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News – Insurance Journal

08/16/2019 12:41 PM
In Texas, Higginbotham and Exploration Insurance Group Merge
Fort Worth, Texas-based Higginbotham and Exploration Insurance Group (EIG) have merged their operations in Tyler, Texas. EIG opened in 2013 in Tyler to meet the east Texas region’s growing need for industry specific insurance. The independent seven-person agency brokers commercial …

08/16/2019 12:07 PM
California’s $27.6M Fine Against Mercury Insurance Remains After Court Action
California regulators say a ruling by the state’s highest court means a $27.6 million fine imposed against Mercury Insurance Co. for improperly tacking fees onto auto insurance policies will stand. The California Department of Insurance reported on Aug. 15 that …

08/16/2019 12:03 PM
AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada
AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada to grow …

08/16/2019 11:44 AM
Greek Firefighters Battle Multi-Day Blaze in Nature Reserve
Greek authorities sent reinforcements Thursday to firefighters battling a major forest fire in a nature reserve on the island of Evia as water-dropping aircraft tried to extinguish the flames in a hard-to-reach canyon. On the third day of the fire, …

08/16/2019 11:27 AM
Travelers Names Cohn to New Chief Sustainability Officer Post
The Travelers Cos. has created a new position of chief sustainability officer and named Yafit Cohn to fill the post. Cohn will lead Travelers’ environmental, social and governance (ESG) efforts across the organization and will serve as a member of …

08/16/2019 10:46 AM
Over 400 Sex Abuse Suits Filed in New York as Litigation Window Opens
The Roman Catholic Church, the Boy Scouts, schools and hospitals, the late financier Jeffrey Epstein are some of the targets named in a flurry of sex abuse lawsuits filed Wednesday in New York as the state began accepting cases once …

08/16/2019 09:43 AM
Nepal Government Panel Wants Mount Everest Hikers to Have Experience, Insurance
A Nepal government committee formed after a bad mountaineering season on Mount Everest has recommended requiring climbers to have scaled tall peaks, undergone proper training, and possess certificates of good health and insurance that would cover rescue costs if required. …

08/16/2019 09:33 AM
Women Accuse Opera Star Domingo of Sexual Harassment Over Decades
For decades, Placido Domingo, one of the most celebrated and powerful men in opera, has tried to pressure women into sexual relationships by dangling jobs and then sometimes punishing the women professionally when they refused his advances, numerous accusers told …

08/16/2019 09:30 AM
Native American Tribe Says Showtime’s ‘Billions’ TV Show Defamed Reputation
In the hit Showtime series “Billions,” it seems, everybody’s somebody. Ruthless hedge fund titan Bobby Axelrod evokes Steven A. Cohen, the billionaire founder of SAC Capital Advisors. U.S. Attorney Chuck Rhoades is a Preet Bharara type. And then there’s the …

08/16/2019 09:27 AM
Hundreds of North Carolina Transportation Workers to be Laid Off
North Carolina’s Transportation Department says it’ll lay off hundreds of workers to help cover the ballooning cost of storm damage repairs and legal expenses. News outlets report that layoffs will include contractual and temporary laborers such as those who patch …

08/16/2019 09:20 AM
Brightway Insurance to Open Four Stores in Florida, South Carolina, Colorado
Brightway Insurance will open four new stores in Florida, South Carolina and Colorado on Monday, August 19. Alex McGregor opened Brightway, The McGregor Agency in Deerfield Beach, Fla., Lisa Jewell opened Brightway, The Lisa Jewell Agency in St. Petersburg, Fla., …

08/16/2019 09:18 AM
Two Florida Independent Agencies Join Renaissance Alliance Insurance Services
Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has announced that two Miami, Fla.-based independent insurance agencies have recently joined the Alliance. Gil & Associates Insurance Consultants Inc., a family-owned and operated independent agency established in 2004, …

08/16/2019 09:14 AM
Deaths of Soccer Star Sala and Pilot Linked to Carbon Monoxide Leak in Plane
Argentine soccer player Emiliano Sala and his pilot were exposed to dangerous levels of carbon monoxide before their small plane crashed in the English Channel, killing them both, British accident investigators said Wednesday. A single-engine Piper Malibu aircraft carrying Sala …

08/16/2019 09:12 AM
Olive Branch Residents Still Recovering Two Months After Flood
Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor called me at 2:30 …

08/16/2019 09:06 AM
Prosecutors Allege Capital One Suspect Hacked 30 Other Companies
The Seattle woman accused of hacking into Capital One Financial Corp.’s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other companies, the U.S. said in a request to keep …

