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Today’s Insurance News
Source: Insurance Journal
Vertafore Acquires Analytics Firm RiskMatch
Andrew G. Simpson - April 25, 2017, 5:14 pm
Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and carriers. Founded in 2013, RiskMatch delivers web-based services, analytics, internal and external benchmarking capabilities, …
Louisiana’s Governor Declares State of Emergency Over Disappearing Coastline
Stephanie K. Jones - April 25, 2017, 4:55 pm
Louisiana Gov. John Bel Edwards on April 19 signed an emergency proclamation declaring the Louisiana Coast in a state of crisis and emergency. The emergency proclamation will be sent to President Donald Trump and members of Congress as a necessary …
XL Catlin Enhances International Liability Policies for U.S.-based Businesses
Amy O'Connor - April 25, 2017, 4:52 pm
XL Catlin’s Multinational Casualty business has introduced a new international liability coverage form designed for U.S.-based multinational companies to address their most complex casualty needs. The XL Catlin’s International Liability policy addresses the challenge of coordinating coverage territory between the …
Texas Surplus Lines Stamping Office Names 3 New Board Members
Stephanie K. Jones - April 25, 2017, 4:45 pm
The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors. These individuals are part of a nine-member board appointed by the Texas Commissioner of Insurance. Each board member serves a three-year …
Chubb’s Combined Insurance Moves to Chicago’s Triangle Plaza
Stephanie K. Jones - April 25, 2017, 4:43 pm
Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and a Chubb company, has moved from its Glenview, Ill., office into Chicago’s Triangle Plaza, effective April 10. Approximately 300 Combined Insurance employees are based out …
American Dental Association to Pay $1.95M in EEOC Discrimination Case
Stephanie K. Jones - April 25, 2017, 4:37 pm
The American Dental Association, which is headquartered in Chicago, has agreed to pay $1.95 million to resolve two charges of discrimination which were investigated by the Chicago District Office of the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …
Heavy Rains in South Carolina Cause Street Flooding, Power Outages
Amy O'Connor - April 25, 2017, 4:36 pm
Heavy rains moving across South Carolina have left street flooding and scattered power outages. Duke Energy reported more than 2,500 customers without electricity Monday morning. Most of those were in Greenville County. South Carolina Electric and Gas Co. reported about …
EPA Says 3 Injection Wells Source of Contamination in Oklahoma Creek
Stephanie K. Jones - April 25, 2017, 4:29 pm
The Environmental Protection Agency says it has narrowed the source of salt contamination in an Osage County, Oklahoma, creek to three nearby oil and natural gas injection wells. The Tulsa World reports the contamination was first reported in August 2016 …
10-Year Old Boy Set Fire at Ohio Store with People Inside, Police Say
Stephanie K. Jones - April 25, 2017, 4:27 pm
Police say a 10-year-old boy has been charged as a juvenile with aggravated arson after a fire at an Ohio discount store caused damage estimated at more than $200,000. Middletown police Lt. Jim Cunningham says about 10 people were inside …
Michigan Lawmaker’s Proposal Would Allow Auto Insurance Options
Stephanie K. Jones - April 25, 2017, 4:25 pm
Michigan state Rep. Jason Sheppard of Temperance has introduced legislation that he says would help drivers and families financially saddled by Michigan’s exorbitant automobile insurance rates. House Bill 4488 will allow consumers to choose a level of coverage, up to …
MetLife Asks Court to Delay ‘Too Big to Fail’ Challenge as Trump Vows Review
Andrew G. Simpson - April 25, 2017, 4:05 pm
MetLife Inc. is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while President Donald …
New Jersey’s York Names Walsh Executive Vice President and Chief Claims Officer
- April 25, 2017, 3:30 pm
York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has named Patrick Walsh as executive vice president and chief claims officer for York …
Colorado City Agrees to Pay $212K in Racial Profiling Suit
Don Jergler - April 25, 2017, 2:49 pm
A Colorado city has agreed to pay $212,000 to settle a racial profiling lawsuit over the arrest of two black men that was captured on cellphone video and widely viewed on social media. The Colorado Springs Gazette reported the city …
Inspectors Find Continuing Safety Issues at Washington Mental Hospital
Don Jergler - April 25, 2017, 2:47 pm
Inspectors who visited Washington state’s largest psychiatric hospital found that safety problems that thrust the facility into the national spotlight after the escape of two dangerous patients a year ago persist, including neglected patients. And a survey of Western State …
