina Mott as chief operating officer. Both will report to David Eslick, chairman and CEO of MMA. As president of MMA, Jeatran …
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Jeatran Named Marsh & McLennan Agency President; Mott Becomes Chief Operating Officer was originally posted by ClaimsMate.com Insurance Information Resources

California Earthquake Authority Policy Sales up 5.4% in 2Q

Californians may be getting the idea that they live in earthquake country. That’s the underlying message that can be found in the latest figures out from the California Earthquake Authority. The CEA, a not-for-profit, publicly managed organization, announced on Monday …
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California Earthquake Authority Policy Sales up 5.4% in 2Q was originally posted by ClaimsMate.com Insurance Information Resources

The changing face of insurance leadership

Look for more women to reach the insurance C-suite.
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The changing face of insurance leadership was originally posted by ClaimsMate.com Insurance Information Resources

FEMA Says ‘No’ to Taking Back $2B in Katrina Funds from New Orleans

The Federal Emergency Management Agency should take back $2 billion dollars in grants approved to fix New Orleans sewers and water pipes damaged by Hurricane Katrina, and to repair streets afterward, a federal audit says. FEMA says no. The Department …
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FEMA Says ‘No’ to Taking Back $2B in Katrina Funds from New Orleans was originally posted by ClaimsMate.com Insurance Information Resources

Rogers Named IIAT’s Customer Service Representative of the Year

The Independent Insurance Agents of Texas (IIAT) has named Cheryl Rogers of K&S Insurance in Rockwall as its Customer Service Representative (CSR) of the Year. Rogers was presented with the award at IIAT’s 120th Annual Conference and Trade Show in …
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Rogers Named IIAT’s Customer Service Representative of the Year was originally posted by ClaimsMate.com Insurance Information Resources

Air Guard Tankers Being Activated to Combat Western Wildfires

Air National Guard C-130s from Wyoming, Nevada and Colorado that are equipped to battle fires have been activated to fight wildfires in the Western U.S. The three large aircraft will be stationed in Fresno, Calif. Currently, the activation is scheduled …
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Air Guard Tankers Being Activated to Combat Western Wildfires was originally posted by ClaimsMate.com Insurance Information Resources

Arizona Awarding Grant to Help Combat Wrong-Way Driving

The Arizona State Transportation Board is poised to announce a project grant to a company that will work on a system to reduce the risk of wrong-way driving. The board’s decision will come after Gov. Doug Ducey called for state …
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Arizona Awarding Grant to Help Combat Wrong-Way Driving was originally posted by ClaimsMate.com Insurance Information Resources

Judge Refuses to Block California Gas Facility From Reopening

A judge has refused to block a Los Angeles natural gas storage facility from reopening a year and a half after a major blowout spewed methane that drove thousands of families from their homes. Los Angeles Superior Court Judge John …
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Judge Refuses to Block California Gas Facility From Reopening was originally posted by ClaimsMate.com Insurance Information Resources

USGS Says Quake Recorded in Hawaiian Islands Channel

The U.S. Geological Survey says a magnitude-4.2 earthquake was recorded in a channel between the islands of Hawaii and Maui. The agency said the quake was recorded at 2:01 local time Sunday about 16 miles southeast of Kaupo, Maui, at …
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USGS Says Quake Recorded in Hawaiian Islands Channel was originally posted by ClaimsMate.com Insurance Information Resources

Heavy Rains Cause Widespread Flooding, Some Rescues in Pennsylvania

Heavy rains caused widespread flooding and prompted some evacuations and rescues in western Pennsylvania, but no major injuries were reported. Forecasters said a stalled system resulted in conditions more similar to winter than summer and dumped as much as five …
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Heavy Rains Cause Widespread Flooding, Some Rescues in Pennsylvania was originally posted by ClaimsMate.com Insurance Information Resources

Maryland County to Host Disaster Assistance Center

A Maryland county is hosting a disaster assistance center in response to damage from last week’s tornado. The Queen Anne’s County Department of Emergency Services opened Thursday, July 27, and will stay open through Thursday, August 3. It will be …
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Maryland County to Host Disaster Assistance Center was originally posted by ClaimsMate.com Insurance Information Resources

Investments, Specialty Business Counter Weather Losses, Reinsurance in Q2 for W.R. Berkley

Weather-related losses and a competitive reinsurance business nudged W.R. Berkley Corp.’s 2017 second quarter combined ratio higher. But a nearly five percent growth investment income and gains in specialty business helped keep net income steady. W.R. Berkley booked $109 million …
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Investments, Specialty Business Counter Weather Losses, Reinsurance in Q2 for W.R. Berkley was originally posted by ClaimsMate.com Insurance Information Resources

