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Today’s Insurance News
Source: Insurance Journal
NSAIDs Overtake Opioids as Top Workers’ Comp Drug in California
- February 15, 2019, 9:18 pm
Non-steroidal anti-inflammatories, or NSAIDs, have supplanted opioids as the most common therapeutic drug group prescribed to injured workers in California, according to a new California Workers’ Compensation Institute study. The study also finds that payment data show that both dermatological …
Texas Bill Would Protect First Responders’ Work Comp Claims from Illegal Denials
- February 15, 2019, 5:08 pm
A bill recently filed in the Texas House of Representatives would penalize insurers that illegally deny Texas first responders access to medical treatment for line-of-duty injuries covered under state workers’ compensation laws. According to one of the authors of House …
Wyoming Avalanche Causes Damages, No Injuries
- February 15, 2019, 4:17 pm
Heavy snowfall caused an avalanche in Wyoming. Snow tumbled onto a highway in northwest Wyoming, damaging one car but not injuring anyone. The Wyoming Department of Transportation says an avalanche occurred around noon Wednesday and sent snow onto U.S. 89 …
Lockheed Martin Sued for Fraud over Washington Nuclear Site
- February 15, 2019, 4:14 pm
The U.S. Justice Department is accusing Lockheed Martin Corp. of using false records and making false statements to bill the Energy Department for tens of millions of dollars in unauthorized profits and fees at the Hanford Nuclear Reservation in Washington. …
Ryan Specialty Group to Acquire Texas’ Myron F. Steves & Co.
- February 15, 2019, 3:49 pm
Chicago-based Ryan Specialty Group LLC has reached an agreement to acquire the assets and operations of Myron F. Steves & Co. (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices in Austin, Dallas and …
Washington Business Owner And Mom Charged with Insurance Fraud
- February 15, 2019, 3:44 pm
Two Yakima County, Wash. residents were charged in Superior Court this week in connection with separate auto insurance fraud claims. The charges followed investigations by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. William Gaethle, of Yakima, was charged with first-degree …
Mudslides Carry Away Homes, Water Rescues Needed in California Storm
- February 15, 2019, 3:35 pm
Motorists swam for their lives and residents were rescued from homes sliding downhill as the wettest winter storm of the year triggered floods and mudslides across California on Thursday. In Sausalito, just across the Golden Gate Bridge from San Francisco, …
Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb
- February 15, 2019, 3:32 pm
A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The Chubb survey of 1,000 SMEs across Singapore, Hong …
State Farm Announces 4.9% Auto Insurance Rate Decrease in Virginia
- February 15, 2019, 2:54 pm
State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm …
N.Y. Construction Worker Injured by Steel Plate
- February 15, 2019, 2:47 pm
Police in Long Island, N.Y., say a construction worker has his legs severed below the knee when a steel plate knocked him into a hole and landed on him. Officials say the unidentified 39-year-old man was working to install a …
Troubled Delaware Poultry Plant Reports Wastewater Spill
- February 15, 2019, 2:44 pm
State environmental officials say a southern Delaware poultry processing facility with a history of wastewater violations has reported an accidental discharge of up to 1 million gallons of partially treated wastewater. Officials say Arkansas-based Mountaire Farms reported that the release …
EPA Readies ‘Forever Chemical’ PFA Safety Plan Amid Calls for Tougher Action
Ellen Knickmeyer and John Flesher - February 15, 2019, 2:22 pm
The Environmental Protection Agency is expected to announce a plan for dealing with a class of long-lasting chemical contaminants amid complaints from members of Congress and environmentalists that it’s not moved aggressively enough to regulate them. So-called forever chemicals, perfluoroalkyl …
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
- February 15, 2019, 1:51 pm
Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in Australia and New Zealand. Agile has been a strategic partner since …
Hanover Partners with RSA Group to Expand International Specialty Offerings
- February 15, 2019, 1:34 pm
The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic businesses with overseas risks. …
What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit
Kylie MacLellan - February 15, 2019, 12:30 pm
Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United Kingdom is due by law to …
Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits
- February 15, 2019, 10:35 am
Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a full-service employee benefits consulting …
Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
Noor Zainab Hussain - February 15, 2019, 10:01 am
Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We have negotiated with Lloyd’s and we will write businesses …
UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down
Ian Wishart, Tim Ross and Kitty Donaldson - February 15, 2019, 9:53 am
British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator, Michel …
Allianz Q4 Net Profit Rises 19% to $1.92 Billion
- February 15, 2019, 9:35 am
Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz …
Dubai International Airport Suspends Flights over Suspected Drones
Ladane Nasseri - February 15, 2019, 9:05 am
Flights from Dubai International Airport were suspended for half an hour starting from 10:13 a.m. local time over “suspected drone activity,” a Dubai Airports spokesperson said in an emailed statement. A hub for Emirates airlines, the airport in Dubai is …
Hubbell Promoted to Chief Risk Officer at TDECU
- February 15, 2019, 7:11 am
Michael Hubbell, who has served as vice president of Risk Management for TDECU – Your Credit Union, has been appointed chief risk officer for the Lake Jackson, Texas-based credit untion. Hubbell will report to the credit union’s President and Chief …
Travelers to Provide Auto Insurance for Lexus Complete Lease Program
- February 15, 2019, 6:10 am
The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …
Natural Gas Company to Pay $3.15M Fine for Polluting West Virginia Waterways
- February 15, 2019, 6:02 am
A Colorado-based natural gas producer has agreed to pay a $3.15 million civil penalty to resolve pollution violations at 32 drilling sites in West Virginia. The U.S. Department of Justice says in a news release the agency and the West …
Look Who Is Betting on the Agency System
Andrea Wells and Andrew G. Simpson - February 15, 2019, 6:00 am
According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and …
New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
Andrea Wells - February 15, 2019, 6:00 am
The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low truck supply and the rising …
Kentucky Governor Voices Support for Medical Marijuana as Legislature Weighs Bill
Bruce Schreiner and Adam Beam - February 15, 2019, 5:54 am
Kentucky Gov. Matt Bevin spoke about his support for legalizing medical marijuana in highly personal terms on Tuesday, telling a community forum that his teenage nephew died after fighting “a very hard battle with cancer.” Asked about his stance on …
Famed Beachside Bar in Florida Panhandle Destroyed by Fire
- February 15, 2019, 5:19 am
Fire officials in Florida’s Panhandle say a fire has destroyed a famed beachside restaurant and bar. The South Walton Fire District said in a Facebook posting that crews responded to the Red Bar around 6 a.m. Wednesday. Several roads in …
Yamazaki Colwell Joins Alliant in Atlanta
- February 15, 2019, 5:00 am
Yumi Yamazaki Colwell has joined the Employee Benefits Group of Alliant in Atlanta as first vice president. Yamazaki Colwell has experience in the global automotive/manufacturing industry, particularly in the U.S. and Asia, and will provide a full range of benefits …
NTSB: Ohio Medical Helicopter Made ‘Sharp Left Turn’ Before Fatal Crash
Andrew Welsh-Huggins - February 15, 2019, 1:22 am
An Ohio medical helicopter on its way to pick up a hospital patient made “a sharp left turn” before a crash that killed three people including the pilot last month, according to a preliminary federal report. The report released by …
Iowa Embassy Suites Hotel Settles with Woman Who Was Raped in Her Room
- February 15, 2019, 1:11 am
An Iowa hotel has settled a lawsuit with a New Jersey woman who was raped and battered after the front desk gave the attacker her room key. Attorneys for Cheri Marchionda say the operators of the Embassy Suites Hotel 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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