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Today’s Insurance News
Source: Insurance Journal
California DIR Suspends 7 Workers’ Comp Medical Providers for Fraud
Don Jergler - February 17, 2017, 7:50 pm
California’s Department of Industrial Relations and its Division of Workers’ Compensation has suspended seven medical providers from participating in the state’s workers’ comp system. The providers were convicted of workers’ comp fraud or have been suspended from the Medicare or …
California Lawmaker Proposes Bill to Allow Later Last Call Times
Don Jergler - February 17, 2017, 7:47 pm
Closing times at bars in California could go later if proposed legislation there gets passed. The bill proposed by state Sen. Scott Wiener, a Democrat who represents San Francisco, would let municipalities set their own last call times. The Los …
Texas Mutual Insurance, VFIS of Texas, Distribute $228K in Grants to First Responders
Stephanie K. Jones - February 17, 2017, 5:39 pm
Workers’ compensation insurance provider, Texas Mutual Insurance Co., and VFIS of Texas have distributed $228,000 in grant money to 90 volunteer fire departments and nonprofit emergency medical service (EMS) organizations across the state of Texas. VFIS of Texas is the …
Phillips Appointed Chair of Texas House Insurance Committee
Stephanie K. Jones - February 17, 2017, 5:33 pm
Texas Speaker of the House Joe Straus has appointed Rep. Larry Phillips, District 62, as chair of the Texas House of Representatives Insurance Committee for the 85th session of the Texas Legislature. This position was previously held by Rep. John …
USI Insurance Services Adds 3 in Independence, Ohio, Office
Stephanie K. Jones - February 17, 2017, 5:25 pm
USI Insurance Services (USI) has added Tammi Barker, Bridget Day and Dave Petno in the USI Independence, Ohio, office. Barker, who joins the firm as account manager, has more than 17 years of insurance experience, including 11 years focused on …
New York State Finalizes First-in-Nation Cyber Security Regulation
Elizabeth Blosfield - February 17, 2017, 5:24 pm
New York state announced a final cyber security regulation on Thursday with mandatory standards for banks and insurers to combat the ever-increasing risk of cyber attacks. The regulation, which takes effect March 1, follows a series of high-profile data breaches …
Louisiana Woman Pleads Guilty to $116K Insurance Fraud
Stephanie K. Jones - February 17, 2017, 5:23 pm
A Monroe, La., woman has pleaded guilty to mail fraud, admitting that she filed a $116,000 insurance claim for $1,000 in assets. U.S. Attorney Stephanie Finley says 54-year-old Lasandra Edwards filed for bankruptcy in October 2013, saying her furniture and …
Wisconsin Farmer Sentenced for Federal Crop Insurance Fraud
Stephanie K. Jones - February 17, 2017, 5:23 pm
John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Mark E. Johnson, 50, a farmer in Dresser, Wis., was sentenced on Feb. 13, 2017, in a federal crop insurance fraud case. During a plea hearing …
XS Brokers Insurance Agency Inc. Opens Second Massachusetts Office
- February 17, 2017, 4:27 pm
XS Brokers Insurance Agency Inc., a Northeast wholesale and managing general agent (MGA) brokerage headquartered in Quincy, Mass., has announced the opening of a new office in Worcester, Mass. The firm now has four East Coast offices, including locations in …
Pennsylvania’s HB Retirement Hires Ryan
- February 17, 2017, 4:20 pm
HB Retirement, an independent financial services firm specializing in the design and function of retirement programs from  corporations, small businesses and non-profit organizations throughout the Pittsburgh, Penn., region, has hired Jack Ryan as a client service associate. In this role, Ryan will use his …
CNA Appoints Ex-Endurance, AIG Executive Worman as Chief Underwriting Officer
Andrew G. Simpson - February 17, 2017, 4:13 pm
CNA has named Douglas Worman to fill the newly created position of executive vice president and chief underwriting officer. He reports to Dino E. Robusto, CNA chairman and chief executive officer. In this role, Worman will work jointly with the …
How Tattoo Artists Are Like Dentists
- February 17, 2017, 2:37 pm
Getting a tattoo may hurt, but giving one is no picnic, either. That’s the finding of what its authors say is the first study ever to directly measure the physical stresses that lead to aches and pains in tattoo artists—workers …
Driver Deaths Rose 6% in 2016, Topping 40,000
Andrew G. Simpson - February 17, 2017, 1:47 pm
U.S. motor vehicle accident deaths last year topped 40,000 for the first time since 2007 as cheap gasoline and a healthy economy encouraged motorists to drive more, according to new estimates released by the National Safety Council. Roadside fatalities last …
Global Insurance Rate Decreases in Q4 Slowed for 4th Consecutive Quarter: Marsh
- February 17, 2017, 1:34 pm
Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter’s decrease of 3.2 percent), according to Marsh’s Global Insurance Market Index – Q4 2016. * “The last quarter of 2016 marked …
The Concord Group Insurance Companies in New Hampshire Hires McCabe
- February 17, 2017, 1:00 pm
The Concord Group Insurance Companies, a Concord, N.H.-based insurance carrier, has announced that Daniel L. McCabe has joined the senior leadership team as a vice president. “Dan will play an important role on our management team as we transition through …
Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
- February 17, 2017, 12:22 pm
Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of organizations in the United Kingdom. He will …
Ratings Agencies Uphold Their Ratings on AIG
- February 17, 2017, 11:45 am
Despite American International Group’s poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor’s both have affirmed the insurer’s ratings, with a few qualifiers slipped in. The struggling insurance giant lost $3.0 billion, or $2.96 per share, compared …
Verisk Buys Healix Risk Rating, UK-Based Medical Risk Assessment Firm
- February 17, 2017, 11:44 am
Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand Verisk’s risk assessment offerings for the global insurance …
Zurich Insurance in APAC Creates New Commercial Insurance Structure
- February 17, 2017, 11:19 am
Zurich Insurance has created a new structure for its Commercial Insurance business in Asia Pacific (APAC), following the combination of its Global Corporate and Commercial units into a single division. “This simplified structure provides a single point of entry for …
Carnegie-Brown to Become Chairman of Lloyd’s, Succeeding Nelson: Sources
L.S. Howard - February 17, 2017, 10:41 am
Bruce Carnegie-Brown, former CEO of Marsh Europe and non-executive chairman of Aon UK, will shortly be named the new chairman of Lloyd’s, succeeding John Nelson who had announced in 2015 that he would retire this year at the age of …
Woodruff-Sawyer in California Names Cartwright Practice Leader
- February 17, 2017, 10:00 am
San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Darren Cartwright claims auditing and consulting practice leader. Cartwright will be responsible for the direction of the claims group, which provides claims management and advice across the areas of property/casualty, management liability …
Allianz Posts Higher than Expected Q4 Profit; Plans $3.2B Share Buyback
L.S. Howard - February 17, 2017, 8:35 am
Allianz, Europe’s largest insurer, proposed spending 3 billion euros ($3.2 billion) on buying back its own shares on Thursday after the Munich-based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. …
Argo Pro, BlueChip Underwriting Services Launch Transactional Risk Program
Amy O'Connor - February 17, 2017, 6:18 am
Argo Pro, a member of Argo Group International Holdings, Ltd., has partnered with BlueChip Underwriting Services LLC to provide transactional risk insurance to facilitate mergers and acquisitions. BlueChip will sell and underwrite this suite of products, including Representation & Warranties, …
Lockton Promotes Ruback to Sr. VP in Chicago
- February 17, 2017, 6:11 am
Insurance broker Lockton has named Amanda Ruback to the newly created position of senior vice president and major client strategist in the firm’s Chicago operation. In her new role, Ruback assists in strategy development and solutions for the needs and challenges of Fortune 1000 …
New West Virginia Town Files Suit Against Drug Wholesalers Over Opioid Abuse
Amy O'Connor - February 17, 2017, 6:07 am
A southern West Virginia town has joined other communities in seeking to recoup the costs of dealing with opioid abuse. The Charleston Gazette-Mail reports the McDowell County town of Welch filed a lawsuit Monday against several out-of-state drug distributors. The …
Patient Complaints Can Identify Surgeons Who Are Higher Claims Risks
- February 17, 2017, 6:00 am
Recording and analyzing patient and family reports about rude and disrespectful behavior can identify surgeons with higher rates of surgical site infections and other avoidable adverse outcomes, according to a study led by Vanderbilt University Medical Center (VUMC) investigators in …
NEBCO Insurance Services Expands into Florida, Opens First Office in Naples
Amy O'Connor - February 17, 2017, 5:59 am
NEBCO Insurance Services has opened an office in Naples, Fla. The Greenwich, Conn.-based independent insurance agency provides asset and lifestyle protection for high-net-worth individuals nationwide. The recently opened office in Naples is the firm’s first expansion outside the Greenwich area. …
Florida-Based Main Street America Appoints Bastian as National Account Executive
Amy O'Connor - February 17, 2017, 5:22 am
The Main Street America Group, a super-regional property/casualty insurance company, has announced the appointment of Anne Bastian to national account executive, a newly established role within the company’s field operations division. In this capacity, Bastian, who has served as a …
Former Alabama Scrap Metal Executive Accused of Embezzling $11.2M
Amy O'Connor - February 17, 2017, 5:11 am
A former executive for a Birmingham-area scrap metal brokerage company has been accused of embezzling $11.2 million from the company and using the funds to live a lavish lifestyle. Acting U.S. Attorney Robert O. Posey said in a news release …
LA County Supervisors Order Inspection of Dams in Wake of Oroville Emergency
Don Jergler - February 16, 2017, 10:47 pm
Supervisors have ordered inspections of all Los Angeles County dams in the wake of flooding concerns at Northern California’s Oroville Dam. The Los Angeles Times wrote that supervisors unanimously approved the order Tuesday. The Department of Public Works has 30 …

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