Small Quake Hits California Coast Near Santa Barbara
Don Jergler - April 25, 2017, 2:44 pm
A small earthquake has rattled parts of the Southern California coast. The U.S. Geological Survey confirmed the magnitude-3.6 quake hit just before 11 a.m. Sunday about 3 miles east of Santa Barbara. A sheriff’s dispatcher says there are no immediate …
Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team
Andrew G. Simpson - April 25, 2017, 1:59 pm
Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been appointed chairman of Global FINEX and head of FINEX for all …
New York City House Fire Kills 5, Including Children
Elizabeth Blosfield - April 25, 2017, 1:28 pm
Investigators are scouring for clues about what sparked a fast-moving New York City house fire that killed five people, including two young boys and two teenage girls. The fire broke out Sunday afternoon, on a street full of single-family homes …
Swiss Re Economists Win Award for Research on Nat Cat Protection Gap
- April 25, 2017, 1:28 pm
The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of Swiss Re received the award for their paper on “The …
Schumer Calls for Better Communication After New York Penn Station Stampede
- April 25, 2017, 1:18 pm
Sen. Charles Schumer says the stampede that injured 16 people at New York’s Penn Station just over a week ago shows a need for better coordination between law enforcement agencies at transportation hubs. The stampede erupted April 14 following false …
Massachusetts’ Eastern Insurance Hires Gross from Hanover Insurance
- April 25, 2017, 1:08 pm
Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17 years of insurance and sales experience …
RIMS 2017: Firms Value Cyber Assets Highly Until Time for Insurance
- April 25, 2017, 12:59 pm
Despite believing that their plant, property and equipment are now less valuable than their cyber assets, most organization spend four times more on insurance protecting their physical plants, properties and equipment than they do their information-based assets. The 2017 Cyber …
Large Claims Becoming More Expensive, Complex & Global: Allianz
L.S. Howard - April 25, 2017, 12:19 pm
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …
French Prosecutors Probe Peugeot Parent over Alleged Emissions Fraud
L.S. Howard - April 25, 2017, 9:55 am
French prosecutors started a preliminary investigation of alleged fraud at PSA Group, the latest car manufacturer to be targeted over potential violations of emissions rules in the aftermath of Volkswagen AG’s diesel-cheating scandal. The stock fell the most in two months. …
Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role
- April 25, 2017, 8:20 am
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to LSM’s head of Europe, Kadidja Sinz. …
XL Catlin Participates in Consortium Bringing Driverless Cars to UK
- April 25, 2017, 7:51 am
Oxbotica, the Oxford-based artificial intelligence company that is developing driverless cars for the UK, announced it is leading a consortium of companies that plans to trial a fleet of fully autonomous vehicles in urban areas and on motorways, culminating in …
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
L.S. Howard - April 25, 2017, 6:48 am
Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences …
Authorities Investigating Cause of 16-Car Pileup on Georgia’s I-75
Amy O'Connor - April 25, 2017, 5:27 am
The Georgia State Patrol says 10 people were injured in a 16-car pileup that shut down southbound Interstate 75 for nearly four hours. WSB-TV reports that the accident happened just before 2 p.m. on Sunday along I-75 at Allatoona Lake …
Bird Flu Restrictions Ended for Georgia Poultry Producers
Amy O'Connor - April 25, 2017, 5:22 am
Officials say they have ended restrictions on poultry producers that were enacted after the first confirmation of avian influenza in commercial birds in Georgia. News outlets report state veterinarian Robert M. Cobb Jr. said in a news release that effective …
Disney Says Man Died From Pre-Existing Condition After Orlando Ride
Amy O'Connor - April 25, 2017, 5:17 am
A 54-year-old man died after riding Disney’s Big Thunder Mountain Railroad roller coaster in February. The man had a pre-existing condition and collapsed and died at a hospital after riding the roller coaster. The Orlando Sentinel said man’s death was …
Bush Beats Trump! And Other Insurance Political Giving News
Andrew G. Simpson - April 25, 2017, 5:00 am
Monumental views on insurance and risk in the nation’s capital?  Surely we jest. Well,  we will  take an occasional dip into the Potomac waters to poke fun, but overall we hope this reporting on insurance and risk as seen from the nation’s …

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

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