08/16/2019 09:06 AM
Brown & Brown of Massachusetts Acquires Assets of Yozell
Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee and executive benefits products and services. Following …

08/16/2019 09:00 AM
Hub International Limited Acquires Assets of Insurance Center of New England
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Insurance Center of New England Inc. (ICNE). Terms of the transaction were not disclosed. With locations in Agawam and Gardner, Mass., ICNE is a locally owned, independent …

08/16/2019 08:55 AM
42% of $44 Billion Global Catastrophe Losses in First Half Were Insured: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for USD $44 billion of economic losses globally, according to Swiss Re Institute’s preliminary sigma estimates. This figure is well below USD $109 billion, the average first-half …

08/16/2019 08:52 AM
Woodruff Sawyer Adds New England Practice Leader Coady to Board of Directors
Woodruff Sawyer, a U.S. insurance brokerage, has announced that Sean Coady, senior vice president and New England practice leader, has joined the Board of Directors. Prior to joining Woodruff Sawyer, Coady was a co-founder of Capstone Insurance, an independent insurance …

08/16/2019 08:30 AM
Walmart CEO Calls for Congress to Debate Assault Weapons Ban
In the wake of a mass shooting at a Walmart Inc. store, Chief Executive Officer Doug McMillon called for an assault weapons ban to be debated by Congress and said he’s encouraged by growing support for gun-control measures like background …

08/16/2019 08:25 AM
Insured Losses in China from Typhoon Lekima Will Exceed CNY 6 Billion: AIR
Catastrophe risk modeling firm AIR Worldwide estimates insured losses in China from Typhoon Lekima will exceed CNY 6 billion. Lekima made landfall in Taizhou, Zhejiang, China, at 2 a.m. on August 10 local time, with JMA-estimated 1-minute sustained wind speeds …

08/16/2019 06:51 AM
Facebook Warned Its Employees, Not Users, About 2018 Breach, Lawsuit Says
Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. …

08/16/2019 01:56 AM
Outside Inspectors Find Tree Hazards That PG&E Contractors Overlooked
PG&E Corp.’s court-appointed compliance monitor concluded the utility isn’t trimming trees that pose wildfire threats in high-risk areas of California and didn’t train its contractors properly. The monitor, Mark Filip, on Wednesday wrote to U.S. District Judge William Alsup, saying …

08/16/2019 01:48 AM
Family of Teen Who Died Trapped in Car Sues Cincinnati Over 911 Response
The family of a 16-year-old student who died trapped in a vehicle after a failed response to his two heartrending 911 calls has sued the city of Cincinnati, Ohio. The wrongful death lawsuit filed in Hamilton County charges the city, …

08/16/2019 01:37 AM
Service American Indemnity Hires Clymer as New Sr. VP, Program Business
Service American Indemnity Co., an Austin, Texas-based national provider of program services, has added Jacob Clymer as senior vice president of Program Business, responsible for leading the growth of the company’s emerging program business. He will also serve as a …

08/16/2019 01:30 AM
Risk Strategies Appoints Black to Lead National Professional Liability Practice
Risk Strategies, a privately held, national insurance brokerage and risk management firm, named Darren Black to oversee its national professional liability practice group. He is based in Kansas City, Missouri. Black joins Risk Strategies after having led the professional services …

08/16/2019 01:28 AM
Insurance Broker, Assurance, Relocates Illinois Headquarters
Citing a 15-year organic growth trajectory and commitment to an engaging and collaborative employee culture, the national insurance brokerage, Assurance, announced it has moved its headquarters down the street to a new 75,000 square foot space at 20 North Martingale …

08/16/2019 01:18 AM
Texas Still Tops for Hail Claims
Texas ranked as the state with most annual hail claims — by a wide margin — over the past three years according to the National Insurance Crime Bureau (NICB). In a recent media announcement, the NICB, said ta review of …

08/16/2019 01:00 AM
ATTOM Data Solutions in California Puts Notaras of XL Innovate on Board
Irvine, Calif.-based ATTOM Data Solutions has named Martha Notaras to its board of directors. Notaras is a partner at venture capital fund, XL Innovate, investing in insurtech and fintech. She serves on the boards of four of XL Innovate’s portfolio …

08/16/2019 01:00 AM
Alaska Credit Union Ending Marijuana Business Pilot Program
An Alaska credit union plans to discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses, an official said. Credit Union 1 will end the program Aug. 30 because critical insurance coverage will no longer be available, …

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