Insurance news

• Texas Wholesale Insurance Group Founder, Myron Steves, Passes

  31-08-2015 18:51
  
  Texas independent managing general agency and wholesale insurance broker, Myron Steves, announced the passing of its founder and namesake, Myron F. Steves, Sr., with the following message: With a heavy heart we share the news that Myron Fuller Steves, Sr., our …
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• Homes, Vehicles Flooded in Sioux Falls

  31-08-2015 18:48
  
  More than half a foot of rain fell in parts of Sioux Falls, S.D., leading to flash flooding that inundated basements, stranded dozens of motorists and cut electricity to thousands of homes. Mayor Mike Huether said infrastructure improvements in recent …
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• Texas Legal Insurance Plan Joins Independent Agents Group

  31-08-2015 18:47
  
  Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT). Legal insurance covers legal expenses much like …
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• Competition Increases in Louisiana Insurance Commissioner Race

  31-08-2015 18:47
  
  Insurance Commissioner Jim Donelon has picked up another challenge to his fall re-election bid. Charlotte McDaniel McGehee, a Democrat and lawyer from Baton Rouge, announced her candidacy this week. In a statement, McGehee described herself as a business owner and …
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• Ohio Company to Pay $80K to Settle Harassment Suit

  31-08-2015 18:45
  
  Mel-K Management Company will pay $80,000 and furnish significant equitable relief to resolve a federal harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the lawsuit, Mel-K’s general manager at …
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• Hackers Target Data of Catholic Workers in Michigan

  31-08-2015 18:45
  
  Hackers cracked a computer network and got access to Social Security numbers and other personal information of more than 10,000 people who work for Roman Catholic churches or church affiliates around Michigan. “I cannot tell you how many prayers have …
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• NAMIC Hires Paolino as State Affairs Director for Northeast Region

  31-08-2015 18:14
  
  The National Association of Mutual Insurance Companies (NAMIC) hired Cate Paolino as director of state affairs for the Northeast region. Paolino is based in Foxboro, Massachusetts, and will represent NAMIC member company interests in New England, New Jersey, and New …
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• Washington Suit Says Staff Ignored Man Choking on Orange Piece

  31-08-2015 17:44
  
  Robert Kincaid, a patient suffering from schizophrenia, was lying on the floor in a dayroom at Western State Hospital in Washington, choking on a piece of orange for almost eight minutes before staff members stopped to help him, according to …
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• Storm Watch Ends For Hawaii Islands, But Hurricane Churns

  31-08-2015 17:39
  
  Greg Colden, a farmer on Hawaii’s Big Island, said he is most worried about the damage that more rain and sustained winds could do to the area as Hurricane Ignacio passes by this week. “I’m more worried about the rain. …
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• LP Insurance Services in Nevada Taps Cantlon for Sales Team

  31-08-2015 17:22
  
  RENO, Nev.-based LP Insurance Services Inc. has hired Andrea Cantlon in its northern Nevada sales team. She is responsible for developing new business relationships, and retaining and servicing existing clients. Cantlon was most recently a private banker with Mutual of …
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• Tropical Storm Erika Fades Before Florida After 20 Deaths in Caribbean Island

  31-08-2015 17:17
  
  Tropical Storm Erika, which killed at least 20 people on the small Caribbean island of Dominica, broke up in the waters off Cuba, the U.S. National Hurricane Center said on Saturday. All tropical storm warnings and watches have been dropped …
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• Business Owners Failing to Plan for Unexpected Events: Study

  31-08-2015 15:33
  
  Many business owners think they are good decision makers but they fail to address essential long-term business planning that is critical to sustaining their businesses for the long-term. While they feel they want to protect their businesses and families, they …
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• Joint Employer Ruling Hikes Parent Companies’ Liability, Unions’ Bargaining Power

  31-08-2015 14:48
  
  A major ruling handed down on Thursday by the U.S. National Labor Relations Board could give unions greater bargaining power by enabling them to negotiate directly with large parent companies like McDonald’s that rely heavily on franchisees and contractors. The …
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• Uber Plans for Driverless Cars, Hires Hacking and Robotics Experts

