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Today’s Insurance News
Source: Insurance Journal
Trump Regulation Approach Likely to Stall Connected Vehicles
Andrew G. Simpson - September 26, 2017, 5:00 am
The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication systems, known as V2V, are regarded as essential for fully …
10 People Arrested in Florida for $500K Accident Solicitation Scheme
Amy O'Connor - September 26, 2017, 4:18 am
Five Florida attorneys and five of their accomplices are accused in a patient-brokering scheme that brought in more than a half-million dollars in profits. Broward Sheriff’s officials said in a news release that the arrests were made Sept. 6 following …
Drake Joins Smart Choice in North Carolina as VP of Corporate Strategy
- September 26, 2017, 4:11 am
Smart Choice, headquartered in High Point, North Carolina, has named Carol Drake as the company’s new vice president of Corporate Strategy. Drake formerly had an extensive career with Grange Insurance where she held the roles vice president of National Accounts, …
South Carolina Law Enforcement Center Damaged by Fire
- September 26, 2017, 4:05 am
Authorities are investigating a fire that damaged a law enforcement center in South Carolina. Walhalla Fire Department Chief Brandon Burton told local media a fire started at around 5:30 p.m. Saturday at the Oconee Law Enforcement Center. Burton says the …
Seeman Holtz Continues Florida Expansion With Acquisitions of 3 Agencies
- September 26, 2017, 4:04 am
Seeman Holtz Property & Casualty, Inc. has acquired three different agencies in Florida as part of its geographic expansion and continued growth throughout the United States. The three Florida agencies most recently acquired include: Mark Ellis Insurance, headquartered in Tamarac, …
Third ‘No’ Appears to Kill Latest Senate GOP Bid to Repeal Obamacare
Andrew G. Simpson - September 26, 2017, 1:27 am
Senator Susan Collins punctured any remaining GOP hopes of repealing Obamacare anytime soon, dealing a fatal blow by rejecting a last-gasp Republican health care bill. The Maine Republican became the third GOP senator to oppose the measure, issuing a blistering …
As Puerto Rico Struggles to Recover from Maria, Burst Dam Brings More Suffering
Andrew G. Simpson - September 26, 2017, 1:15 am
In San Juan, it was as if Hurricane Maria left everyone to fend for themselves. Two days after Maria hit, electricity and mobile phone service was nonexistent in the capital and across most of Puerto Rico, which was already buckling …
RIC Names Reese as Business Development Manager in Southern California
Don Jergler - September 25, 2017, 8:06 pm
RIC Insurance General Agency has named Jason Reese a business development manager. Reese will work with retail insurance brokers and agents in San Diego and Orange County. Reese was a business development manager at Method Insurance Services Inc., specializing in …
MJ Insurance Adds Glissmeyer in Arizona
Don Jergler - September 25, 2017, 6:05 pm
MJ Insurance has named Melissa Glissmeyer a risk management consultant in the Phoenix, Ariz. office. Glissmeyer will be part of the commercial insurance and risk management department and be responsible for driving sales and service. Glissmeyer previously was a fire …
MarketScout in Dallas Creates $25M InsurTech Venture Fund
Stephanie K. Jones - September 25, 2017, 4:31 pm
Dallas-based insurance exchange and MGA MarketScout announced it has launched MarketScout InsurTech (MIT), which will make investments in tech-enabled insurance distribution. The initial funding comes exclusively from MarketScout Corp., parent of MIT. In the company’s announcement, MarketScout Founder and CEO …
Deloitte Targeted by Hackers Accessing Data From Internal Email Platform
L.S. Howard - September 25, 2017, 4:21 pm
Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an internal email platform. The auditing and consulting …
Mechura Joins Brady, Chapman, Holland & Associates’ Employee Benefits Team
Stephanie K. Jones - September 25, 2017, 4:20 pm
Texas-based independent insurance agency Brady, Chapman, Holland & Associates Inc. has hired Julie Mechura as an employee benefits risk advisor in Houston. She will focus on sustaining and developing client relationships, while functioning as the client’s risk advisor. Mechura has …
NFL Football-Maker Wilson Fined $65K for Safety Violations at Ohio Factory
Stephanie K. Jones - September 25, 2017, 3:59 pm
An Ohio factory that makes footballs for the National Football League has been fined by federal regulators over workplace safety violations. Wilson Sporting Goods is facing more than $65,000 in fines after two inspections at its factory in Ada, which …
Montana Will Take Over Deadly Asbestos Cleanup Site
Don Jergler - September 25, 2017, 3:13 pm
