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Today’s Insurance News
Source: Insurance Journal
AM Best Downgrades Credit Ratings of California Casualty Group Members
- June 14, 2019, 8:59 pm
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of The California Casualty Indemnity Exchange in San Mateo, Calif., and its wholly owned subsidiaries. …
Arthur J. Gallagher Acquires Abram Interstate Insurance Services in California
- June 14, 2019, 8:55 pm
Arthur J. Gallagher & Co. has acquired Rocklin, Calif.-based Abram Interstate Insurance Services Inc. Terms of the deal were not disclosed. Ron Abram and his associates will remain in their current location under the direction of Joel Cavaness, president of …
Mississippi Requests Pumps from Federal Govt. to Ease Flooding
Jeff Amy - June 14, 2019, 4:42 pm
Faced with weeks more flooding in a part of Mississippi that’s been underwater since February, one of the state’s U.S. senators on Wednesday asked President Donald Trump to order temporary pumps to the area to begin pumping water over the …
Pinnacle Adds Schubert as Consulting Actuary in Atlanta
- June 14, 2019, 4:31 pm
Pinnacle Actuarial Resources, Inc. has hired Christopher J. Schubert as a consulting actuary in the firm’s Atlanta office. Schubert has more than 8 years of property and casualty actuarial experience. Prior to consulting, Schubert worked for a primary insurance carrier …
Chicago Council Approves $3.7M Settlement for Victims of 2014 Crash
- June 14, 2019, 4:07 pm
Chicago’s City Council approved a $3.7 million legal settlement to three people injured in a 2014 car crash. The bulk of the settlement is meant for Kelsey Ibach, who was paralyzed when an auto she was a passenger in landed …
Texas Governor Signs Disaster Relief, Preparedness Bills
Lara Korte, The Texas Tribune - June 14, 2019, 4:02 pm
Gov. Greg Abbott has signed four bills into law aimed at bolstering the state’s emergency preparedness and disaster relief programs, including framework that provides more than $1.6 billion for flood control projects and repairs across the state. The legislation, which …
Workplace Mass Shootings Are Rare But Still a Worry to Americans
- June 14, 2019, 3:24 pm
A postal worker on disability retirement for psychological issues returned to her workplace years later and killed six people. A Connecticut beer delivery worker irate over being forced to resign opened fire as he was being escorted out of the …
Nevada Attorney General Recommends $25M Wildfire Settlement
Scott Sonner - June 14, 2019, 2:47 pm
Nevada’s attorney general is recommending approval of a $25 million settlement with homeowners and insurance companies who sought more than $300 million in damages from the state after a fire destroyed 24 homes south of Reno when strong winds reignited …
Suit Filed Against Wyoming Developer in Deadly Trench Collapse
- June 14, 2019, 2:44 pm
A wrongful death lawsuit claims dangerous work conditions and a Wyoming developer’s negligence caused the deaths of two men when a trench collapsed last year. The Jackson Hole News and Guide reports the lawsuit was filed Tuesday on behalf of …
Travelers Beefing Up Wildfire Protection After 2018 California Blazes
Katherine Chiglinsky - June 14, 2019, 2:13 pm
Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …
Uber, Lyft Appeal for Deal on Driver Status as Independent Contractors
Josh Eidelson - June 14, 2019, 1:16 pm
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update century-old employment …
Rebranded Crime App Aims for ‘People-Powered Public Safety Net’
Olivia Carville - June 14, 2019, 1:00 pm
One afternoon in late October 2017, hundreds of students from the elite Avenues private school in Manhattan were loaded onto buses, ready to head home. Suddenly, school principal Abby Brody got a disturbing smartphone alert. The crime-tracking app Citizen buzzed …
AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation
- June 14, 2019, 12:30 pm
Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine. Effective immediately, Tom Fadden will be …
El Niño Conditions Likely to Continue Through Summer
- June 14, 2019, 12:29 pm
There is a 66% chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019, the National Weather Service’s Climate Prediction Center (CPC) said in its monthly forecast on Thursday. “The current downwelling oceanic Kelvin …
OSHA Proposes Nearly $1.8M in Fines After Roofer’s Death in Maine
- June 14, 2019, 12:00 pm
The federal Occupational Safety and Health Administration has proposed nearly $1.8 million in fines for a Maine roofing contractor after an employee died in December. An OSHA spokesman told the Portland Press Herald that the fine against Shawn Purvis is …
Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief
Alex Morales and Joe Mayes - June 14, 2019, 11:59 am
Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s biggest business group said in a warning to candidates jostling to succeed Prime Minister Theresa May. “I’ve never felt it …
Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman
- June 14, 2019, 11:27 am
Dutch marine engineer Boskalis said on Friday it had has been appointed to salvage both tankers that were hit in the Gulf of Oman in a suspected attack. Boskalis said the condition of the Front Altair tanker, carrying a cargo …
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms
- June 14, 2019, 11:07 am
China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and spills into the financial sector, said a lobby group representing global banks and asset managers. The Asia Securities Industry & …
Maryland’s Frederick Mutual Promotes Showalter to Vice President
- June 14, 2019, 10:58 am
Frederick Mutual, a Frederick, Md.-based insurance company, has promoted Jill Showalter to vice president and chief insurance operations officer. Showalter initially joined Frederick Mutual on October 2, 2017, as its new regional vice president. In this role, she was responsible …
Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues
Kelsey Johnson and Rod Nickel - June 14, 2019, 10:48 am
Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in March, citing pests in shipments by …
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July
Ross Larsen and Will Hadfield - June 14, 2019, 10:12 am
Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The company is expected to begin trading in London in …
Official Says Pilot Who Crashed Helicopter in NYC Radioed He Was Lost
Michael Sisak and Karen Matthews - June 14, 2019, 10:09 am
The pilot killed when his helicopter hit the roof of a New York City skyscraper in rain and fog radioed that he was lost and trying to get back to the heliport but couldn’t find it, an official briefed on …
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks
Julian Lee, Alex Longley and Will Hadfield - June 14, 2019, 9:44 am
Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as …
Oklahoma Workers’ Comp Commission to Hire External Consultant for Fee Schedule Review
- June 14, 2019, 6:57 am
The Oklahoma Workers’ Compensation Commission (WCC) reports that as a result of the passage of legislative revisions to 2013 workers’ compensation reforms, it is required to review and update the schedule of fees by which doctors who treat injured workers …
Texas Company to Pay $75K to Settle Disability Discrimination Suit
- June 14, 2019, 6:49 am
L-3 Communications, a large defense contractor with facilities in Texas, will pay $75,000 and furnish other relief to settle a federal disability discrimination lawsuit. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), an engineer hired …
Hicks Named Sr. VP, Chief Human Resources Officer for Farmers Alliance Cos.
- June 14, 2019, 6:43 am
Ryan Hicks has been named senior vice president, chief human resources officer for the Farmers Alliance Companies in McPherson, Kansas. With this promotion, Hicks becomes a member of the executive management team. Hicks joined Farmers Alliance in early 2016, after …
Feds Cite Texas Cancer Center For Patient Care, Safety Problems
- June 14, 2019, 6:26 am
A prominent cancer hospital in Houston will be subject to more aggressive federal oversight after authorities found the facility in violation of serious hospital requirements for patient care and safety. The clampdown on MD Anderson Cancer Center follows an “adverse …
16 More Alumni Sue Ohio State Over Abuse by Team Doctor
Kantele Franko - June 14, 2019, 6:21 am
Sixteen more Ohio State University alumni have sued the university over how school officials dealt with a team doctor who an investigation recently concluded had sexually abused at least 177 young men between 1979 and 1997. The federal case filed …
Iowa Woman Gets Probation in $14K Insurance Fraud Case
- June 14, 2019, 6:15 am
A southeastern Iowa woman has been sentenced to two years’ probation and ordered to pay more than $14,000 in restitution and penalties for insurance fraud. The Iowa Insurance Division said in a news release that 39-year-old Brandy Voss, of Oskaloosa, …
Family Sues Cruise Line, Alleging It Would Not Let Heart Attack Victim Off Ship
Christopher Palmeri - June 14, 2019, 5:00 am
The family of Jeffrey Eisenman, a 65-year-old passenger on the Carnival Sunshine, alleges in a lawsuit that the world’s largest cruise company wouldn’t let him off of the ship after he suffered a heart attack last December. Eisenman died on …

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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