  31-08-2015 14:21
  
  Uber Technologies Inc. has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter …
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• Trinity Says Virginia Orders More Tests for Highway Guardrails

  31-08-2015 14:07
  
  Trinity Industries Inc.’s guardrail system will undergo additional crash testing by Virginia, raising new questions about a device on roadways across the country. Some of Virginia’s six proposed tests on the ET-Plus, scheduled to begin in mid-September, will be different …
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• Hedge Fund Financing of Lawsuits Draws Interest from Senators

  31-08-2015 13:36
  
  Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck Grassley of Iowa and John Cornyn of Texas—have a few questions of their …
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• US Chamber of Commerce Urges China to Open Insurance, Securities Markets

  31-08-2015 11:22
  
  Members of the American Chamber of Commerce group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent …
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• Carvey Appointed Head of Treaty at Hamilton at Lloyd’s

  31-08-2015 11:16
  
  Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will be responsible for …
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• Tissot Named SCOR Group COO

  31-08-2015 10:45
  
  French reinsurer SCOR Group has appointed Nicolas Tissot as the Group’s Chief Operating Officer (COO), effective as of today, August 31. He reports to Chairman and CEO Denis Kessler, and joins the SCOR Group Executive Committee. The announcement explained that the …
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• QBE Appoints Lingafelter as Managing Director of Asia Pacific Region

  31-08-2015 09:56
  
  QBE Insurance has appointed Mark Lingafelter as managing director of its Asia Pacific region with effect from September 1, 2015. In this role, Lingafelter will be accountable for the ongoing execution of the QBE Asia Pacific Profitable Growth Strategy and …
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• Delaware Cities Tell Uber Drivers to Obtain Business Licenses

  31-08-2015 09:27
  
  Officials in numerous Delaware cities have asked drivers who use the ride-hailing app Uber to obtain business licenses. The News Journal of Wilmington reports that under a deal struck by Delaware and the company this year, it is unclear if …
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• North Carolina Lawmakers Send Ridesharing Regulations to Governor

  31-08-2015 07:10
  
  The North Carolina legislature gave its final OK to state regulations August 27 for ridesharing companies such as Uber, Lyft and Sidecar, a move supporters say will protect consumers and drivers of the mobile phone-based services and encourage competition. The …
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• West Virginia Takes 212 Commercial Vehicles off Road After Failed Inspections

  31-08-2015 07:04
  
  The West Virginia Public Service Commission says 212 commercial vehicles were taken out of service as a result of recent inspections. Violations found by PSC transportation enforcement officers included faulty brakes, lights, tires and steering mechanisms, poorly secured loads and …
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• Ross Joins Florida’s SUNZ Insurance as In-House Counsel

  31-08-2015 06:57
  
  SUNZ Insurance Co. has hired Donna Ross to join the Sarasota, Fla.-based company’s in-house legal counsel. According to Steve Herrig, CEO of SUNZ, said, Ross is joining the company as it expands its legal department to meet the needs the …
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• U.S. Risk to Acquire Florida-Based Strategic Program Managers

  31-08-2015 06:42
  
  U.S. Risk Insurance Group, Inc. has entered into an agreement involving the acquisition by U.S. Risk of an undisclosed ownership interest in Florida-based Strategic Program Managers, a specialist trucking MGA and broker. The combined premium volume in this class will …
  The article U.S. Risk to Acquire Florida-Based Strategic Program Managers appeared first on Insurance Journal.
  
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• 300K Massachusetts Resident to See Their Health Insurance Rates Jump 6%

  31-08-2015 04:08
  
  About 300,000 Massachusetts residents who buy their own health insurance or work for small businesses are about to see their premiums jump more than 6 percent on average. The increase approved by the state Division of Insurance that takes effect …
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• Plymouth Rock’s ‘Prime’ Combines Online Sales With Independent Agent Channel

  31-08-2015 03:30
  
  Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — this month launched a new online tool called “Prime.” The insurer says the new tool will give consumers the ability to buy and manage auto …
  The article Plymouth Rock’s ‘Prime’ Combines Online Sales With Independent Agent Channel appeared first on Insurance Journal.
  
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