Australia’s New South Wales to Inspect High-Rise Cladding over Fire Safety

Australia’s New South Wales (NSW) government will inspect more than 1,000 residential and commercial towers that may have potentially unsafe cladding and introduce new fire safety reforms to avoid a deadly inferno such as the Grenfell Tower fire in London. …
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Australia’s New South Wales to Inspect High-Rise Cladding over Fire Safety was originally posted by ClaimsMate.com Insurance Information Resources

Terrorism and political violence call for review of insurance strategy

There could be some value in purchasing political violence and terrorism insurance only, but political risk insurance can offer broader coverage.
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Terrorism and political violence call for review of insurance strategy was originally posted by ClaimsMate.com Insurance Information Resources

Terrorism and political violence call for review of insurance strategy

There could be some value in purchasing political violence and terrorism insurance only, but political risk insurance can offer broader coverage.
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Terrorism and political violence call for review of insurance strategy was originally posted by ClaimsMate.com Insurance Information Resources

Chinese Government Asks Anbang Insurance to Sell Overseas Assets: Sources

Chinese authorities have asked Anbang Insurance Group Co., the insurer whose chairman was detained in June, to sell its overseas assets, according to people familiar with the matter. The government has also asked Anbang to bring the proceeds back to …
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Chinese Government Asks Anbang Insurance to Sell Overseas Assets: Sources was originally posted by ClaimsMate.com Insurance Information Resources

Broker THB Taps Botelho from Universal Seguros to Bolster Reinsurance Team

THB, the London-based specialist insurance and reinsurance broker, announced the appointment of Rodrigo Botelho as director, European division, from Oct. 1, 2017. Based in THB’s Amsterdam office, Botelho’s duties will include targeting new markets in the Portuguese-speaking countries of Africa. …
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Broker THB Taps Botelho from Universal Seguros to Bolster Reinsurance Team was originally posted by ClaimsMate.com Insurance Information Resources

Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arranagement

Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by the Lloyd’s Franchise Board to establish a special purpose arrangement (SPA). The SPA will support a portfolio of contingency and …
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Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arranagement was originally posted by ClaimsMate.com Insurance Information Resources

Fosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A

Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is necessary to take to protect the economy. “The recent scrutiny on overseas investments …
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Fosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A was originally posted by ClaimsMate.com Insurance Information Resources

Sunday, July 30, 2017

Police Video: Florida Officer Told Venus Williams She Caused Fatal Crash

A police officer told tennis star Venus Williams she likely caused a crash in Florida that fatally injured an elderly man last month but didn’t cite her, saying it appeared the actions of a third driver left her in a …
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Police Video: Florida Officer Told Venus Williams She Caused Fatal Crash was originally posted by ClaimsMate.com Insurance Information Resources

West Virginia Floods Prompt State of Emergency

West Virginia Gov. Jim Justice declared a state of emergency Saturday for parts of northern West Virginia with flooding from heavy rains. Counties included in the Saturday morning declaration are Ohio, Marshall, Wetzel, Marion, Monongalia and Harrison. According to the …
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West Virginia Floods Prompt State of Emergency was originally posted by ClaimsMate.com Insurance Information Resources

New Side ‘A’ D&O Policy Available from Starr Companies

Starr Companies has introduced an enhanced Directors & Officers policy, providing additional protection for directors, officers, trustees, governors, management committee members or board of managers members for decisions made within the scope of their designated roles. Often referred to as …
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New Side ‘A’ D&O Policy Available from Starr Companies was originally posted by ClaimsMate.com Insurance Information Resources

The 3 risks every insurance sales producer must face

There is nothing in sales that doesn’t require a certain level of risk.
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The 3 risks every insurance sales producer must face was originally posted by ClaimsMate.com Insurance Information Resources

Friday, July 28, 2017

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 …
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California Commissioner Takes Aim at Oil, Coal Producing States was originally posted by ClaimsMate.com Insurance Information Resources

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, …
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Disaster Declaration OK’d for 16 Oklahoma Counties was originally posted by ClaimsMate.com Insurance Information Resources

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 …
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Ohio State Fair Reopens Without Amusement Rides was originally posted by ClaimsMate.com Insurance Information Resources

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 …
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Texas Senate OKs Bill That Preempts Local Texting While Driving Rules was originally posted by ClaimsMate.com Insurance Information Resources

What bugs consumers about their insurance companies?

