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Today’s Insurance News
Source: Insurance Journal
Another Money Laundering Risk Seen Coming from Firms Providing Payment Services
Frances Schwartzkopff - March 20, 2019, 10:30 am
As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S, the authorities are now taking a closer look at companies that provide payment services. The worry is that the chain …
PERILS Lowers Loss Estimate for December 2018 Sydney Hailstorms to A$633M
- March 20, 2019, 10:13 am
PERILS AG disclosed its second loss estimate of A$633 million (US$449.2 million) for the hailstorms which affected the greater Sydney region on Dec. 20, 2018. The estimate also includes the losses from the storm activity in southeastern Queensland on Dec. …
UK Prime Minister to Ask EU for Brexit Delay – But How Much Time Is Needed?
Tim Ross, Ian Wishart and Robert Hutton - March 20, 2019, 9:44 am
Britain’s messy divorce from the European Union is once again stuck between the demands of Theresa May’s divided government and the reality of what the bloc is willing to offer her — this time over how long the delay to …
Next-to-Last Flight of Lion Air’s Doomed 737 MAX Was Saved by Off-Duty Pilot
Alan Levin and Harry Suhartono - March 20, 2019, 9:17 am
As the Lion Air crew fought to control their diving Boeing Co. 737 MAX 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot, who was seated in …
Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions
Mark Burton and Jonas Cho Walsgard - March 20, 2019, 8:45 am
The ransomware attack crippling one of the world’s top aluminum makers is exposing how crucial sophisticated digital systems have become in the centuries-old industry of turning mined rock into metal products. Following a “severe” cyber-attack on Norsk Hydro ASA’s operations …
Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches
Nate Lanxon - March 20, 2019, 8:30 am
Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other recent breaches. The Norwegian company, one …
Alliant to Offer AmWINS Program for Waste Operators, Haulers
- March 20, 2019, 5:19 am
AmWINS Group, Inc., a global distributor of specialty insurance products and services, has partnered with Alliant Insurance Services to service the needs of waste clients nationwide. Alliant’s WasteAssure clients, come April 1, will have access to coverage through AmWINS Program …
Why Drivers, Like Pilots, Should Be Trained to Use Autonomous Features
- March 20, 2019, 5:00 am
Should drivers using vehicles with autonomous features be trained on those features before they get behind the wheel? A new paper, “What Do We Tell the Drivers? Toward Minimum Driver Training Standards for Partially Automated Cars,” recently published by the …
Regulators Investigating If One Dairy Farm’s Tainted Milk Is Isolated Case or Broader Problem
Richard Valdmanis and Joshua Schneyer - March 20, 2019, 5:00 am
For Maine dairy farmer Fred Stone, the discovery in 2016 that his cows were producing tainted milk has since brought financial ruin and threatened to shut down a century-old family business. Now state regulators and health experts are investigating whether …
U.S. Safety Agency Weighs Bids for Putting Automated Vehicles on Roads
- March 20, 2019, 5:00 am
The U.S. National Highway Traffic Safety Administration said Friday it was seeking public comment on General Motors’ 15-month-old petition seeking approval to deploy a limited number vehicles on U.S. roads without steering wheels or other human controls. The agency also …
RSG Affiliate PERse Opens Miami Office, Makes 3 Staff Appointments
- March 20, 2019, 4:56 am
PERse (Power.Energy.Risk), a managing general underwriter specializing in property and casualty insurance products for energy and power production facilities with a specialized focus on renewable energy, has opened a new office in Miami, Fla., and made three key hires to …
City of Charlotte, North Carolina Pays Family $950K in Pedestrian’s Death
- March 20, 2019, 4:52 am
A North Carolina city has paid the family of a man who was hit and killed by a speeding police car in 2017. The Charlotte Observer reports the city of Charlotte paid $950,000 in December to the family of James …
Florida Insurance Agent Arrested in $16K Commission Fraud Scheme
- March 20, 2019, 4:44 am
A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis. Sheila De Lima Torres Tecchio with Enterprise Insurance Agency, Inc. …
Kentucky Court Overturns $21M Judgement in Helicopter Crash Case
- March 20, 2019, 4:35 am
The Kentucky Court of Appeals has overturned a $21.7 million judgment against a helicopter company regarding a crash that killed three people. Three people died in June 2013 when an air ambulance crashed as it was returning from a trip …
Brightway Insurance Independent Agent Program Kicks Off in 6 States
- March 20, 2019, 4:31 am
Brightway Insurance has kicked off its new Independent Agent Program with its first group of seven new Independent Agent Owners. Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, unveiled a no-upfront cost program …
Hub Acquires Assets of Ritehealth Solutions in Colorado
