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Today’s Insurance News
Source: Insurance Journal
Report: California Wildfires Will Get Worse, Blame Climate Change
Don Jergler - July 18, 2019, 8:20 pm
Hot, dry weather in California has resulted in a dramatic increase in wildfires. It will get worse – and you can blame climate change, according to a new report out. The report, Observed impacts of anthropogenic climate change on wildfire …
United Valley Adds Financial Management Network in Southern California
- July 18, 2019, 8:05 pm
United Valley Insurance Services Inc. has added Mission Viejo, Calif.-based Financial Management Network as a member. FMN is a wealth management advisory firm, and has a focus on providing coverage reviews for their financial planning clientele. United Valley Insurance Services …
5 New Lawsuits Filed in Fatal Minneapolis School Explosion
- July 18, 2019, 4:26 pm
Five new lawsuits have been filed more than two years after a natural gas explosion caused part of a Minneapolis school to collapse, killing two people and injuring nine others. The lawsuits say CenterPoint Energy and Master Mechanical knew their …
Allstate Says 60% of June Insured Cat Losses Came from Texas
- July 18, 2019, 4:19 pm
Announcing total estimated catastrophe losses for June, Allstate Corporation attributed 60 percent of those losses to four severe wind and hail weather events that primarily impacted Texas. Allstate estimated catastrophe losses for the month of June 2019 of $309 million, …
Worker Dies From Late June Explosion at Facility in NW Louisiana
- July 18, 2019, 4:09 pm
A northwest Louisiana coroner says a 43-year-old man has died of injuries from an industrial explosion late last month. The Caddo Parish Coroner’s Office says Jonathan Hall of the DeSoto Parish town of Stonewall died early Tuesday at Ochsner LSU …
Feds Approve Disaster Flooding Aid for 41 Oklahoma Counties
- July 18, 2019, 4:08 pm
Gov. Kevin Stitt says the Federal Emergency Management Agency has approved disaster assistance for 41 Oklahoma counties as a result of spring flooding and severe weather in the state. The storms produced historic flooding throughout the northern half of the …
Wyoming Refinery Sued over Environmental Violations
- July 18, 2019, 3:11 pm
The Wyoming attorney general’s office has sued an oil refinery, claiming it exceeded emission limits for a number of air pollutants. The Wyoming Tribune Eagle reported that the state filed the lawsuit last week against HollyFrontier Cheyenne Refining, alleging 17 …
Deaths from Nevada Car Crashes Down in June from 2018 Rates
- July 18, 2019, 3:00 pm
Fewer people died in car crashes on Nevada roads in June than they did a year earlier, according to state data. The Nevada Department of Public Safety reported 16 deaths from 16 crashes in June, which is almost half as …
California Cannabis Seller Wants Court to Void County Delivery Ban
Michael R. Blood - July 18, 2019, 2:58 pm
Another legal fight is underway over home marijuana delivery in California. A licensed cannabis company has sued Santa Cruz County, claiming that it’s violating state law by prohibiting deliveries from out-of-county retailers into a swath of unincorporated areas. The East …
Hamilton Appoints Krishnamoorthy to Newly Created Role of Chief Technology Officer
- July 18, 2019, 2:33 pm
Hamilton Insurance Group Ltd. announced that Venkat Krishnamoorthy has been appointed to the newly established position of chief technology officer. Reporting to Group CEO Pina Albo, Krishnamoorthy will be responsible for the ongoing development of the company’s data-driven technology strategy …
Specialty Insurer ProSight Hopes to Raise $140 Million with IPO
- July 18, 2019, 2:30 pm
ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million. The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares of common stock. Broken down, ProSight is selling …
No Workers’ Compensation Loss History? No Problem, Says Valen Analytics
- July 18, 2019, 1:48 pm
Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the property/casualty insurance industry. Valen has released the latest in …
New Jersey Man Charged in Murders Facing Insurance Fraud Charge
- July 18, 2019, 1:35 pm
A New Jersey man charged with killing his brother and the brother’s wife and two children is facing a new charge of insurance fraud. The Monmouth County Prosecutor’s Office refused to give any details of the latest charge against Paul …
Pennsylvania’s Harvey Insurance Group Rebrands as AssetSure
- July 18, 2019, 1:24 pm
Harvey Insurance Group LLC (HIG), a West Chester, Penn.-based independent insurance agency, has changed its name and brand to AssetSure to more accurately reflect the company’s expertise in protecting the financial well-being of clients through alliances with financial advisors and …
Teen Boy Dies After Accidental Fall During Pennsylvania YMCA Camping Trip
- July 18, 2019, 1:20 pm