What most upsets consumer about their insurance companies? There may be different answers in different states, but now we know how consumers feel in one state in particular.
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What bugs consumers about their insurance companies? was originally posted by ClaimsMate.com Insurance Information Resources

Regulating unmanned aviation and transferring risk

The annual premium cost to insure a drone operator and the actual drone can total less than $1,000.
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Regulating unmanned aviation and transferring risk was originally posted by ClaimsMate.com Insurance Information Resources

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 …
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Verisk to Acquire Merchant Payments Risk Platform G2 Web Services was originally posted by ClaimsMate.com Insurance Information Resources

Federal Uncertainty Could Impact Pennsylvania Individual Market, Miller Says

Pennsylvania insurers are seeking a statewide average rate increase of 8.8 percent for individual plans and 6.7 percent for small group plans, but this could be adversely affected by actions taken by the Trump Administration or Congress against the Affordable …
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Federal Uncertainty Could Impact Pennsylvania Individual Market, Miller Says was originally posted by ClaimsMate.com Insurance Information Resources

Woman Injured After Fall From Delaware Boardwalk Ride

A woman has been hospitalized after falling from a ride at a boardwalk amusement park in Delaware. WXDE reported that the 49-year-old woman suffered lacerations to her head and complained of pain on her left side. The incident occurred Monday …
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Woman Injured After Fall From Delaware Boardwalk Ride was originally posted by ClaimsMate.com Insurance Information Resources

Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding

As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work toward fair and speedy resolution of …
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Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding was originally posted by ClaimsMate.com Insurance Information Resources

Pennsylvania’s KMRD Partners Hires Salmon to Risk Management Team

KMRD Partners, a Warrington, Penn.-based boutique risk management and human capital solutions firm, has hired Kirk Salmon to its risk management team. As a sales and relationship manager, Salmon will work closely with select prospects to evaluate their current risk …
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Pennsylvania’s KMRD Partners Hires Salmon to Risk Management Team was originally posted by ClaimsMate.com Insurance Information Resources

French Firefighters Begin to Contain Wildfires

French authorities are close to containing one of the fiercest blazes to break out during four days of wildfires in the country’s southeast that have led to the evacuation of more than 12,000 people. The fires in Bormes-les-Mimosas calmed Thursday morning because …
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French Firefighters Begin to Contain Wildfires was originally posted by ClaimsMate.com Insurance Information Resources

Wells Fargo Insurance Accuses Failed Bidder Alliant of Poaching Executives

Alliant Insurance Services Inc. is using confidential information obtained during a failed bid for Wells Fargo & Co.’s commercial insurance business to poach top sales executives, according to a lawsuit filed by a Wells Fargo unit. The lawsuit, filed on Wednesday in Delaware’s Court …
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Wells Fargo Insurance Accuses Failed Bidder Alliant of Poaching Executives was originally posted by ClaimsMate.com Insurance Information Resources

How insurers can stay relevant in an era of disruption

The digital era brings new challenges to which brokers must adapt.
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How insurers can stay relevant in an era of disruption was originally posted by ClaimsMate.com Insurance Information Resources

ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson

Non-life insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, according to a report by Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. …
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ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson was originally posted by ClaimsMate.com Insurance Information Resources

Court rules on meaning of homeowner's water 'leakage' insurance exclusion

A little bit of dripping water is a 'leak.' But can the volume ever be too much for the drip to be something other than a leak for purposes of an exclusion in a homeowner’s policy?
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Court rules on meaning of homeowner's water 'leakage' insurance exclusion was originally posted by ClaimsMate.com Insurance Information Resources

Court rules on meaning of homeowner's water 'leakage' insurance exclusion

A little bit of dripping water is a 'leak.' But can the volume ever be too much for the drip to be something other than a leak for purposes of an exclusion in a homeowner’s policy?
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Court rules on meaning of homeowner's water 'leakage' insurance exclusion was originally posted by ClaimsMate.com Insurance Information Resources

FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region

FM Global, the Johnston, R.I.-based commercial property insurer, has made key changes to its management team, moving Stefano Tranquillo and David M. Johnson into new roles in EMEA/Asia Pacific and the Asia region. Stefano Tranquillo has been appointed senior vice …
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FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region was originally posted by ClaimsMate.com Insurance Information Resources

Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations

Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile sandbags in front of their homes to protect themselves from a swollen river. The center of the town of Goslar, in the …
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Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations was originally posted by ClaimsMate.com Insurance Information Resources

Democratic Republic of Congo to Open $500M Insurance Industry to Investors

The Democratic Republic of Congo’s insurance regulator is preparing to open up an industry for the first time that could be worth as much as $500 million a year to investors. The newly created Insurance Regulatory Authority, known by the …
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Democratic Republic of Congo to Open $500M Insurance Industry to Investors was originally posted by ClaimsMate.com Insurance Information Resources