- March 19, 2019, 8:22 pm
Hub International Ltd. has acquired the assets of Lafayette, Colo.-based RiteHealth Solutions Inc. Terms of the deal were not disclosed. RiteHealth owner Rachel Zeman will join Hub Colorado as a senior employee benefits consultant. RiteHealth is an employment benefits brokerage …
Surplus Line Association of California Formally Elects 2019 Board
- March 19, 2019, 7:11 pm
The members of the Surplus Line Association of California have reelected Robert Gilbert of Markel West Insurance Services as chair of the SLA board of directors. Gilbert’s election was finalized after the SLA tallied the final ballots from members who …
Mississippi Deputy Accused of Cheating Insurer Out of Nearly $13K
- March 19, 2019, 4:57 pm
A Mississippi sheriff’s deputy and another man face felony charges after authorities said they cheated an insurance company by falsely claiming an off-road vehicle was stolen. Federal prosecutors said Friday that Wilkinson County Deputy Christopher James and another resident of …
Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows
- March 19, 2019, 4:06 pm
A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say. The recently released study was conducted by the Katie School of Insurance and Financial …
Wisconsin Salmonella Cases Prompt Recall of Butterball Ground Turkey
- March 19, 2019, 4:00 pm
Butterball LLC issued a voluntarily recall of more than 78,000 pounds (35,400 kilograms) of raw ground turkey products nationwide as Wisconsin health officials investigate four salmonella cases in the state. The U.S. Department of Agriculture’s Food Safety and Inspection Service …
Houston-Area Chemical Blaze Intensifies After Loss of Water Pressure
Jack Kaskey,  Simon Casey and Kevin Crowley - March 19, 2019, 3:43 pm
A fire at a petrochemical storage facility that’s covered Houston in a thick pall of smoke for the past two days intensified overnight after firefighters briefly lost water pressure. Two additional storage tanks are ablaze, bringing the total to eight, …
Supreme Court Finds Manufacturers’ Duty to Warn Sailors Where Asbestos Added Later
Andrew G. Simpson - March 19, 2019, 3:32 pm
Manufacturers have a duty to warn about potential dangers of parts with asbestos that were later added onto their products by third parties, the U.S. Supreme Court has ruled. The ruling, in a case involving sailors diagnosed with cancer, says …
Seattle Paying $160K to Settle Lawsuit
- March 19, 2019, 3:28 pm
Seattle, Wash. has paid nearly $160,000 to settle a federal civil-rights lawsuit. The case involved a veteran police officer with a history of discipline for unprofessional and questionable behavior who tackled a belligerent man who was handcuffed in a holding …
New Mexico Tornado Destroyed 10 Homes, Inured 5
- March 19, 2019, 3:26 pm
A tornado that ripped roofs from buildings and injured five people in a tiny New Mexico town left a trail of debris, authorities reported. The tornado touched down outside of Dexter last week on Tuesday evening before quickly barreling into …
Los Angeles Explosion Following Gas Leak Reports
- March 19, 2019, 3:23 pm
Authorities confirmed multiple people were inured in an explosion following reports of an underground gas leak in South Los Angeles, Calif. The fire department says crews found flames coming from storm drains early Sunday. Officials say the blast displaced several …
Former Mass. Agents’ Group CEO Mancini Partners with Renaissance Alliance
- March 19, 2019, 1:44 pm
Francis A. Mancini, former president and CEO of the Massachusetts Association of Insurance Agents (MAIA), has partnered with Renaissance Alliance Insurance Services LLC (RAIS) working on new business development and promoting the Renaissance Alliance brand in New England and nationally. …
State Farm to Cut Rates in Maryland for Second Time in Two Years
- March 19, 2019, 1:13 pm
State Farm Insurance Companies will cut its rates in Maryland for the second time in two years. As a result, its overall personal auto rate will drop by 1.4 percent. The total state-wide expected impact for State Farm by this …
Company Denies Responsibility for Vermont Ski Resort Fraud
- March 19, 2019, 1:09 pm
The former owner of Vermont’s Jay Peak resort is fighting claims from a court-appointed receiver that it should pay millions in damages as part of a settlement. The Caledonian-Record reports Canadian Saint-Sauveur Valley Resorts, Inc. says the federal receiver in …
Accidental Delaware House Fire Causes $250K in Damage
- March 19, 2019, 12:55 pm
Delaware authorities say a house fire in a neighborhood near the coast was an accident. The Delaware Office of the State Fire Marshal issued a news release saying that it had ruled the fire in Sussex County, Delaware, was accidental. …
Tesla Defends Factory Worker Safety as Injury Days-Off Rise
Josh Eidelson and Dana Hull - March 19, 2019, 12:48 pm
Tesla Inc. factory employees spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric …

The Amynta Group Announces Acquisition of ClearView Risk Holdings.

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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