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News – Insurance Journal

06/23/2017 01:34 AM
Protecting Unions Is a Labor of Love for Union Insurance Group
It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve …

06/23/2017 01:02 AM
Highly Contagious Citrus Disease Spreads to Alabama
A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. Federal and state plant officials confirm that citrus greening was found in leaf and insect samples at a home …

06/23/2017 01:00 AM
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers are American International Group, XL Group …

06/23/2017 12:58 AM
North Carolina Senate Passes Legislation to Reduce Opioid Abuse
Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The measure approved Wednesday changes how drugs such as OxyContin and morphine are prescribed and dispensed. The painkillers come with a high …

06/23/2017 12:36 AM
Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates
Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to …

06/23/2017 12:25 AM
Tennessee-Based Reliance Partners Promotes Howell to SVP
Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice president, overseeing HR and Finance. She …

06/22/2017 06:24 PM
12 States Call Out California’s ‘Affront to Sound Insurance Regulation’
It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …

06/22/2017 03:55 PM
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …

06/22/2017 12:51 PM
January, Rupper and Sanders Join RHSB Insurance in Dallas
Dallas-based independent insurance broker RHSB has added Austin January, Dan Rupper and John Sanders as assistant vice presidents. January, AVP employee benefits, is an experienced employee benefits consultant proficient in several functions of human capital management. Prior to joining RHSB, …

06/22/2017 12:40 PM
Ex-Missouri Insurance Director Joins Dentons Law Firm in Kansas City
The global law firm, Dentons, has named John M. Huff as a partner in its insurance regulatory practice. He is based in Kansas City. Huff most recently served as director of the Missouri Department of Insurance, where he oversaw one …

06/22/2017 12:33 PM
Governor Declares State of Emergency for Nebraska Storm-Damaged Areas
Nebraska’s governor has declared a state of emergency for storm-damaged areas of the state. The June 20 declaration by Gov. Pete Ricketts will let the state respond to local governments in the wake of storms that struck both ends of Nebraska last …

06/22/2017 12:32 PM
Arkansas’ Tyson Foods Installs Video, Bird Welfare Checks in Poultry Operations
Tyson Foods has installed video cameras in key areas of its poultry operations and will test new ways to slaughter birds — not in response to previous “gotcha” moments but under a corporate philosophy that notes its role as a …

06/22/2017 12:27 PM
Green Bay Fan Sues Chicago Bears over Sideline Packers Gear Ban
A Green Bay Packers fan is making a federal case out of a dispute with the Chicago Bears, filing a lawsuit accusing the rival team of violating his free-speech rights by prohibiting him from wearing Packers apparel at Bears’ pregame …

06/22/2017 11:36 AM
Senate Republicans Unveil Secret Draft of Their Health Insurance Plan
Senate Republicans’ proposal to replace Obamacare would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace. The plan, released …

06/22/2017 11:25 AM
Norway’s Protector Forsikring Insured Grenfell Tower Fire; Price Tag Debated
Olso-based Protector Forsikring is the insurer of Grenfell Tower, the residential block that was destroyed last week by a raging fire that killed 79 people. “Based on the information we have as of now, the damage is estimated at more …

06/22/2017 11:16 AM
House Committee Adds 5 More Bills to Its Flood Insurance Reform Package
The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire …

06/22/2017 11:04 AM
Report Details Death, Panic in Deadly Ghost Ship Warehouse Fire
Voices screamed out, “Fire!” Suddenly, the lights went out and it got harder to breathe. Many of the 36 people killed in the Ghost Ship warehouse fire in Oakland huddled together in the dark, and that’s where they died of …

06/22/2017 10:57 AM
London Blaze-Tower Built with Cladding Used Across England
About 600 high-rise apartment blocks in England have been fitted with cladding similar to that used on the London tower in which 79 people died in a devastating fire last week, Prime Minister Theresa May’s office said. Tests are being …

06/22/2017 10:53 AM
Dalia Named Chief Financial Officer at California-based Alliant
Newport Beach, Calif.-based Alliant Insurance Services Inc. has named Reshma Dalia to chief financial officer of Alliant’s specialty group. Dalia will work with the management team on operational, financial and strategic growth initiatives for the group. The recently-formed group includes …

06/22/2017 10:45 AM
Chubb’s Crooks Named XL Catlin’s Inland Marine Director in California
XL Catlin has named Russell Crooks as vice president and national inland marine director. Crooks is based in San Francisco. He will liaise with brokers and clients throughout the Western U.S. to address inland marine insurance needs, including motor truck …

06/22/2017 09:32 AM
Pennsylvania Introduces Legislation to Limit Surprise Balance Bills
Pennsylvania House Health and Insurance Committee Chairs Matt Baker and Tina Pickett have introduced legislation to protect health care consumers from surprise balance bills in a move Pennsylvania Insurance Commissioner Teresa Miller has praised. “When patients receive medical care, they …

06/22/2017 09:25 AM
NYC Fire Officials Say Three Workers Injured at Construction Site
Three construction workers were injured in Queens when the roof of a two-story brownstone undergoing renovations collapsed. It happened on 28th Road in Astoria just before 4 p.m. Tuesday. Fire officials say a load of material that had been placed …

06/22/2017 09:12 AM
Confie Completes Two Acquisitions in New York
Confie, a national provider of personal and commercial lines insurance, has completed two acquisitions in New York. In the Bronx, N.Y., area, Confie acquired Tremont Spirit Insurance Inc. Tremont is a provider of non-standard auto insurance. This acquisition serves to …

06/22/2017 09:04 AM
Maine-Based Clark Insurance Elects Cote to Board of Directors
Bret Cote has been elected to the board of directors of Portland, Maine-based Clark Insurance, according to agency president G. Jeffrey Shaw. Cote joined the agency in 2007 and helped establish an office in Manchester, N.H., that now employs ten …

06/22/2017 07:56 AM
UK Plans $1B-Plus Investment in Driverless & Electric Vehicle Technology
The UK government plans to invest more than 800 million pounds ($1 billion) in new driverless and zero-emission vehicle technology as it seeks to boost its economy while leaving the European Union. Investment in research and new recharging infrastructure is …

06/22/2017 07:33 AM
J&J Seizes Supreme Court Ruling on Out-of-State Cases to Fight Talc Cancer Claims
Johnson & Johnson is seizing upon a U.S. Supreme Court ruling from Monday limiting where injury lawsuits can be filed to fight off claims it failed to warn women that talcum powder could cause ovarian cancer. New Jersey-based J&J has been …

06/22/2017 07:17 AM
Officials Say 7 Coal Miner Deaths This Year Raise Questions About Training
Seven U.S. coal miners died in accidents so far this year, most of them with less than a year of experience at that particular job and mine, according to federal officials. In all of last year, eight miners died. Tim …

06/22/2017 07:08 AM
Aon Appoints Marcell to New Position of President of Aon Benfield
Aon Benfield, the reinsurance intermediary and capital adviser of  Aon plc, has appointed Andy Marcell to the new position of president of Aon Benfield. Marcell will begin the role with immediate effect and will report to Eric Andersen, chief executive …

06/22/2017 07:00 AM
Cape Analytics Now Offering Property Data in 8 Additional States
Cape Analytics, a start-up that relies on machine learning, computer vision and geospatial imagery to produce propriety property data for insurance carriers and others, is expanding. After a start in Florida, the California-headquartered company is now offering its data coverage …

06/22/2017 06:51 AM
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union. New investors in the company, which …

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