Federal Class Action Securities Fraud Filings Set Historic Pace

Federal class action securities fraud filings hit a record pace in the first half of 2017. Over the past six months, plaintiffs initiated 226 securities fraud class actions in federal court, more than in any equivalent period since enactment of …
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Federal Class Action Securities Fraud Filings Set Historic Pace was originally posted by ClaimsMate.com Insurance Information Resources

Florida CFO: Consumer Helpline Recovered $16.6M During First Half of 2017

Assistance provided by insurance experts working Florida’s Insurance Consumer Helpline led to the recovery of more than $16.6 million during the first half of 2017, according to a statement by Chief Financial Officer Jimmy Patronis. Helpline experts answered more than …
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Florida CFO: Consumer Helpline Recovered $16.6M During First Half of 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Thursday, July 27, 2017

1 Dead, Several Hurt in Ride Malfunction at Ohio State Fair

At least one person was killed and several others injured when a ride malfunctioned on opening day of the Ohio State Fair, fire officials said. Some of the victims were thrown from the Fire Ball ride when it malfunctioned Wednesday …
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1 Dead, Several Hurt in Ride Malfunction at Ohio State Fair was originally posted by ClaimsMate.com Insurance Information Resources

Independent Insurance Agents of Texas Names New Board Members, Top Young Agent

The Independent Insurance Agents of Texas (IIAT) elected William Page of Wortham Insurance in Austin; Brad Hempkins of Hempkins Insurance in Allen; and Nathan Sawyer of Sawyer & Associates in Monahans to its board of directors during the association’s recent …
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Independent Insurance Agents of Texas Names New Board Members, Top Young Agent was originally posted by ClaimsMate.com Insurance Information Resources

ONI Risk Partners Acquires Green Owens Insurance in Indiana

ONI Risk Partners (ONI), headquartered in Indianapolis, Ind., is acquiring Franklin, Ind.-based Green Owens Insurance (Green Owens). In business since 1979, the Green Owens team joins ONI’s 300-plus insurance professionals serving business and individual clients throughout Indiana, Illinois and Kentucky. …
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ONI Risk Partners Acquires Green Owens Insurance in Indiana was originally posted by ClaimsMate.com Insurance Information Resources

Chicago’s OPTIS Partners: Insurance Agency Mergers, Acquisitions Still Going Strong

Mergers and acquisitions (M&As) among North American insurance agencies continued at a strong pace during the second quarter of 2017, with 135 reported transactions in the second three months of 2017, Chicago-based OPTIS Partners reports. There were 185 deals in …
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Chicago’s OPTIS Partners: Insurance Agency Mergers, Acquisitions Still Going Strong was originally posted by ClaimsMate.com Insurance Information Resources

Report: Climate Change May Pose Threat to Nation’s Electric Grid

Climate change may pose a serious risk to the nation’s electric grid, according to a new report. The report was prepared by Johns Hopkins University with help from Swiss Re. “Lights out: The risks of climate and natural disaster related …
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Report: Climate Change May Pose Threat to Nation’s Electric Grid was originally posted by ClaimsMate.com Insurance Information Resources

Court enforces $4.8M in insurance coverage for email scam

N.Y. judge rules the losses a company suffered when an imposter tricked its accounts payable department into wiring money are covered by computer fraud provisions in its insurance policy.
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Court enforces $4.8M in insurance coverage for email scam was originally posted by ClaimsMate.com Insurance Information Resources

Court enforces $4.8M in insurance coverage for email scam

N.Y. judge rules the losses a company suffered when an imposter tricked its accounts payable department into wiring money are covered by computer fraud provisions in its insurance policy.
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Court enforces $4.8M in insurance coverage for email scam was originally posted by ClaimsMate.com Insurance Information Resources

Raging Wildfires on French Riviera Force Evacuation of 12,000 People

French authorities ordered the evacuation of up to 12,000 people around a picturesque hilltop town in the southern Cote d’Azur region as fires hopscotched around the Mediterranean coast for a third day Wednesday. A raging wildfire began late Tuesday in …
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Raging Wildfires on French Riviera Force Evacuation of 12,000 People was originally posted by ClaimsMate.com Insurance Information Resources

Allianz's P&C operating profits rose 28% in Q2

As Allianz SE CEO Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims, rewarded his strategy.
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Allianz's P&C operating profits rose 28% in Q2 was originally posted by ClaimsMate.com Insurance Information Resources

