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Today’s Insurance News
Source: Insurance Journal
After Drenching Gulf Coast, Tropical Storm Cindy Heads North, East
Andrew G. Simpson - June 23, 2017, 11:10 am
The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days, forecasters said. Flooding and road closures stretched from …
Reinsurance Rates Continue to Soften with No End in Sight: S&P
- June 23, 2017, 11:08 am
The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor’s said in a new report. The continued downward …
Protecting Unions Is a Labor of Love for Union Insurance Group
Stephanie K. Jones - June 23, 2017, 5:34 am
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 …
Highly Contagious Citrus Disease Spreads to Alabama
Amy O'Connor - June 23, 2017, 5:02 am
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 …
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
- June 23, 2017, 5:00 am
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 …
North Carolina Senate Passes Legislation to Reduce Opioid Abuse
Amy O'Connor - June 23, 2017, 4:58 am
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 …
Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates
Amy O'Connor - June 23, 2017, 4:36 am
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 …
Tennessee-Based Reliance Partners Promotes Howell to SVP
Amy O'Connor - June 23, 2017, 4:25 am
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 …
12 States Call Out California’s ‘Affront to Sound Insurance Regulation’
Don Jergler - June 22, 2017, 10:24 pm
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 …
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Don Jergler - June 22, 2017, 7:55 pm
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 …
January, Rupper and Sanders Join RHSB Insurance in Dallas
Stephanie K. Jones - June 22, 2017, 4:51 pm
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, …
Ex-Missouri Insurance Director Joins Dentons Law Firm in Kansas City
Stephanie K. Jones - June 22, 2017, 4:40 pm
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 …
Governor Declares State of Emergency for Nebraska Storm-Damaged Areas
Stephanie K. Jones - June 22, 2017, 4:33 pm
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 …
Arkansas’ Tyson Foods Installs Video, Bird Welfare Checks in Poultry Operations
Stephanie K. Jones - June 22, 2017, 4:32 pm
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 …
Green Bay Fan Sues Chicago Bears over Sideline Packers Gear Ban
Stephanie K. Jones - June 22, 2017, 4:27 pm
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 …
Senate Republicans Unveil Secret Draft of Their Health Insurance Plan
Andrew G. Simpson - June 22, 2017, 3:36 pm
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 …
Norway’s Protector Forsikring Insured Grenfell Tower Fire; Price Tag Debated
L.S. Howard - June 22, 2017, 3:25 pm
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 …
House Committee Adds 5 More Bills to Its Flood Insurance Reform Package
Andrew G. Simpson - June 22, 2017, 3:16 pm
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 …
Report Details Death, Panic in Deadly Ghost Ship Warehouse Fire
Don Jergler - June 22, 2017, 3:04 pm
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 …
London Blaze-Tower Built with Cladding Used Across England
L.S. Howard - June 22, 2017, 2:57 pm
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 …
Dalia Named Chief Financial Officer at California-based Alliant
Don Jergler - June 22, 2017, 2:53 pm
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 …
Chubb’s Crooks Named XL Catlin’s Inland Marine Director in California
Don Jergler - June 22, 2017, 2:45 pm
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 …
Pennsylvania Introduces Legislation to Limit Surprise Balance Bills
- June 22, 2017, 1:32 pm
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 …
NYC Fire Officials Say Three Workers Injured at Construction Site
- June 22, 2017, 1:25 pm
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 …
Confie Completes Two Acquisitions in New York
- June 22, 2017, 1:12 pm
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 …
Maine-Based Clark Insurance Elects Cote to Board of Directors
- June 22, 2017, 1:04 pm
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 …
UK Plans $1B-Plus Investment in Driverless & Electric Vehicle Technology
L.S. Howard - June 22, 2017, 11:56 am
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 …
J&J Seizes Supreme Court Ruling on Out-of-State Cases to Fight Talc Cancer Claims
Andrew G. Simpson - June 22, 2017, 11:33 am
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 …
Officials Say 7 Coal Miner Deaths This Year Raise Questions About Training
Andrew G. Simpson - June 22, 2017, 11:17 am
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 …
Aon Appoints Marcell to New Position of President of Aon Benfield
L.S. Howard - June 22, 2017, 11:08 am
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 …

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Southwest Risk continues to actively recruit seasoned insurance professionals to join our winning team!

Meet Steven Ateek – Vice President at Southwest Risk specializing in Construction, Energy, Products and Habitational.

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