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Today’s Insurance News
Source: Insurance Journal
Former California Adjuster Hit With 180-day Sentence for Stealing $130K
- September 20, 2019, 8:32 pm
Former licensed public adjuster John Schoon, 54, of Huntington Beach, Calif., was sentenced to 180 days in county jail and five years of felony probation after pleading guilty to three felony counts of embezzlement and one felony count of forgery. …
Zurich Insurance Taps Giger from Swiss Regulator, FINMA, as Group Chief Risk Officer
- September 20, 2019, 5:15 pm
Zurich Insurance Group announced that Peter Giger will join the group on Oct. 1, 2019, as group chief risk officer and a member of Zurich’s Executive Committee. He succeeds Alison Martin who was recently appointed chief executive officer Europe, Middle …
Omaha National Promotes Senff to VP, Company Development
- September 20, 2019, 4:54 pm
Nebraska-based Omaha National, a provider of workers’ compensation insurance and payroll services to small and midsize businesses, has promoted Mary Senff to vice president of company development. In this role she is responsible for the company employee development program and …
Michigan School District to Pay $107K to Settle Federal Retaliation Lawsuit
- September 20, 2019, 4:43 pm
A school district in Michigan will pay $107,000 do settle a federal retaliation lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) says the Waterford Public School System in Waterford, Michigan, will additionally provide other relief to settle the retaliation case. …
Ohio AG: Opioid Settlement Should Be Spent Locally
Julie Carr Smyth - September 20, 2019, 4:31 pm
Any money Ohio might receive from a settlement with OxyContin maker Purdue Pharma and other drugmakers should be spent at the local level, the state’s top lawyer said. Republican Attorney General Dave Yost told reporters that so many of the …
Louisiana Commissioner Donelon: Tort Reform Needed to Fix Auto Insurance Crisis
Stephanie K. Jones - September 20, 2019, 4:26 pm
When Louisiana voters go to the polls on Oct. 12, they will have a choice between two Republican opponents in the race for insurance commissioner: current commissioner, Jim Donelon, a former state legislator who has held the post since 2006, …
Essary Out as Executive Director of Texas Surplus Lines Stamping Office
- September 20, 2019, 4:04 pm
The Surplus Lines Stamping Office of Texas (SLTX) board of directors announced that SLTX Executive Director Norma Essary will separate from employment, effective Oct. 17, 2019. The board voted Sept. 17 to relieve Essary of her duties. Essary will be …
Transgender Man Can Sue Catholic Hospital Over Hysterectomy
- September 20, 2019, 2:59 pm
A California transgender man can go ahead with a discrimination lawsuit against a Catholic hospital that canceled his hysterectomy, an appeals court ruled Tuesday. The decision by the 1st District Court of Appeal in San Francisco overturns a lower court …
California Now Looking for Ways to Preserve Environmental Clout
Adam Beam and Michael Biesecker - September 20, 2019, 2:57 pm
The Trump administration’s decision to stop California from setting its own emission standards for cars and trucks would undermine the state’s ability to convince the world’s largest automakers that they should make more environmentally friendly vehicles. “We will not let …
Starr Promotes Puffer and Geoghean in the Western U.S.