Allianz's P&C operating profits rose 28% in Q2

As Allianz SE CEO Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims, rewarded his strategy.
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Allianz's P&C operating profits rose 28% in Q2 was originally posted by ClaimsMate.com Insurance Information Resources

TCOR Management’s Dudney to Chair Texas Independent Insurance Agents Group

The Independent Insurance Agents of Texas (IIAT) elected Rick Dudney of TCOR Management in New Braunfels to serve as chairman for 2017-2018 during IIAT’s 120th Annual Conference and Trade Show in Fort Worth. Dudney entered insurance in 1997 as a …
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TCOR Management’s Dudney to Chair Texas Independent Insurance Agents Group was originally posted by ClaimsMate.com Insurance Information Resources

Insurance Fraud Charge Filed Against North Dakota Man

North Insurance Commissioner Jon Godfread said an insurance fraud charge has been filed against Joshua Kadrmas, of Mandan, ND. The department’s report stated that Kadrmas indicated to his insurance company that he hit a deer while on his motorcycle causing …
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Insurance Fraud Charge Filed Against North Dakota Man was originally posted by ClaimsMate.com Insurance Information Resources

Trying to Kill Bug, Kansas Woman Sets Apartment on Fire

An eastern Kansas woman accidentally has set her apartment on fire in an attempt to kill a bug by burning it with a small, flip-style lighter. Officials estimate that the fire caused $140,000 in damage Monique Quarles told The Topeka …
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Trying to Kill Bug, Kansas Woman Sets Apartment on Fire was originally posted by ClaimsMate.com Insurance Information Resources

16 Vacant Homes Torched in Arson Fires in Missouri Town

Fire officials in the southeast Missouri town of Poplar Bluff are investigating a rash of arson fires at vacant homes. The Poplar Bluff Daily American Republic reports that 16 vacant houses have been set on fire since February. The locations …
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16 Vacant Homes Torched in Arson Fires in Missouri Town was originally posted by ClaimsMate.com Insurance Information Resources

Ohio’s High Court Again Upholds Cities’ Use of Traffic Cameras

The Ohio Supreme Court on July 26 upheld cities’ use of traffic camera enforcement for a third time, striking down as unconstitutional legislative restrictions that included requiring a police officer to be present. The ruling was 5-2 in support of …
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Ohio’s High Court Again Upholds Cities’ Use of Traffic Cameras was originally posted by ClaimsMate.com Insurance Information Resources

Uncovering silent cyber risk

There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.
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Uncovering silent cyber risk was originally posted by ClaimsMate.com Insurance Information Resources

Tuesday, July 25, 2017

Washington state moves to outlaw distracted driving

Washington State just enacted the E-DUI, a ticket for drivers who use a hand-held cell phone while driving.
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Washington state moves to outlaw distracted driving was originally posted by ClaimsMate.com Insurance Information Resources

Bare-bones insurance coverage complaint moves forward

Despite recent decisions by the U.S. Supreme Court, it still appears possible to have a relatively bare-bones insurance coverage complaint withstand an insurer’s motion to dismiss.
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Bare-bones insurance coverage complaint moves forward was originally posted by ClaimsMate.com Insurance Information Resources

Allstate’s Kennelly Joins Hub International as Head of Human Resources

Chicago-based global insurance brokerage Hub International Limited (Hub) has appointed Amber Kennelly chief human resources officer. Kennelly will be responsible for all HUB human resource strategic initiatives including talent acquisition and management, learning and development, employee relations, compensation, employee benefits …
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Allstate’s Kennelly Joins Hub International as Head of Human Resources was originally posted by ClaimsMate.com Insurance Information Resources

Houston Manufacturer Sued for Race Discrimination

Federal officials have sued Champion Fiberglass Inc., a Houston-area manufacturing company, saying the company violated federal anti-discrimination laws by engaging in systemic discrimination against non-Hispanic applicants. The lawsuit filed by the Equal Employment Opportunity Commission (EEOC) charges that a class …
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Houston Manufacturer Sued for Race Discrimination was originally posted by ClaimsMate.com Insurance Information Resources

Michigan Franchise Operator Sued for not Providing Religious Accommodation

Sleneem Enterprises LLC, a franchise operator of Tim Horton’s Café and Bake Shop in Romulus, Mich., has been sued by federal officials for allegedly failing to provide religious accommodation to an employee. According to the U.S. Equal Employment Opportunity Commission …
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Michigan Franchise Operator Sued for not Providing Religious Accommodation was originally posted by ClaimsMate.com Insurance Information Resources

