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Today’s Insurance News
Source: Insurance Journal
Independent Insurance Agents of Virginia Elects Officers for 2015/2016
- June 30, 2015, 9:36 pm

Independent Insurance Agents of Virginia (IIAV) inducted its 2015/2016 Board of Directors during the IIAV annual convention held June 21-23, 2015 at the Hilton Virginia Beach Oceanfront in Virginia Beach, Virginia. IIAV’s Board of Directors consists of: Chairman of the …

The article Independent Insurance Agents of Virginia Elects Officers for 2015/2016 appeared first on Insurance Journal.

Founders Professional Opening Chicago Office
- June 30, 2015, 7:14 pm

Founders Professional, a professional liability insurance wholesaler, announced it is opening an office in downtown Chicago. The new location will be Founders Professional second; its first location is in St. Petersburg, Fla. Marketing and business development executive Aaron Lipson has …

The article Founders Professional Opening Chicago Office appeared first on Insurance Journal.

Hilb Group Acquires Cornerstone Group, Gencorp Insurance Group in R.I.
- June 30, 2015, 4:52 pm

The Hilb Group, a Richmond, Virginia-based middle market insurance agency, today announced its acquisition of two New England insurance brokerage firms: Cornerstone Group, a benefit advisory firm in Warwick, Rhode Island; and Gencorp Insurance Group, a property/casualty and employee benefits …

The article Hilb Group Acquires Cornerstone Group, Gencorp Insurance Group in R.I. appeared first on Insurance Journal.

Dovetail Insurance Expands MetLife BOP Product to Five More States
- June 30, 2015, 4:48 pm

Dovetail Insurance has expanded its MetLife Auto & Home Business Owners Policy (BOP) offering to five additional states through its NetBOP Insurance Portal. The MetLife Auto & Home BOP coverage was recently launched in Colorado, Nebraska and New Mexico, and …

The article Dovetail Insurance Expands MetLife BOP Product to Five More States appeared first on Insurance Journal.

Texas AG: State Workers May Deny Gay Marriage Licenses
- June 30, 2015, 4:44 pm

Calling the Supreme Court decision giving same-sex couples the right to marry a “lawless ruling,” Texas’ conservative Republican Attorney General Ken Paxton said state workers can cite their religious objections in denying marriage licenses. He warned in a statement on …

The article Texas AG: State Workers May Deny Gay Marriage Licenses appeared first on Insurance Journal.

ACE Introduces Online System for Quoting Boats
- June 30, 2015, 4:36 pm

ACE Group has launched a new online tool, ACE EZQuote, that allows independent agents and brokers to generate a bindable quote for boats in less than four minutes. Available through its ACE Recreational Marine Insurance business, ACE EZQuote works for …

The article ACE Introduces Online System for Quoting Boats appeared first on Insurance Journal.

Tort, Work Comp Reform Among Illinois Gov.’s Budget Holdouts
- June 30, 2015, 4:35 pm

Illinois Gov. Bruce Rauner has an answer to the state Capitol budget impasse: adopt five “structural reforms” that make it cheaper to do business in Illinois. House Speaker Michael Madigan of Chicago calls the proposals “extreme” and anathema to legislative …

The article Tort, Work Comp Reform Among Illinois Gov.’s Budget Holdouts appeared first on Insurance Journal.

Flooding, Rain Problematic for Ohio Corn Growers
- June 30, 2015, 4:32 pm

Extensive flooding and heavy rains have affected corn fields across Ohio and left growers contending with the possibility of lost or damaged crops. Flooding and ponding could kill some corn crops, an Ohio State University Extension agronomist said in a …

The article Flooding, Rain Problematic for Ohio Corn Growers appeared first on Insurance Journal.

Court Upholds California Broker’s License Revocation for Sexual Misconduct
- June 30, 2015, 4:31 pm

The Court of Appeal upheld a decision by California Insurance Commissioner Dave Jones to revoke the broker-agent license of Wellman Dale Shew, 55, of Fresno. When the California Department of Insurance learned that Shew had two misdemeanor convictions in California …

The article Court Upholds California Broker’s License Revocation for Sexual Misconduct appeared first on Insurance Journal.