The cleanup of a northwest Montana community where health professionals say hundreds of people have been killed by asbestos exposure has entered a new phase as officials turn their focus to keeping residents safe over the long term. The five-member …
Final Lawsuit Settled in Deadly San Francisco Plane Crash
Don Jergler - September 25, 2017, 3:09 pm
A California dentist who was aboard an Asiana Airlines plane that crashed in San Francisco four years ago, killing three girls and injuring roughly 200 others, has reached a settlement with the airline, ending what her attorney said was the …
2 Wildfires In Northern California Destroy or Damage Multiple Homes
Don Jergler - September 25, 2017, 2:59 pm
Authorities say multiple homes and other structures have been destroyed or damaged in two wildfires that broke out over the weekend in Northern California. Fire officials in Auburn northeast of Sacramento said flames that erupted Saturday afternoon damaged several structures. …
Chubb’s Launches Business Pack Insurance for Australian SMEs
- September 25, 2017, 2:58 pm
Chubb has launched a package insurance solution called Chubb Business Pack Insurance for small and medium enterprises in Australia. This solution aims to provide broad coverage for property and liability exposures to help protect business owners from a range of …
Two of the Oldest Statewide Insurance Trade Groups in U.S. Launch New Brands
- September 25, 2017, 2:55 pm
The Independent Insurance Agents & Brokers of New Jersey (IIABNJ) and The Independent Insurance Agents & Brokers of New York (IIABNY) launched new brands today for their respective associations. IIABNJ became Big I New Jersey and IIABNY is now also …
RMS Names Dailey to Lead U.S. Inland Flood Model in California
Don Jergler - September 25, 2017, 2:50 pm
RMS has named Pete Dailey vice president to lead flood model development in its California headquarters. Dailey will oversee the upcoming release of the RMS U.S. Inland Flood Mode, and he will lead the development of modeling tools. Dailey, an …
CNA Names Dasher Underwriting VP for Small Business
- September 25, 2017, 2:34 pm
Commercial lines insurer CNA has announced the appointment of Greg Dasher to vice president of underwriting for its Small Business segment. Dasher will be responsible for the small business segment’s strategic and operational underwriting objectives. Dasher is based in Chicago …
AIG Restructures Again; Commercial Lines CEO Schimek to Leave
- September 25, 2017, 2:20 pm
American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The company will no longer have Commercial and Consumer segments. Instead, General Insurance and Life & …
Note to Texas, Florida: Insurance Fights Over Sandy Rage On
Elizabeth Blosfield - September 25, 2017, 1:27 pm
The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas, Florida and elsewhere should brace themselves for a similar fight, …
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook
- September 25, 2017, 1:27 pm
S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The rating on ORESA is based on an explicit guarantee provided by Odyssey Reinsurance Co., which has an ‘A-‘ …
Two Workers Die in Separate New York Building Construction Site Falls
- September 25, 2017, 1:15 pm
Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the morning at a residential high-rise construction site in the financial district. Juan Chohillo …
Woman Dies in New Jersey After Getting Caught in Jose-Spawned Rip Current
- September 25, 2017, 1:03 pm
Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this week has died. Asbury Park police say 42-year-old Erin Higgins, of Harriman, and 54-year-old Ronald Renshtie, of Wallkill, New York, …
Lloyd’s Broker AFL Creates Energy Practice Led by Quick & Pearce from Tysers
- September 25, 2017, 11:45 am
AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce. AFL’s energy practice will serve both AFL’s clients and customers from other independent brokers connected to AFL through the …
Japan Post’s Stock Sale Raises $11B, but Demand Is Subdued
L.S. Howard - September 25, 2017, 10:54 am
A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at …
Bank of England Seeks Brexit Deal to Cover Derivative, Insurance Contracts
L.S. Howard - September 25, 2017, 10:21 am
The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity” of 20 trillion pounds ($27.1 trillion) of existing derivative contracts. The BOE’s Financial Policy Committee said on Monday that after …
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers
Andrew G. Simpson - September 25, 2017, 5:00 am
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.” The Financial Stability Oversight Council convened Friday to potentially remove …
Legal Experts See Room for Deal in Equifax Data Breach Lawsuits
Andrew G. Simpson - September 25, 2017, 5:00 am
Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security …

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