Containment on Massive California Fire Increases

A fire that has burned 63 homes and dozens of other structures is now 65 percent contained, authorities said. The fire near California’s Yosemite National Park has burned 78,900 acres, and is still threatening 1,500 structures. Evacuation orders remain in …
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Containment on Massive California Fire Increases was originally posted by ClaimsMate.com Insurance Information Resources

GBS Benefits Acquires Volk & Associates in Colorado

Longmont, Colo.-based Volk & Associates has been purchased by GBS Benefits, a member of Leavitt Group. The deal will allow Volk & Associates to provide greater benefits resources for their clients. Volk & Associates has operated as ah insurance and …
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GBS Benefits Acquires Volk & Associates in Colorado was originally posted by ClaimsMate.com Insurance Information Resources

G.F.H. Insurance Acquires Peyton, Cheely and Woodle Insurance in Virginia

G.F.H. Insurance Agency Inc., a Richmond, Va.-headquartered insurance broker, has acquired Peyton, Cheely and Woodle Insurance of Richmond, Va., effective June 12, 2017. Terms of the acquisition were not disclosed. Peyton, Cheely and Woodle has a long history in the …
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G.F.H. Insurance Acquires Peyton, Cheely and Woodle Insurance in Virginia was originally posted by ClaimsMate.com Insurance Information Resources

Blaze Rips Through Massachusetts Apartment Complex Under Construction

Fire officials say a blaze tore through an apartment complex under construction in Massachusetts. Waltham Fire Chief Paul Ciccone says the complex’s five buildings collapsed in the early Sunday fire. Ciccone says none of the neighboring buildings caught fire. Crews …
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Blaze Rips Through Massachusetts Apartment Complex Under Construction was originally posted by ClaimsMate.com Insurance Information Resources

Maine Legislative Panel Mulls Raising 10 Percent Tax on Marijuana

As the legalization of recreational marijuana sales in Maine nears, a legislative panel has spent months pondering the best way to tax pot to bring in state revenue, fund regulatory enforcement and discourage the illicit market. In November, legalization of …
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Maine Legislative Panel Mulls Raising 10 Percent Tax on Marijuana was originally posted by ClaimsMate.com Insurance Information Resources

Ironshore International Names Ethirajan as COO; Retains Role as IronServe’s COO

Ironshore International has appointed Krishnan Ethirajan to serve as chief operating officer. He will retain his current role as chief operations officer of IronServe Inc., a global operations unit that delivers a range of specialized underwriting, finance and technological support …
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Ironshore International Names Ethirajan as COO; Retains Role as IronServe’s COO was originally posted by ClaimsMate.com Insurance Information Resources

AXA to Provide Accident Cover for Uber Drivers in France

Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment. In France, as in other countries, Uber has been challenged …
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AXA to Provide Accident Cover for Uber Drivers in France was originally posted by ClaimsMate.com Insurance Information Resources

Bare-bones insurance coverage leads to successful breach of contract lawsuit

Despite recent decisions by the U.S. Supreme Court, it still appears possible to have a relatively bare-bones insurance coverage complaint withstand an insurer’s motion to dismiss.
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Bare-bones insurance coverage leads to successful breach of contract lawsuit was originally posted by ClaimsMate.com Insurance Information Resources

New Terror, Cyber Threats Create Coverage Gaps: CEO of UK’s Pool Re

Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime. That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K. government-linked body that backstops insurers …
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New Terror, Cyber Threats Create Coverage Gaps: CEO of UK’s Pool Re was originally posted by ClaimsMate.com Insurance Information Resources

Mississippi Woman Charged With Insurance Fraud for Lying About Fall at Walmart

A 59-year-old Mississippi woman has been indicted on criminal charges, with prosecutors saying she lied when she reported falling at a Walmart store. State Attorney General Jim Hood said Friday that Dianne Bullock of Jackson is charged with one count …
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Mississippi Woman Charged With Insurance Fraud for Lying About Fall at Walmart was originally posted by ClaimsMate.com Insurance Information Resources

U.S. Building Owners Reviewing Structural Materials After London Tower Blaze

U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday. An Associated Press review …
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U.S. Building Owners Reviewing Structural Materials After London Tower Blaze was originally posted by ClaimsMate.com Insurance Information Resources

MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators

Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms put in place in response to …
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MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators was originally posted by ClaimsMate.com Insurance Information Resources

Ryan Specialty Group to Acquire N-Surance Outlets of Florida

Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. NSO will become part of R-T Specialty, LLC (RT Specialty), the wholesale …
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Ryan Specialty Group to Acquire N-Surance Outlets of Florida was originally posted by ClaimsMate.com Insurance Information Resources

