Insurance news

• Beecher Carlson Adds 2 to Northeast Property Operations

  02-09-2015 18:50
  
  Beecher Carlson Insurance Services LLC, a specialized large account insurance broker and a wholly-owned subsidiary of Brown & Brown Inc., hired Molly Nolan as Northeast Property Practice leader in Boston and Evan Bull as managing director in New York City. …
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• Louisiana Regulators Take Over Health Insurance CO-OP

  02-09-2015 18:40
  
  The 19th Judicial District Court granted an Order of Rehabilitation and Injunctive Relief giving Insurance Commissioner Jim Donelon possession and control of the Louisiana Health Cooperative Inc. (LAHC, aka CO-OP), the Louisiana Department of Insurance announced. The CO-OP is a …
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• A.J. Renner & Associates Acquired by RT Specialty

  02-09-2015 18:37
  
  R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science arena. Following the close of the transaction, the core of the …
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• R.I. AG Sues Health Insurance Commissioner Over 10% Blue Cross Rate Hike

  02-09-2015 18:35
  
  Rhode Island’s attorney general has sued the state’s health insurance commissioner for allowing Blue Cross Blue Shield of Rhode Island to hike premiums for some residents 10 percent. Attorney General Peter Kilmartin says even though Insurance Commissioner Kathleen Hittner pared …
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• Insureon Hires Utkin as Chief Marketing Officer

  02-09-2015 18:35
  
  Insureon, an online provider of small business insurance, has added Andrei Utkin as chief marketing officer. He is based in Chicago. Utkin previously was with information and analytics firm Neustar. He also formerly worked at Capital One where he led the company’s …
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• Oklahoma Groups Settle Legal Battle Over Failed Airline

  02-09-2015 18:34
  
  The Tulsa Airports Improvement Trust and the Bank of Oklahoma’s parent company say they have reached a settlement over the failed Great Plains Airlines. The Tulsa Industrial Authority and the bank sued the airports trust for $15.6 million in 2013, …
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• Chicago Sues Red Light Camera Operator, Redflex

  02-09-2015 18:33
  
  The city of Chicago has filed a $300 million lawsuit against the former operator of its red light cameras, alleging the program was built on bribery. The Chicago Tribune reports the lawsuit seeks more than double the $124 million Redflex …
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• Kingstone OK’d to Write P/C Insurance in Texas

  02-09-2015 18:32
  
  Kingstone Companies Inc., a multi-line regional property/casualty insurance holding company based in New York, announced that its subsidiary, Kingstone Insurance Co., has received approval from the Texas Department of Insurance to write P/C insurance in Texas. In addition to New …
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• Do Not Enter: ‘Shadiest’ New Internet Addresses

  02-09-2015 17:43
  
  A new report warns that more than 95 percent of websites with new Internet addresses such as .zip, .kim or .party are suspicious. Internet security firm Blue Coat says its research of the top 10 new top-level domains (TLDs), or …
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• Idaho Court Allows Boy Scout Suit to Move Forward

  02-09-2015 17:08
  
  Idaho’s highest court has ruled that the 16 men who say they were sexually abused as youngsters by scout leaders in Idaho filed their lawsuit on time against the Boy Scouts of America and the Church of Jesus Christ of …
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• CFC Launches Cyber Risk Portal

  02-09-2015 17:02
  
  Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new online hub offering specialized cyber risk management and response services. CFC has partnered with several technology providers to provide clients access to risk …
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• California Uber Drivers Get Class Action Status in Employment Suit

  02-09-2015 17:00
  
  Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, a key development in a case threatening Uber’s business model and that of other hot startups dependent on similar service workers. Three …
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• What El Niño Means for the Coming Winter in U.S.

  02-09-2015 16:07
  
  How the weather plays out in the next six months will have a lot to say about the California drought, snow in the Northeast and even the price of natural gas. A strong El Nino in the equatorial Pacific will make …
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• Drivers Convicted, Jailed for Crashes Now Blamed on Car Defects

  02-09-2015 13:57
  
  Lakisha Ward-Green spent three months in jail after she lost control of her Chevrolet Cobalt, killing her teenage passenger. Last week, a Pennsylvania judge, citing “newly discovered evidence” erased her guilty plea. The new evidence: the February 2014 recall by …
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• 66% of Small Businesses Lack Business Interruption Coverage: Survey

  02-09-2015 13:49
  
  Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new Nationwide-sponsored survey. …
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• Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners

  02-09-2015 11:54
  
  A Dutch court ruled on Wednesday that gas producer NAM must compensate homeowners for falls in the value of their properties due to earthquakes linked to gas production at the Groningen field in the north of the Netherlands. The ruling …
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• Study Says European Insurers’ Assets under Management Hit $11 Trillion

  02-09-2015 11:09
  
  European insurers’ assets under management jumped 9.4 percent to €9.9 trillion ($11.15 trillion) in 2014 from a year earlier, trade body Insurance Europe said on Tuesday, mainly driven by increased investment by life insurers. European gross written premiums rose by …
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• ACE Promotes 6 in International Energy Team

  02-09-2015 10:50
  
  ACE Group announced six appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams. All appointments are based in London and are effective immediately. Matthew Hardy has been appointed product head AGM Energy and head of …
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• Hindson Joins Argo Group as Chief Risk Officer

  02-09-2015 10:23
  
  Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced that Alex Hindson has been appointed as chief risk officer. Hindson joins Argo Group from Amlin AG where he served as chief risk officer for …
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• Safety of Sports Stadiums Questioned After Fan Dies at Atlanta Braves Game

  02-09-2015 10:00
  
  The death of a longtime Braves season-ticket holder raises questions about the planned height of guard rails at their new stadium scheduled to open in 2017. The Braves say they had safety in mind when making plans for SunTrust Park …
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• Miami Agent Arrested for Operating With Expired License, Stealing Premium Funds

  02-09-2015 10:00
  
  The Florida Division of Insurance Fraud announced the arrest of Tania Michel, 41, for failing to notify the Department of Financial Services of a federal fraud conviction, continuing to work in the insurance industry after having her license expire, and …
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• Zewe, Jordan Named to Leadership Posts at Louisiana DOI

  02-09-2015 07:35
  
  Jeffrey Zewe has been appointed deputy commissioner of the newly formed Office of Consumer Services at the Louisiana Department of Insurance (LDI) and Darie Jordan has been named director of the Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA). …
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• Apartment Building Explosion in Georgia Under Investigation

  02-09-2015 06:13
  
  Firefighters are investigating a blaze at a Marietta, Ga., apartment complex that was reportedly rattled by an explosion August 31. The Atlanta Journal-Constitution reports that firefighters arrived at the Crestmont apartments around 10:20 a.m. Monday. Marietta city spokeswoman Lindsey Wiles …
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• Florida-Based Psychic Network Sues General Mills Over ‘Miss Cleo’ Image

  02-09-2015 06:08
  
  The South Florida company that owns the rights to the popular TV psychic “Miss Cleo” is suing General Mills alleging copyright infringement for hiring the psychic to promote its breakfast cereal. According to a complaint recently filed in federal court, …
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• NFP Acquires Insurance Management Associates in New Jersey

  02-09-2015 00:22
  
  NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New Jersey. Terms of the transaction were not disclosed. Founded in 1962, …
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