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Today’s Insurance News
Source: Insurance Journal
New York Governor Presses Banks, Insurers to Weigh Risk of NRA Ties
Jonathan Stempel - April 20, 2018, 1:12 pm
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public interest. Cuomo, a Democrat, noted …
Specialty Program Group Launches New Heights Insurance Solutions in Pennsylvania
- April 20, 2018, 1:08 pm
Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has launched Eastern Pennsylvania-based New Heights Insurance Solutions (New Heights). New Heights President Megan Rose joined SPG as part of its Norman-Spencer Crane acquisition and …
W.R. Berkley Names Gilbert as Executive VP, Douglas as President of BerkleyNet
- April 20, 2018, 1:00 pm
W. R. Berkley Corp. has named James B. Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units. Brian P. Douglas is succeeding Gilbert as president of BerkleyNet Underwriters. Gilbert has 30 years of …
New York’s PIA Management Services Hires Lachut
- April 20, 2018, 12:59 pm
PIA Management Services Inc. has hired Bradford J. Lachut as director of Government and Industry Affairs for the five PIA state affiliates managed by the Glenmont, N.Y.-based group. Lachut previously served as PIA’s government affairs counsel prior to working as …
XL’s Vidovich Joins AIG’s General Insurance as Chief Claims Officer
- April 20, 2018, 12:52 pm
American International Group, Inc. announced that Anthony Vidovich will join the company as chief claims officer for General Insurance, effective May 14, 2018. In this role, Vidovich will be responsible for claims governance and policy, settlement authorities, handling and global …
AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
- April 20, 2018, 12:10 pm
American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uninterrupted UK …
Tokio Marine Kiln Forms Strategic Agreement with Australian Insurtech Firm Evari
- April 20, 2018, 11:03 am
Tokio Marine Kiln (TMK), the specialist and corporate insurance business, announced it has formed a strategic agreement with Australian insurtech firm Evari. The agreement will allow TMK to access Evari’s digital insurance platform and on-demand products in the Australian market. …
Miller Hires RKH’s Denee, Marsh’s Moseley for Its Credit and Political Risks Team
- April 20, 2018, 10:35 am
Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for financial institutions. Rosie joins Miller …
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Sumeet Chatterjee and Anshuman Daga - April 20, 2018, 10:07 am
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …
Budde Promoted to Eastern Regions CFO at AssuredPartners
- April 20, 2018, 5:58 am
AssuredPartners Inc. has promoted Gerald Budde to Eastern Regions chief financial officer. He is based in Cincinnati, Ohio. Budde will report to newly appointed Eastern Regions President Steve Deal. He started his career with EY and spent 11 years with …
Safeco Appoints Pooley as VP, General Manager of Southeast Region
- April 20, 2018, 5:11 am
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …
How to Make Implants, Pacemakers and Other Medical Devices Safer
Matthew Perrone - April 20, 2018, 5:00 am
U.S. health officials on Tuesday proposed steps to improve the government’s system for overseeing medical devices, which has been criticized for years for failing to catch problems with risky implants and medical instruments. The plan from the Food and Drug …
Data Breach Victims Get Second Chance Against Barnes & Noble
Jonathan Stempel - April 20, 2018, 5:00 am
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc. responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. …
Sedgwick Adds 6,000 Claims Specialists with Acquisition of Cunningham Lindsey
- April 20, 2018, 5:00 am
Memphis-based global claims services firm Sedgwick has finalized the acquisition of competitor global loss adjusting and claims management firm Cunningham Lindsey and its subsidiaries. Sedgwick purchased its competitor from CVC Capital Partners, a private investor group that has owned a …
Families Seek Compensation After 30 Dogs Die in Michigan Kennel Fire
- April 19, 2018, 4:34 pm
Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …
Deadlines for Texas Windstorm Insurer Appraisal Demands Extended
- April 19, 2018, 4:28 pm
The deadlines for a Texas Windstorm Insurance Association (TWIA) claimant to demand appraisal of a claim for damages caused by Hurricane Harvey have been extended, the Texas Department of Insurance reports. An extension of 30 days has been granted for …
Illinois Senate Again Passes Workers’ Comp Reform Measure
- April 19, 2018, 4:04 pm
The Illinois Senate has approved restrictions on insurance companies writing workers’ compensation policies. The plan that passed 34-21 on April 17 is identical to one Gov. Bruce Rauner vetoed last year. The Republican has complained for years that workers’ compensation …
Dean & Draper Acquires Houston’s Texas Printers Insurance
- April 19, 2018, 3:59 pm
Dean & Draper Insurance Agency LP has acquired Houston-based Texas Printers Insurance Agency (TPIA). TPIA specializes in risk management and property/casualty insurance. The agency also offers employee benefits for members of the printing industries of the Gulf Coast Association, as …
Louisiana Auditor: State Spent $5M on Sexual Harassment Lawsuits
- April 19, 2018, 3:53 pm
Louisiana has spent more than $5 million on lawsuits involving sexual harassment claims since 2009, the state’s legislative auditor said in a new report released Tuesday on the eve of debate on bills targeting sexual misconduct in government. Legislative Auditor …
North Dakota Contractor Cited for Safety Hazards, Fined Nearly $455K
- April 19, 2018, 3:21 pm
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited North Dakota excavation contractor Kamphuis Pipeline Company for exposing employees to trench cave-ins and other serious hazards while installing water metering pits and lines. The company, which …
Geico Must Pay $23M to Southern California Motorist
- April 19, 2018, 3:13 pm
A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar Dauod, maintains the delayed payment …
California Wildfire Insurance Bills Moved Forward by Committee
- April 19, 2018, 2:59 pm
A policy committee in California Legislature has unanimously approved a pair of wildfire-inspired bills by Assemblyman Marc Levine requiring insurance companies to notify homeowners whether their policies are sufficient to rebuild or replace their homes after a disaster. Assembly Bill …
Tesla Probed by California Agency on Occupational Safety
- April 19, 2018, 2:56 pm
Tesla Inc. is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. The state’s Occupational Safety and Health Administration disclosed the inspection on Wednesday, …
New York City Council Passes Workplace Anti-Harassment Bills
- April 19, 2018, 2:24 pm
The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed to provide all New Yorkers “a safe and …
Trump Administration Proposes Curbs on Opioid Manufacturers
Sarah N. Lynch - April 19, 2018, 1:47 pm
The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. The Drug Enforcement Administration’s proposed changes to its …
Open-Door Helicopter Flights Banned From Taking Off From New York City
- April 19, 2018, 1:17 pm
New York City is officially banning open-door helicopter flights from taking off within the five boroughs in the wake of last month’s deadly copter crash. The Daily News reports the Economic Development Corporation plans to announce the new rule on …
Judge Rules Convicted Swindler in Connecticut Won’t Have to Pay Restitution
- April 19, 2018, 1:07 pm
A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …
Jimcor Agency Announces Two Additions to Western Pennsylvania Team
- April 19, 2018, 1:00 pm
Jimcor Agency Inc., an independent managing general agent and insurance wholesaler, has hired Sarah Warner as a property and casualty underwriter for the Western Pennsylvania office located in Pittsburgh, Penn, and Stefan Santacroce as a brokerage specialist working out of …
Generali to Sell Belgian Operations to Athora Holding for $668.3M in Cash
L.S. Howard - April 19, 2018, 12:51 pm
Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject to regulatory approvals. Generali Belgium S.A. …
Justice Department to Review Cigna’s Bid to Buy Express Scripts
Zachary Tracer and David McLaughlin - April 19, 2018, 12:38 pm
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors. The health insurer has …

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