XS Brokers Expands Into Southeast; Hires Ault to Lead New Florida Office

XS Brokers, an independent insurance brokerage in New England, has expanded the company into the Southeast, opening a new office in Orlando and hiring Lori Ault as executive vice president and territorial manager. The firm now has five offices, including …
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XS Brokers Expands Into Southeast; Hires Ault to Lead New Florida Office was originally posted by ClaimsMate.com Insurance Information Resources

Answer Financial Expands Insurance Comparison Site Into Homeowners Segment

Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare rates and customize coverages from multiple homeowner insurers online. Answer represents a …
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Answer Financial Expands Insurance Comparison Site Into Homeowners Segment was originally posted by ClaimsMate.com Insurance Information Resources

Monday, July 24, 2017

Hurricane preparation: Be sure to be insured

It’s been 10 years since a devastating hurricane has hit the Southeast. Here’s how agents can advise clients who haven’t experienced the kinds of storms that can strike the region.
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Hurricane preparation: Be sure to be insured was originally posted by ClaimsMate.com Insurance Information Resources

Crest Insurance Group Acquires Troon in Arizona

Crest Insurance Group LLC has acquired Tucson, Ariz.-based Troon Insurance Services. Terms of the deal were not disclosed. Troon was founded by Clebern Best and has been serving the Greater Phoenix area for 20 years. Crest has Arizona offices in Tucson, …
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Crest Insurance Group Acquires Troon in Arizona was originally posted by ClaimsMate.com Insurance Information Resources

Chicago’s Chubb Workplace Benefits Promotes Wayland to Sr. VP

Chubb Workplace Benefits in Chicago has promoted Jon Wayland to senior vice president of sales. Wayland has 30 years of insurance industry experience and previously served as vice president of brokerage channel sales. In his new position, Wayland will continue …
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Chicago’s Chubb Workplace Benefits Promotes Wayland to Sr. VP was originally posted by ClaimsMate.com Insurance Information Resources

Louisiana’s Centauri National Insurance Earns Demotech ‘A’ Rating

Louisiana-based Centauri National Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of …
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Louisiana’s Centauri National Insurance Earns Demotech ‘A’ Rating was originally posted by ClaimsMate.com Insurance Information Resources

Louisiana Plans Multiple Storm Mitigation Projects

Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. Gov. John Bel Edwards is traveling the state to announce …
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Louisiana Plans Multiple Storm Mitigation Projects was originally posted by ClaimsMate.com Insurance Information Resources

Houston’s Dean & Draper Promotes Smith to Leadership Team

Houston-based Dean & Draper Insurance Agency LP has promoted Stephen B. Smith to executive vice president, chief operating officer and limited partner over its group of agencies. For the past year Smith has served as executive vice president of Soules …
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Houston’s Dean & Draper Promotes Smith to Leadership Team was originally posted by ClaimsMate.com Insurance Information Resources

Ohio County Spends $200K on Cyber Insurance

The Ohio county that includes the capital city of Columbus is spending $200,000 on an insurance policy to cover cyberattacks. The Columbus Dispatch reports Franklin County’s $10 million policy will provide protection for the increasing worldwide threat. The Franklin County …
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Ohio County Spends $200K on Cyber Insurance was originally posted by ClaimsMate.com Insurance Information Resources

Educating homeowners about home-sharing insurance coverage

A new survey from Assurant shows that homeowners need help from the insurance industry in understanding coverage before they decide to share their home with strangers.
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Educating homeowners about home-sharing insurance coverage was originally posted by ClaimsMate.com Insurance Information Resources

Firefighters Gain Ground on California Fire

Firefighters are bracing for the possibility of dry lightning as they battle a stubborn blaze that has scorched nearly 120 square miles near California’s Yosemite National Park. The wildfire burning in the Sierra Nevada foothills was 50 percent contained Monday. …
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Firefighters Gain Ground on California Fire was originally posted by ClaimsMate.com Insurance Information Resources

$3.1M Sex Abuse Suit Filed by Former Alter Boy Against Oregon Church

A former altar boy at a Portland, Ore. church has filed a $3.1 million lawsuit against the church contending he was repeatedly sexually abused by a choir director in the early 1960s. The Oregonian/OregonLive reported that the Portland man now …
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$3.1M Sex Abuse Suit Filed by Former Alter Boy Against Oregon Church was originally posted by ClaimsMate.com Insurance Information Resources

Colorado Wildfire Evacuation Order Lifted in Foothills

Authorities have lifted evacuations prompted by a wildfire burning near a heavily populated area in Colorado. The fire burned almost half a square mile of brush-covered foothills south of Fort Collins, triggering an evacuation south of Horsetooth Reservoir that was …
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Colorado Wildfire Evacuation Order Lifted in Foothills was originally posted by ClaimsMate.com Insurance Information Resources

Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report

Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson and CB …
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Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report was originally posted by ClaimsMate.com Insurance Information Resources

UK Faces Future of Record-Breaking Wet Winters, Floods: New Climate Models

Britain faces a future of record-breaking wet winters, potentially leading to more of the widespread flooding seen in recent years, according to new modeling that incorporates changing climate patterns. England and Wales now have a 34 percent chance of record …
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UK Faces Future of Record-Breaking Wet Winters, Floods: New Climate Models was originally posted by ClaimsMate.com Insurance Information Resources

Experts Examine Quake Damage on Greek Island of Kos

Crews of experts began examining the damage to cultural monuments and infrastructure on the eastern Greek island of Kos on Saturday, a day after a powerful earthquake killed two tourists and injured nearly 500 others in the Aegean Sea region …
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Experts Examine Quake Damage on Greek Island of Kos was originally posted by ClaimsMate.com Insurance Information Resources

Brit Global Specialty Assumes Renewals for Legacy Catlin’s U.S. Yacht Business

Brit Global Specialty USA  said it has reached an agreement for the exclusive renewal rights for part of XL Catlin’s directly written yacht portfolio. The agreement relates to legacy policies written by Catlin, prior to its acquisition by XL. BGSU …
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Brit Global Specialty Assumes Renewals for Legacy Catlin’s U.S. Yacht Business was originally posted by ClaimsMate.com Insurance Information Resources

Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform

Specialist insurer Markel International has appointed Deepika Mathur to lead its entry into the Indian market. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and business will be written through the Lloyd’s India platform, based in Mumbai. The business …
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Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform was originally posted by ClaimsMate.com Insurance Information Resources

AIR Worldwide Launches Severe Thunderstorm Model for Australia

Catastrophe risk modeling firm AIR Worldwide announced it has released a severe thunderstorm model for Australia, which captures all three sub-perils – hail, tornado and straight-line wind – to help companies assess and manage severe thunderstorm risk. The AIR Severe …
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AIR Worldwide Launches Severe Thunderstorm Model for Australia was originally posted by ClaimsMate.com Insurance Information Resources

Man Indicted in Scheme to Sell Paintings from Massachusetts Art Heist

A Boston federal jury has indicted a West Virginia man on charges he tried to sell paintings he did not have access to and falsely claimed were stolen in the largest art heist in U.S. history. Prosecutors allege that 47-year-old …
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Man Indicted in Scheme to Sell Paintings from Massachusetts Art Heist was originally posted by ClaimsMate.com Insurance Information Resources

Maryland Plans Lawsuit Against EPA Under Clean Air Act

Republican Gov. Larry Hogan’s administration announced plans Thursday to sue the Environmental Protection Agency, if the agency doesn’t respond to Maryland’s request to make sure power plants in neighboring states use pollution controls. Ben Grumbles, secretary of the Maryland Department …
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Maryland Plans Lawsuit Against EPA Under Clean Air Act was originally posted by ClaimsMate.com Insurance Information Resources

New Jersey’s Brooks Insurance Agency Hires Hoover

Brooks Insurance Agency, a Manalapan, N.J.-based multi-line wholesale insurance agency, has hired Ben Hoover as vice president and broker. Hoover joins the team with a commitment to providing the best service to current and future clients as Brooks Insurance Agency …
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New Jersey’s Brooks Insurance Agency Hires Hoover was originally posted by ClaimsMate.com Insurance Information Resources

Renter households reach 50-year high

The Pew Research Center’s analysis of Census Bureau data found that renter household percentages have increased since 2006 across a variety of demographic factors.
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Renter households reach 50-year high was originally posted by ClaimsMate.com Insurance Information Resources

Tennessee Family Files Suit Over Ferris Wheel Accident

A family whose daughters were injured when they fell from a Ferris wheel at a Tennessee county fair has filed lawsuits against the ride’s owners and manufacturer. News outlets report the Reynolds family and Lorena Cowhy, another woman who was …
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Tennessee Family Files Suit Over Ferris Wheel Accident was originally posted by ClaimsMate.com Insurance Information Resources

5th Person Dies From Injuries Caused by Florida Power Plant Accident

An accident at a Florida power plant last month has claimed a fifth life. BRACE Industrial Group said its employee, 56-year-old Armando Perez, died Thursday of injuries he sustained in the June 29 accident at the Tampa Electric Big Bend …
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5th Person Dies From Injuries Caused by Florida Power Plant Accident was originally posted by ClaimsMate.com Insurance Information Resources