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Today’s Insurance News
Source: Insurance Journal
Ripley Entertainment Settles Some Missouri Duck Boat Lawsuits
- July 15, 2019, 4:37 pm
A company that owns a duck boat that sank on a Missouri lake last summer, killing 17 people, said that it has settled or is in the process of settling more than half of the lawsuits it faces. KYTV reports …
Virtus Acquires Cobbs Allen’s Kansas City Employee Benefits Unit
- July 15, 2019, 4:35 pm
Insurance brokerage, Virtus, has acquired Cobbs Allen’s Kansas City employee benefits practice. This acquisition supplements Virtus’ Kansas City presence and adds depth and expertise to its employee benefits practice group. Virtus was founded in Kansas City in 2013 with a …
AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units
- July 15, 2019, 4:27 pm
Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …
Missouri Governor Vetoes Repeal of Motorcycle Helmet Law
- July 15, 2019, 4:26 pm
Missouri Gov. Mike Parson has vetoed a bill that would have allowed some motorcycle riders to drive without helmets, citing opposition to an unrelated provision in the measure. The legislation would have repealed Missouri’s helmet requirement for motorcycle riders who …
4.6, 3.5 Magnitude Earthquakes Rattle Greater Seattle Area
- July 15, 2019, 4:23 pm
Two earthquakes shook the Puget Sound region in Washington state early Friday morning, with the temblors felt into British Columbia and across the Cascade Mountains into the eastern part of the state. There were no immediate reports of damage or …
Nevada Officials Expect Interest in Quake Coverage to Rise
- July 15, 2019, 4:14 pm
Few Nevada residents and businesses have earthquake coverage, but insurance officials said they are expecting interest to increase after the two California earthquakes that rattled the region. The magnitude 6.4 and magnitude 7.1 quakes in the Southern California desert last …
Oklahoma, J&J Wrapping Up First Trial Over Opioid Crisis
Nate Raymond - July 15, 2019, 4:11 pm
Oklahoma’s attorney general is expected to urge a judge to find Johnson & Johnson responsible for flooding the market with painkillers and fueling the U.S. opioid epidemic, as the first trial in nationwide litigation over the drug crisis comes to …
Risk Strategies Acquires California’s Winter Group
- July 15, 2019, 4:05 pm
Risk Strategies, a privately held, national insurance brokerage and risk management firm headquartered in Boston, has acquired San Diego, California-based Winter Group Inc., a specialty insurance program manager with a focus on the trucking industry. Terms of the deal were …
Petri Honored with ICT’s Raymond Mauk Leadership Award
- July 15, 2019, 3:58 pm
The Insurance Council of Texas has presented the Raymond Mauk Leadership Award to Verle Petri, a long time insurance executive and expert on Texas insurance regulation and policy. ICT honored Petri with the award during the 27th Annual ICT/AFACT Property …
Court Blocks Trump Rule on Employer Religious Exemption for Contraceptive Coverage
- July 15, 2019, 3:41 pm
A federal appeals court upheld a lower court order that blocked the Trump administration from enforcing rules that allow more employers to deny insurance coverage for contraceptives to women. The three-judge panel of the 3rd U.S. Circuit Court of Appeals …
SkyWatch.AI Launches On-Demand Drone Insurance in UK, Underwritten by Chaucer
- July 15, 2019, 2:10 pm
SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty insurance and reinsurance group Chaucer. SkyWatch.AI is offered by on-demand, usage-based specialized …
Connecticut’s Saxe Doernberger & Vita Hires Baptiste-Perez to Northeast Office
- July 15, 2019, 1:56 pm
Saxe Doernberger & Vita, P.C. (SDV) has hired associate Christine Baptiste-Perez to its SDV Northeast office. Before attending law school, Baptiste-Perez taught high school Spanish in Louisiana and worked in human resources recruitment. She comes to SDV with a background …
3 New African Affiliates Join Brokerslink Global Network
- July 15, 2019, 1:45 pm
Global insurance broking business Brokerslink announced three new African affiliates have joined its global broker network bringing its presence across the Middle East and Africa region to 36 countries. The new affiliates are; Assureurs Conseil Réunis (C.R.) in Gabon Indian …
AIG Names Accenture’s Parker as Information Security Deputy Chief
- July 15, 2019, 1:18 pm
American International Group reported that Tom Parker is joining the company as deputy chief Information Security officer. Parker will work with Rich Baich, AIG’s chief Information Security officer, on global cybersecurity risk management strategies. Parker joins AIG from Accenture Security, …
USI Insurance Services Acquires Pennsylvania’s JRG Advisors
- July 15, 2019, 1:09 pm
USI Insurance Services (USI) has acquired Wexford, Penn.-based employee benefits services firm, JRG Advisors LLC. The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits wholesale brokerage division. USI is a Valhalla, N.Y.-headquartered insurance brokerage and consulting …
