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News – Insurance Journal

04/20/2018 12:49 PM
Business Risk Partners Partners With Aspen on Agents Professional Liability Coverage
Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The policy targets a range of insurance agents and brokers – …

04/20/2018 12:44 PM
Woman Injured at Ohio Fair Gets $1.8M from Ride Owner, Inspection Companies
A woman who suffered a traumatic brain injury in a thrill ride accident at last year’s Ohio State Fair will receive $1.8 million. A judge this week approved the settlement that calls for the ride’s owner, Amusements of America, and …

04/20/2018 12:38 PM
Houston-Area Flood Control District: $155M Needed for Harvey Damage Study, Repairs
The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey. Workers this week are assessing the storm’s destruction to the Harris County Flood Control District’s 2,500 miles of bayous, creeks and …

04/20/2018 12:34 PM
Firefighters Hope Better Weather Will Aid Oklahoma Wildfire Fight
Firefighters are hoping higher humidity and milder winds will help them fight wildfires in Oklahoma, though conditions are critical in Arizona and New Mexico. U.S. Forest Service spokesman Todd Schroeder said on April 19 that a fire near Leedey, about …

04/20/2018 12:33 PM
Florida Lawyer Gets Prison for $23M Auto Insurance Fraud Scheme
A Florida man has been sentenced to more than a year in prison for his role in a $23 million auto insurance fraud involving chiropractors’ clinics. The SunSentinel reports 55-year-old Jason Dalley wept in court April 16 as a judge …

04/20/2018 12:30 PM
6 Students Injured in Florida School Bus, Semi Collision
A school bus and a semitractor-trailer collided in Florida, slightly injuring six high school students. News outlets report the bus was carrying about 18 students when it crashed Wednesday in Brooksville, about 50 miles (80 kilometers) north of Tampa. The …

04/20/2018 12:29 PM
Louisiana Man Admits Setting 9 Fires in Neighborhood, Gets 2 Years
A 44-year-old Louisiana man has admitted setting nine fires in his neighborhood — the last six on his own street. Authorities say he confessed while being interviewed about the last fire, which was set in a car outside his home. …

04/20/2018 12:29 PM
West Virginia Regulators Monitoring Collapsed Section of Dam
West Virginia regulators are monitoring a damaged dam in the northern part of the state that could potentially fail. The state Department of Environmental Protection says in a news release a worker with the town of Lumberport notified authorities Wednesday …

04/20/2018 12:26 PM
German Prosecutors Eye Investigation of Auto Supplier Bosch over Emissions Scandal
German prosecutors may widen an investigation into auto supplier Robert Bosch over its suspected involvement in emissions test cheating to include dealings with Fiat, Ford, General Motors and Hyundai, according to the Stuttgart public prosecutor’s office. German weekly der Spiegel …

04/20/2018 12:26 PM
Tractors Worth $50K Stolen from Scottie Pippen’s Arkansas Farm
Authorities in rural Arkansas are investigating the theft of more than $50,000 worth of equipment from a farm owned by former NBA star Scottie Pippen. Investigator Mark Griever of the Ashley County Sheriff’s Office says two tractors were stolen from …

04/20/2018 12:23 PM
Wisconsin Governor Requests Federal Waiver for Reinsurance Program
Gov. Scott Walker’s administration filed a request with the federal government seeking a waiver that would allow Wisconsin to offer a $200 million reinsurance program designed to lower premiums and attract more providers to the private marketplace. Walker told reporters …

04/20/2018 12:21 PM
How Insurance Brokers, Risk Managers View the Political Dysfunction in Washington
Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That also happens to be the very …

04/20/2018 12:21 PM
Ratings Outlooks Revised to Positive for Michigan’s AmeriTrust Insurance Group
Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the members of the AmeriTrust Insurance Group …

04/20/2018 11:16 AM
Five New York Residents Charged in More Than $31.7M Fraud Scheme
Five New York residents have been arrested in a staged slip-and-fall accident scheme that attempted to defraud New York City-area businesses and their insurance companies of more than $31.7 million. Peter Kalkanis, Bryan Duncan, Kerry Gordon and Ryan Rainford, all …