Authorities say a 15-year-old boy attending a teen wilderness camp in western Pennsylvania has died after he was injured during an outing. But it’s not yet known how the accident occurred. Authorities say the teen fell Monday and was flown …
Cellphones Still a Flight Danger on Some Boeing Jets
Anita Sharpe - July 18, 2019, 12:52 pm
U.S. government officials in 2014 revealed an alarming safety issue: Passenger cellphones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes. More than 1,300 jets registered in the U.S. …
Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ
- July 18, 2019, 12:37 pm
Charles Schwab Corp. is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The deal, which could bring Schwab roughly $100 billion …
Government Data Shows How Opioid Epidemic Spread Across America
Mark Gillispie - July 18, 2019, 12:26 pm
Newly released federal data shows how drugmakers and distributors increased shipments of opioid painkillers across the U.S. as the nation’s addiction crisis accelerated from 2006 to 2012. The data, released this week by a federal court in Ohio as part …
Legacy Acquirer DARAG Purchases Book of Run-Off Business from UK’s One Re
- July 18, 2019, 12:05 pm
DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into agreement to buy a book of run-off business from One Re Ltd., a London-based non-life reinsurance company. The transaction will be conducted through DARAG’s German risk carrier, DARAG …
No-Deal Brexit Could Push UK Economy into Recession, Says Fiscal Watchdog
Andrew Atkinson - July 18, 2019, 10:24 am
A no-deal Brexit could plunge the British economy into recession, hammer the pound and drive up government borrowing, according to the U.K fiscal watchdog. The analysis from the Office for Budget Responsibility is based on the “less disruptive” of two …
Bulgaria Fights Spread of African Swine Fever
- July 18, 2019, 10:10 am
Bulgaria has stepped up measures to prevent the spread of deadly African swine fever and protect the country’s 600-million lev ($344 million) pig-breeding industry, the agriculture minister said on Wednesday. The highly contagious disease, which is incurable in pigs but …
Allied World CEO Carmilani Moves to New Role at Fairfax; Iglesias Named His Successor
- July 18, 2019, 8:48 am
Scott Carmilani, the founder and CEO of Allied World, has moved to a new role Fairfax Insurance Group, which aims to promote organic growth and collaboration initiatives across the company’s global insurance and reinsurance operations. Carmilani is being succeeded as …
Florida’s AssuredPartners Acquires UK-Based Hettle Andrews
- July 18, 2019, 7:42 am
AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed. Hettle Andrews is an integrated risk management and insurance …
Norris Now Sole Owner, CEO of National Real Estate Insurance Group in Missouri
- July 18, 2019, 5:42 am
Tim Norris has taken the helm as sole owner and chief executive officer of Kansas City, Missouri-based National Real Estate Insurance Group (NREIG). Norris founded the agency in 2008 but stepped back from day-to-day operations after the firm merged with …
Nearly 25K Citations Issued in First Year of Georgia Hands-Free Law
- July 18, 2019, 5:40 am
Citations for distracted driving have jumped in the past year since Georgia made it illegal to drive while holding a cellphone. A state law that took effect July 1, 2018, prohibits drivers from holding a cellphone while they’re behind the …
Illinois Governor Asks Residents to Report Flood Damage
- July 18, 2019, 5:35 am
Illinois Gov. J.D. Pritzker is urging residents of his state to report flood damage to their county’s emergency management agencies. He says such action will increase the likelihood the state will qualify for federal disaster aid. According to the governor’s …
With Expansion, Iowa’s Cottingham & Butler Bringing 25 Jobs to Dysersville
- July 18, 2019, 5:32 am
Dubuque, Iowa-headquartered insurance broker, Cottingham & Butler, is opening a new office in Dyersville, Iowa, and is looking to hire account managers and customer service representatives. The firm provides property/casualty and employee benefits products and services. It plans to add …
Boeing Creates $50M Crash Victims’ Fund; Hires Feinberg to Oversee
David Shepardson - July 18, 2019, 5:00 am
Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired …
FAA Hit for New Delay in Remote Drone Tracking Program
David Shepardson - July 18, 2019, 5:00 am
The Federal Aviation Administration has again delayed plans to propose new rules requiring the remote identification of drones, according to records and a member of Congress on Wednesday. Congress directed the FAA in 2016 to issue regulations or guidance by …
California Settles 19-Year Old Public Nuisance Claim Against Lead Paint Makers
Joshua Schneyer - July 18, 2019, 5:00 am
When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes. After a 19-year legal struggle, they have finally succeeded in …

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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