Sandy Hook Parents Lose Appeal Against Newtown Over School Shooting
Jonathan Stempel - July 15, 2019, 1:05 pm
A Connecticut state appeals court has rejected an appeal by the parents of two shooting victims of the 2012 Sandy Hook massacre to hold the town of Newtown and its school district liable. While calling the case “undeniably tragic,” the …
ConEd Faces Heat After Times Square Goes Dark
Lynn Doan, Bloomberg, Will Wade, Shoko Oda and Amanda Albright - July 15, 2019, 12:57 pm
It lasted all of five hours – and hit just the spot on New York’s power system to take out the lights in Times Square, force the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert …
YouTube Star’s E-Scooter Death Renews Safety Concerns of this ‘Alternative Transport’
Amanda Albright - July 15, 2019, 12:11 pm
A YouTube star’s death on an electric scooter may renew safety concerns as scooter companies aggressively seek to expand their presence as “alternative transportation.” Emily Hartridge, a television presenter who made videos about fitness and mental health, died after her …
Panama to Withdraw Flags from More Vessels that Violate Iran Sanctions: Reuters
Marianna Parraga and Elida Moreno - July 15, 2019, 9:17 am
Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country’s maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months. After …
EC3 Brokers Expands in U.S., Adding Norris, Holley in Dallas
- July 15, 2019, 6:33 am
EC3 Brokers US has expanded with the appointments of James Norris as chief actuary and Terry Holley as senior vice president. Norris and Holley are based in Dallas. They will report to Chris Hilton, president of EC3 Brokers US, and …
11K Birds Killed in Fire at North Carolina Chicken House
- July 15, 2019, 5:09 am
A North Carolina fire marshal says a large fire destroyed a chicken house and killed 11,000 birds. News sources report Alexander County Fire Marshal Russell Greene says the fire on Thursday morning caused an estimated $300,000 in damages. Investigators say …
Western Growers in California Names Martin Director of Employee Benefits Account Management
- July 15, 2019, 5:00 am
Irvine Calif.-based Western Growers Insurance Services Inc. has named Jodi Martin director of employee benefits account management. Martin will lead account management activities while also supporting the growth and retention of WGIS’ customer base. Martin has more than 30 years …
U.S. Opens Criminal Probe Into J&J Denials of Cancer Risks from Baby Powder
Jef Feeley - July 15, 2019, 5:00 am
The U.S. Justice Department is pursuing a criminal investigation into whether Johnson & Johnson lied to the public about the possible cancer risks of its talcum powder, people with knowledge of the matter said. The criminal probe, which hasn’t been …
Facebook Facing $5 Billion FTC Fine Over Cambridge Analytica Data Sharing
David Shepardson and Diane Bartz - July 15, 2019, 5:00 am
The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday. The FTC has …
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services
Pete Schroeder and Ismail Shakil - July 15, 2019, 5:00 am
A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation …
Motorists Insurance, BrickStreet Mutual Rebrand Together as Encova Mutual
- July 15, 2019, 5:00 am
Motorists Insurance Group and BrickStreet Mutual Insurance Co. are now Encova Mutual Insurance Group following the announcement of the new brand name and identity for their joint venture. Columbus, Ohio-based property/casualty insurer Motorists and Charleston, West Virginia-based workers’ compensation insurer …
U.S. Boosting Marijuana Crop Available for Research
Carla K. Johnson - July 15, 2019, 5:00 am
The U.S. government is growing the largest crop of research marijuana in five years, responding to interest in varieties with high levels of THC and CBD. The government is the only source of pot for nearly all research in the …
Kentucky to Fine Jim Beam Over Warehouse Fire, Bourbon Spill
- July 15, 2019, 4:59 am
Authorities say Jim Beam will be fined for the warehouse fire that contaminated nearby waters with bourbon and killed fish. Kentucky’s Energy and Environment Cabinet spokesman John Mura tells WKYT-TV that there will be a penalty. He says the state …
Florida-Based Olympus Insurance Appoints Carpenter AVP of Sales, Marketing
- July 15, 2019, 4:45 am
Olympus Insurance Co. has appointed James “Jim” Carpenter as assistant vice president of Sales and Marketing. Carpenter has more than 20 years of experience in the property & casualty insurance industry, seven of which he spent at Tower Hill Insurance. …
Miami Insurance Agent Arrested in $1.7M Fraud Scheme
- July 15, 2019, 4:14 am
A former Miami insurance agent has been arrested for allegedly stealing more than $1.7 million in insurance premiums from two insurance premium finance companies, according a statement from Florida CFO Jimmy Patronis. Antonio Jesus Zoghbi, owner of Florida Insurance Agency …

The Amynta Group Announces Acquisition of ClearView Risk Holdings.

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

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