- September 20, 2019, 2:50 pm
Starr Insurance Cos. announced leadership promotions and a new structure for its Western sales region. Starr’s Western region sales operation has been split into two units, Pacific Northwest and Southwest, and two new leaders have been named to head these …
Massachusetts Man Indicted in Connection with $110K Workers’ Comp Fraud Scheme
- September 20, 2019, 1:58 pm
A Worcester, Mass., man who operated a temporary employment agency was indicted in connection with a scheme to evade more than $110,000 in workers’ compensation premiums, according to a press release issued by Massachusetts Attorney General Maura Healey’s office. Sovane …
The Institutes RiskStream Collaborative Hires Brown in Pennsylvania
- September 20, 2019, 1:52 pm
The Institutes RiskStream Collaborative has hired Kenneth Brown as head of Security and Controls in its Malvern, Penn., office. As an insurance industry blockchain consortium, RiskStream Collaborative aims to serve policyholders and help lower industry and consumer costs by streamlining …
Hub International Acquires New York’s EPIC Retirement Services Consulting
- September 20, 2019, 1:45 pm
Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent investment consulting firm specializing in 401(k), 403(b) …
Alliant Insurance Services Hires Riley as Vice President in New York
- September 20, 2019, 1:39 pm
John Riley has joined Alliant as vice president within the firm’s White Plains, N.Y., office. As part of the firm’s growing Northeast property and casualty team, Riley will service a diverse portfolio of clients with operations in the Northeast and …
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
Allison Lampert and Suzanne Barlyn - September 20, 2019, 11:23 am
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …
Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec
Svea Herbst-Bayliss and Lawrence Delevingne - September 20, 2019, 10:05 am
Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. “Certainly, this is not a value-oriented environment,” said Harris, senior managing director of Apollo Global Management, …
African Swine Fever Spreads in Philippines
Enrico Dela Cruz - September 20, 2019, 9:35 am
Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department of Agriculture said on Friday, less than two weeks after it declared the country’s first outbreak of the disease. The …
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services
- September 20, 2019, 9:02 am
Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide both insurance and obligor services for warranty programs …
Pilot Chuck Yeager, Who Broke Sound Barrier, Sues Airbus for Trademark Infringement
Jonathan Stempel - September 20, 2019, 8:17 am
Chuck Yeager, the retired U.S. Air Force pilot who broke the sound barrier, has sued Airbus SE, accusing the aerospace company of using his name and likeness without permission to promote a new high-speed helicopter. In a complaint filed on …
France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B
Carolina Mandl - September 20, 2019, 7:50 am
France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on Thursday. Earlier on Thursday, Reuters reported …
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
Lena Masri - September 20, 2019, 7:22 am
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty
- September 20, 2019, 6:47 am
AM Besthas assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect Brit Re’s balance sheet strength, …
Hurricane Humberto Grazes Bermuda, Causing Little Damage
Don Burgess - September 20, 2019, 6:45 am
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting off roofs. Debris including …
AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia
- September 20, 2019, 6:38 am
AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich). The portfolio transfer will become effective on October 1, 2019. Financial details of the …
Marsh’s Torrent Technologies Expands Private Flood Coverage for Small Businesses
- September 20, 2019, 6:01 am
Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. Underwritten by Bermuda-based Hiscox through Johnson & Johnson, Inc., a Mount Pleasant, …
Florida Governor Wants Stiffer Fines for Cities That Pollute
- September 20, 2019, 5:56 am
Florida Gov. Ron DeSantis will ask the Legislature to increase fines for local governments that pollute state waters and give the Department of Environmental Protection more power to enforce pollution laws. DeSantis announced his proposal Sept. 11 at the Conservancy …
South Carolina Farmers Say Crops In Danger as Drought Grows
Jeffrey Collins - September 20, 2019, 5:45 am
Many farmers in South Carolina say a growing drought is threatening to devastate their crops right at harvest time and officials said there are plenty of indications the dry weather will spread. A special committee that reviews drought in the …
Nearly $80K in Wigs Stolen from South Florida Warehouse
- September 20, 2019, 4:53 am
Police in South Florida say thieves stole up to $80,000 in merchandise from a wig warehouse. The owner of Prime Trading Hair and Wigs told detectives in Miami Gardens that he was notified overnight Tuesday that the alarm at the …
EPIC Adds Beazley’s Bejean to Georgia-Based Greyling Division
- September 20, 2019, 4:02 am
EPIC Insurance Brokers and Consultants has added Lionel Bejean to the firm’s Greyling Division, based in Alpharetta, Ga., as senior vice president. In his new position, Bejean will be responsible for serving the risk management, professional liability and property/casualty insurance …
Davis Promoted to Asst. Personal Lines Underwriter at J.M. Wilson
- September 19, 2019, 11:24 pm
Managing general agency and surplus lines broker J.M. Wilson has promoted Liam Davis to assistant personal lines underwriter in its Portage, Michigan, office. Davis is responsible for assisting underwriters on a wide variety of property and casualty risks, as well …

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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