Weather Damage to Nebraska’s Public Infrastructure Exceeds $13.5M
- June 30, 2015, 4:25 pm

Nebraska emergency officials say recent severe weather has caused more than $13.5 million in damage to roads, bridges and other public infrastructure. The Nebraska Emergency Management Agency said that the damage was caused in 12 counties that were just designated …

The article Weather Damage to Nebraska’s Public Infrastructure Exceeds $13.5M appeared first on Insurance Journal.

New Mexico Court Rules Farm, Ranch Laborers Eligible for Workers’ Comp
- June 30, 2015, 4:24 pm

The New Mexico Court of Appeals has cleared the way for farm and ranch laborers to receive workers’ compensation benefits. In a ruling issued this week, the court declared unconstitutional a provision in state law that had excluded those workers …

The article New Mexico Court Rules Farm, Ranch Laborers Eligible for Workers’ Comp appeared first on Insurance Journal.

Sammons Named Texas Group’s Young Agent of the Year
- June 30, 2015, 4:22 pm

The Independent Insurance Agents of Texas (IIAT) named Adam Sammons of MHBT in Dallas the André P. Juneau Young Agent of the Year at its annual conference and trade show in San Antonio. This award is given annually to a …

The article Sammons Named Texas Group’s Young Agent of the Year appeared first on Insurance Journal.

Accelerant-Sniffing Dog Joins New Orleans Fire Dept.
- June 30, 2015, 4:18 pm

The New Orleans Fire Department is celebrating the arrival of a new four-legged recruit. “Dakota” is a Labrador retriever trained to sniff out accelerants used by arsonists. The department says in a weekend news release that the dog and its …

The article Accelerant-Sniffing Dog Joins New Orleans Fire Dept. appeared first on Insurance Journal.

Parents Sue, Say Wisconsin Voucher School Abused Students
- June 30, 2015, 4:14 pm

Several parents are suing a private, military-style voucher school in Milwaukee, Wis., alleging their children were subjected to abuse and humiliating treatment when they attended a boot camp last fall. The students at Right Step Inc., which serves low-income children, …

The article Parents Sue, Say Wisconsin Voucher School Abused Students appeared first on Insurance Journal.

Ninth Circuit Court Upholds California’s Workers’ Comp Liens
- June 30, 2015, 4:10 pm

The U.S. Ninth Circuit court on Monday upheld California’s fee requirement on workers’ compensation liens. The lien fees were a key part of Senate Bill 863, the workers’ comp reform bill passed in 2012. These liens are filed by medical …

The article Ninth Circuit Court Upholds California’s Workers’ Comp Liens appeared first on Insurance Journal.

Germanwings Offers Emotional Damage Payments to Crash Victims’ Families
- June 30, 2015, 3:34 pm

Germanwings is offering €25,000 ($27,833) compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday. Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit …

The article Germanwings Offers Emotional Damage Payments to Crash Victims’ Families appeared first on Insurance Journal.

Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker
- June 30, 2015, 3:03 pm

Wholesale insurance broker Swett & Crawford Brasil, part of Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has purchased 51 percent of the shares of Casa do Corretor, a wholesale …

The article Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker appeared first on Insurance Journal.

Worldwide Facilities Hires 3 Brokers for New Connecticut Office
- June 30, 2015, 2:07 pm

Worldwide Facilities, a wholesale broker and managing general agent based in Los Angeles, hired three new brokers for its recently opened Hartford, Connecticut, office. Worldwide Facilities hired Suzanne Averill as senior associate broker in Hartford. Averill brings 32 years of …

The article Worldwide Facilities Hires 3 Brokers for New Connecticut Office appeared first on Insurance Journal.

Liberty Mutual Promotes Trish to Northeast Business Insurance President
- June 30, 2015, 1:51 pm

Liberty Mutual Insurance has promoted Jamie Trish to president of its Northeast Business Insurance operations effective July 1. Trish will be responsible for the profitable growth of business in the region that includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, …

The article Liberty Mutual Promotes Trish to Northeast Business Insurance President appeared first on Insurance Journal.

Loyalty to Insurer Doesn’t Always Pay Off for Drivers
- June 30, 2015, 1:41 pm

When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk Grove, California switched to a new company. How was he rewarded for his disloyalty after nine years? With savings of …

The article Loyalty to Insurer Doesn’t Always Pay Off for Drivers appeared first on Insurance Journal.

Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case
- June 30, 2015, 1:23 pm

A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was …

The article Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case appeared first on Insurance Journal.

MetLife Seeks Documents from Systemic Risk Panel
- June 30, 2015, 1:00 pm

MetLife asked a federal judge on Monday to force the U.S. government to hand over 500 pages of confidential records that relate to financial regulators’ decision to designate the insurance giant as systemically important. In a filing in U.S. District …

The article MetLife Seeks Documents from Systemic Risk Panel appeared first on Insurance Journal.

GM Directors Off the Hook; Court Nixes Investors’ Lawsuit Over Ignition Switch
- June 30, 2015, 12:49 pm

General Motors Co. directors don’t have to face investors’ allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. GM’s board had adequate risk-assessment systems in place even …

The article GM Directors Off the Hook; Court Nixes Investors’ Lawsuit Over Ignition Switch appeared first on Insurance Journal.

Two Uber Executives Detained by French Police Pending Investigation
- June 30, 2015, 9:32 am

French police have detained two executives from Uber for questioning as a government clampdown intensifies on the U.S.-based taxi and ride-sharing service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained as part …

The article Two Uber Executives Detained by French Police Pending Investigation appeared first on Insurance Journal.

Willis Group, Towers Watson Agree to $18 Billion Merger
- June 30, 2015, 9:22 am

Global reinsurance and insurance broker Willis Group Holdings and professional services and analytics firm Towers Watson have agreed to an all-stock merger of equals valued at $18 billion. Upon completion of the merger, Willis shareholders will own approximately 50.1 percent …

The article Willis Group, Towers Watson Agree to $18 Billion Merger appeared first on Insurance Journal.

Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report
- June 30, 2015, 9:04 am

Fairfax Financial Holdings, which bet on a successful turnaround in Greece in 2014, stands to take a hit from a Greek default, but one-time gains and other factors are likely to soften the blow, the Royal Bank of Canada (RBC) …

The article Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report appeared first on Insurance Journal.

Berkshire Hathaway Specialty Expands in Australia, New Zealand
- June 30, 2015, 9:00 am

Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the effort. The insurer also announced it has opened an office …

The article Berkshire Hathaway Specialty Expands in Australia, New Zealand appeared first on Insurance Journal.

Judge Won’t Recuse Prosecutors on West Virginia Chemical Spill Trial
- June 30, 2015, 5:53 am

A judge will let federal prosecutors keep working on a criminal case over a chemical spill last year in West Virginia, shooting down arguments that prosecutors should be recused from the case because they were among the 300,000 people without …

The article Judge Won’t Recuse Prosecutors on West Virginia Chemical Spill Trial appeared first on Insurance Journal.

Giordano Joins The McGowan Companies as Executive VP
- June 30, 2015, 5:49 am

Don Giordano has joined Ohio-based The McGowan Companies (TMC) as an executive vice president. Giordano will be working with McGowan’s carrier and distribution partners to create additional excess casualty products and services, which will complement TMC’s industry leading excess casualty …

The article Giordano Joins The McGowan Companies as Executive VP appeared first on Insurance Journal.

Disney Bans Selfie Sticks, Cites Safety Concerns
- June 30, 2015, 5:47 am

Don’t bring your selfie stick to Disney World. Officials announced Friday that a ban takes effect today at all four Disney theme parks in Orlando as well as at Disney’s water parks and Disney Quest, a gaming attraction at Downtown …

The article Disney Bans Selfie Sticks, Cites Safety Concerns appeared first on Insurance Journal.

Southwest Risk, LP is proud of the most recent experienced brokers and insurance professionals who have joined the company: Jim Bishop, Robin Page, Deborah Oddy, Dave Wagner and Jennifer Flake!

2015 is on target to be another exciting year of growth and expansion. Construction on the new Houston office continues and we are on target for a Fall move in.

Our temporary Fort Worth office is open and located in The Atrium building, located at 777 Main Street, Suite 600; Fort Worth, TX 76102. The permanent Fort Worth office is under construction and slated to open in late 2015/early 2016!

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