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Today’s Insurance News
Source: Insurance Journal
The Andrew Agency Acquires Crowder & Holloway in Virginia
- August 28, 2015, 8:55 pm

The Andrew Agency, an independent insurance agency in Richmond, Virginia, announced it has acquired Crowder & Holloway in South Hill, Virginia. Terms of the transaction were not disclosed. Founded in 1936, Crowder & Holloway is an insurance broker providing personal …

The article The Andrew Agency Acquires Crowder & Holloway in Virginia appeared first on Insurance Journal.

BoatUS Launches Peer-to-Peer Boat Insurance Program
- August 28, 2015, 4:59 pm

BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …

The article BoatUS Launches Peer-to-Peer Boat Insurance Program appeared first on Insurance Journal.

N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras
- August 28, 2015, 4:54 pm

A suburban New York man facing criminal charges for tampering with several red light cameras said that he knew he would be arrested after posting video of his actions online but that it was done in protest of government abuse. …

The article N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras appeared first on Insurance Journal.

District of Columbia Issues Price Optimization Ban Bulletin
- August 28, 2015, 4:52 pm

The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is discriminatory and that it violates the District’s anti-discrimination insurance laws. The Department’s …

The article District of Columbia Issues Price Optimization Ban Bulletin appeared first on Insurance Journal.

Kansas Firm Sentenced for Mishandling Chemicals
- August 28, 2015, 4:49 pm

An El Dorado, Kan., company has been ordered to pay $97,612 in restitution and a $10,000 fine for mishandling waste chemicals, U.S. Attorney Barry Grissom said. The company also must pay a $400 special assessment and serve three years on …

The article Kansas Firm Sentenced for Mishandling Chemicals appeared first on Insurance Journal.

New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak
- August 28, 2015, 4:46 pm

Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said it has agreed under …

The article New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak appeared first on Insurance Journal.

Kentucky Supreme Court Reinstates Jury Award to Former Track Coach
- August 28, 2015, 4:45 pm

The Kentucky Supreme Court has reinstated a jury’s $300,000 award to a former Louisville, Ky., assistant track coach who claimed she was fired for filing a sexual harassment complaint. The Supreme Court said on August 20 that Mary Banker is …

The article Kentucky Supreme Court Reinstates Jury Award to Former Track Coach appeared first on Insurance Journal.

Florida Nightclub Reaches $5M Settlement with Patron Attacked by Bouncer
- August 28, 2015, 4:40 pm

Attorneys say a young man who was attacked by a bouncer at a South Beach nightclub has received a $5 million settlement. The lawyers representing 22-year-old Youness Adlan announced the settlement August 26. The Miami Herald reports that it is …

The article Florida Nightclub Reaches $5M Settlement with Patron Attacked by Bouncer appeared first on Insurance Journal.

Slape, Brady Named Deputy Commissioners at Texas DOI
- August 28, 2015, 4:38 pm

Texas Insurance Commissioner David Mattax announced two key executive positions on his staff. Doug Slape will become deputy commissioner for financial regulation, and Kevin Brady was named deputy commissioner for agency affairs. Slape replaces Danny Saenz, who is retiring after …

The article Slape, Brady Named Deputy Commissioners at Texas DOI appeared first on Insurance Journal.

2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties
- August 28, 2015, 4:35 pm

North Carolina Insurance Commissioner Wayne Goodwin announced the arrests of Pamela Christine Liles, 31, and Travis Paul Randolph, 30, of Siloam. Department of Insurance criminal investigators accuse Liles of insurance fraud in three counties, and Randolph of insurance fraud in …

The article 2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties appeared first on Insurance Journal.

Company in Minnesota Vikings Stadium Fatality Had Safety Citations
- August 28, 2015, 4:33 pm

The subcontractor involved in a fatal accident at the Minnesota Vikings stadium construction site has received nine citations for worksite safety violations in the past five years, according to public records. A Berwald Roofing Co. employee was killed on Aug. …

The article Company in Minnesota Vikings Stadium Fatality Had Safety Citations appeared first on Insurance Journal.

Russell Named President, CEO of Ohio Mutual Insurance
- August 28, 2015, 4:32 pm

Mark C. Russell has been tapped as the next president and chief executive officer of Ohio Mutual Insurance Group, succeeding the company’s current retiring leader Jim Kennedy. Russell comes to Ohio Mutual from Columbus, Ohio-based Grange Insurance, where he has …

The article Russell Named President, CEO of Ohio Mutual Insurance appeared first on Insurance Journal.

Hiscox Appoints Giralt as Head of Property for Miami MGA
- August 28, 2015, 4:30 pm

Specialist global insurer Hiscox has appointed John Giralt as head of Property for its Miami MGA operation. Joining from Catlin XL where he was a director covering the Americas, Giralt was responsible for managing the Latin American and Caribbean underwriting …

The article Hiscox Appoints Giralt as Head of Property for Miami MGA appeared first on Insurance Journal.

Florida-Based Advanced E&S Group Opens Dallas Office
- August 28, 2015, 4:29 pm

Advanced E&S Group, a Florida-based managing general agency, has hired April Moeser, branch manager, and Lisa Sherman, underwriting, to facilitate the opening of the firm’s new branch office operations in Dallas, Texas. The Dallas office will work closely with retail …

The article Florida-Based Advanced E&S Group Opens Dallas Office appeared first on Insurance Journal.

Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York
- August 28, 2015, 4:26 pm

Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk insurance, hired Lidore DeRose as senior underwriting counsel, representations …

The article Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York appeared first on Insurance Journal.

Washington Judge Sets Limits in Civil Case over Deadly Oso Mudslide
- August 28, 2015, 3:31 pm

A King County Superior Court judge is considering which claims can be brought in a civil trial that will explore whether anyone should be held responsible for the deadly Oso, Wash. mudslide. The Daily Herald reported that Judge Roger Rogoff …

The article Washington Judge Sets Limits in Civil Case over Deadly Oso Mudslide appeared first on Insurance Journal.

Wildfire Threatens Idaho Town, Evacuations Ordered
- August 28, 2015, 3:27 pm

Residents in west-central Idaho near the town of Riggins were told to flee due to a wildfire that expanded to 40 square miles Thursday, an 11-square-mile jump. Fire managers say the fire made runs through the tops of trees and had …

The article Wildfire Threatens Idaho Town, Evacuations Ordered appeared first on Insurance Journal.

Former California Probation Officer Nabbed For Fraud While on Probation – for Fraud
- August 28, 2015, 3:09 pm

A former Los Angeles County probation officer, Robyn Palmer, 29, of Long Beach, Calif. was arrested Thursday on six felony counts of insurance fraud for allegedly forging documents to illegally collect disability insurance benefits while serving probation for another insurance …

The article Former California Probation Officer Nabbed For Fraud While on Probation – for Fraud appeared first on Insurance Journal.

California Lawmakers Equal Pay Law Said to be Toughest in U.S.
- August 28, 2015, 2:58 pm

California lawmakers approved legislation mandating equal pay for women in what the bill’s author called the toughest such law in the U.S. The Assembly voted 66-2 for the measure requiring employers to pay men and women the same for “substantially …

The article California Lawmakers Equal Pay Law Said to be Toughest in U.S. appeared first on Insurance Journal.

Deadly Erika May Weaken Before Reaching Florida on Monday
- August 28, 2015, 1:45 pm

Deadly Tropical Storm Erika may weaken as it passes over the mountains of the Dominican Republic Friday before continuing on a path that may bring it to Florida on Monday. Erika was 90 miles (144 kilometers) east-southeast of Santa Domingo …

The article Deadly Erika May Weaken Before Reaching Florida on Monday appeared first on Insurance Journal.

Franchises, Staffing Firms Ruled Joint Employers Under Labor Law
- August 28, 2015, 12:41 pm

More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National Labor Relations Board, in a closely …

The article Franchises, Staffing Firms Ruled Joint Employers Under Labor Law appeared first on Insurance Journal.

Confessions of an Underage, Unlicensed Truck Driver
- August 28, 2015, 12:28 pm

American Trucking Associations executive Howard Abramson recently made a case in the New York Times for higher safety standards for trucks. It’s not hard to understand why: Large trucks were involved in at least 327,000 traffic accidents in 2013, killing almost 4,000 …

The article Confessions of an Underage, Unlicensed Truck Driver appeared first on Insurance Journal.

How Genome Sequencing Is Transforming Food Safety
- August 28, 2015, 10:40 am

Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly and prevent additional cases. Previously, samples from sick patients were sent …

The article How Genome Sequencing Is Transforming Food Safety appeared first on Insurance Journal.

AIG’s Lavastone in Dispute with Life Settlements Firm Coventry
- August 28, 2015, 10:31 am

An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …

The article AIG’s Lavastone in Dispute with Life Settlements Firm Coventry appeared first on Insurance Journal.

S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model
- August 28, 2015, 8:00 am

Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

The article S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model appeared first on Insurance Journal.

Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel
- August 28, 2015, 6:54 am

A consortium, consisting of pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, will invest up to £1.275 billion ($1.9 billion) in London’s “super sewer.” The consortium’s investment in the Thames Tideway Tunnel …

The article Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel appeared first on Insurance Journal.

Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett
- August 28, 2015, 6:12 am

Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24, troubled Irish …

The article Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett appeared first on Insurance Journal.

Sierra Club Dragging State Farm into Climate Change Battle
Don Jergler - August 28, 2015, 12:00 am

A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an aggressive …

The article Sierra Club Dragging State Farm into Climate Change Battle appeared first on Insurance Journal.

Hubley Approved as President of Mass. Commonwealth Automobile Reinsurers
- August 27, 2015, 8:09 pm

Massachusetts’ Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, announced that Insurance Commissioner Daniel Judson has approved the CAR Governing Committee’s appointment of Natalie Hubley as the organization’s new president. Hubley has been …

The article Hubley Approved as President of Mass. Commonwealth Automobile Reinsurers appeared first on Insurance Journal.

Man Sues NYC Hotel Named as Source of Legionnaires’ Disease Outbreak
- August 27, 2015, 4:59 pm

A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …

The article Man Sues NYC Hotel Named as Source of Legionnaires’ Disease Outbreak appeared first on Insurance Journal.

We are proud to announce our Houston team will be in brand new offices starting Monday, August 31st. The offices are located at 5075 Westheimer; Suite 850W; Houston, TX 77056.

We are also proud to announce that our new Fort Worth offices are on target for October 2015 opening.

We are still actively recruiting seasoned insurance professionals to join our winning team!