04/20/2018 11:02 AM
Copperfield Takes Stand in Tourist Injury Case in Nevada
David Copperfield testified this week that he didn’t know until he was sued that a British tourist claimed to have been seriously injured while taking part in an illusion during a performance on the Las Vegas Strip in 2013. Although …

04/20/2018 10:58 AM
Waze Causing L.A. Traffic Headaches, Councilman Wants Legal Action
Los Angeles should consider legal action against Waze over complaints that the traffic navigation app is recklessly guiding motorists off thoroughfares and into residential neighborhoods in search of shorter or quicker routes, a city council member said. Councilman David Ryu …

04/20/2018 10:44 AM
Valen Analytics in Colorado Names Marr President
Denver, Colo.-based Valen Analytics has named Kirstin Marr president of the firm. Dax Craig, who was Valen’s president and CEO since co-founding the company in 2004, will remain with Valen in an advisory role. Marr lead growth and marketing initiatives …

04/20/2018 10:40 AM
Idaho Workers’ Comp Rates to Decrease Another 3.4% in June
The Idaho Department of Insurance has approved a proposal from the National Council on Compensation Insurance for another 3.4 percent decrease to workers’ compensation insurance rates. The decrease is effective for policies issued or renewing after May 31, 2018. This …

04/20/2018 09:12 AM
New York Governor Presses Banks, Insurers to Weigh Risk of NRA Ties
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public interest. Cuomo, a Democrat, noted …

04/20/2018 09:08 AM
Specialty Program Group Launches New Heights Insurance Solutions in Pennsylvania
Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has launched Eastern Pennsylvania-based New Heights Insurance Solutions (New Heights). New Heights President Megan Rose joined SPG as part of its Norman-Spencer Crane acquisition and …

04/20/2018 09:00 AM
W.R. Berkley Names Gilbert as Executive VP, Douglas as President of BerkleyNet
W. R. Berkley Corp. has named James B. Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units. Brian P. Douglas is succeeding Gilbert as president of BerkleyNet Underwriters. Gilbert has 30 years of …

04/20/2018 08:59 AM
New York’s PIA Management Services Hires Lachut
PIA Management Services Inc. has hired Bradford J. Lachut as director of Government and Industry Affairs for the five PIA state affiliates managed by the Glenmont, N.Y.-based group. Lachut previously served as PIA’s government affairs counsel prior to working as …

04/20/2018 08:52 AM
XL’s Vidovich Joins AIG’s General Insurance as Chief Claims Officer
American International Group, Inc. announced that Anthony Vidovich will join the company as chief claims officer for General Insurance, effective May 14, 2018. In this role, Vidovich will be responsible for claims governance and policy, settlement authorities, handling and global …

04/20/2018 08:10 AM
AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uninterrupted UK …

04/20/2018 07:03 AM
Tokio Marine Kiln Forms Strategic Agreement with Australian Insurtech Firm Evari
Tokio Marine Kiln (TMK), the specialist and corporate insurance business, announced it has formed a strategic agreement with Australian insurtech firm Evari. The agreement will allow TMK to access Evari’s digital insurance platform and on-demand products in the Australian market. …

04/20/2018 06:35 AM
Miller Hires RKH’s Denee, Marsh’s Moseley for Its Credit and Political Risks Team
Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for financial institutions. Rosie joins Miller …

04/20/2018 06:07 AM
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …

04/20/2018 01:58 AM
Budde Promoted to Eastern Regions CFO at AssuredPartners
AssuredPartners Inc. has promoted Gerald Budde to Eastern Regions chief financial officer. He is based in Cincinnati, Ohio. Budde will report to newly appointed Eastern Regions President Steve Deal. He started his career with EY and spent 11 years with …

04/20/2018 01:11 AM
Safeco Appoints Pooley as VP, General Manager of Southeast Region
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …

04/20/2018 01:00 AM
How to Make Implants, Pacemakers and Other Medical Devices Safer
U.S. health officials on Tuesday proposed steps to improve the government’s system for overseeing medical devices, which has been criticized for years for failing to catch problems with risky implants and medical instruments. The plan from the Food and Drug …

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