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Source: Insurance Journal
Louisiana’s Eagan Insurance: Carrying on a Family Tradition
Stephanie K. Jones - May 5, 2015, 5:46 am

Marc Eagan says he’s fortunate that his four children grew up in and around the insurance business. For Eagan, president of Eagan Insurance Agency located in the New Orleans-area, it means his firm is well-situated to carry on the family …

The article Louisiana’s Eagan Insurance: Carrying on a Family Tradition appeared first on Insurance Journal.

Crawford & Company Adds Managing Director to American Aviation Team in Miami
- May 5, 2015, 5:13 am

Atlanta-based Crawford & Company, a provider of claims management programs, added  Ken Forsyth to its Crawford Global Technical Services (GTS) as managing director Aviation – the Americas effective April 23, 2015. GTS is Crawford’s global offering to major incident claims …

The article Crawford & Company Adds Managing Director to American Aviation Team in Miami appeared first on Insurance Journal.

Great American Public Sector Increases Casualty Capacity
- May 5, 2015, 4:54 am

Great American Insurance Group has added an additional $10 million in casualty capacity for public sector risks attaching $10 million or higher. When attached to a risk in conjunction with Great American Public Sector’s primary $10 million limit, a governmental …

The article Great American Public Sector Increases Casualty Capacity appeared first on Insurance Journal.

National Interstate Launches Ambulance Operator Alternative Risk Transfer Program
- May 5, 2015, 4:43 am

National Interstate Insurance Co. has launched MEDIC, a new alternative risk transfer (ART) program catering to for-profit emergency and non-emergency ambulance operators.  MEDIC will be open to operators nationwide, and will complement the traditional insurance product currently offered by National …

The article National Interstate Launches Ambulance Operator Alternative Risk Transfer Program appeared first on Insurance Journal.

Florida Man Sues Hospital after Amputated Leg Found in Trash
- May 5, 2015, 4:09 am

A Key Largo, Fla., man is suing a hospital after his amputated leg was found in the trash. The Miami Herald reports that the man found out about the incident when homicide detectives knocked on his door and asked him …

The article Florida Man Sues Hospital after Amputated Leg Found in Trash appeared first on Insurance Journal.

Fitch Upgrades Citizens’ Coastal Account, Outlook Stable
- May 5, 2015, 4:00 am

Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account): –$750 million series 2015A-1; –$250 million series 2015A-2 (SIFMA FRN). The bonds …

The article Fitch Upgrades Citizens’ Coastal Account, Outlook Stable appeared first on Insurance Journal.

RIMS Report: Preparing for Risk Transfer Driven by Autonomous Vehicles
Andrew G. Simpson - May 4, 2015, 7:50 pm

Picture a work day that begins like this: You step out of your house and into your self-driving vehicle, which carries you comfortably and safely to your office while you read the newspaper. After dropping you off, the car returns …

The article RIMS Report: Preparing for Risk Transfer Driven by Autonomous Vehicles appeared first on Insurance Journal.

Montana State Fund Lowers Rates for Upcoming Policy Year
- May 4, 2015, 6:03 pm

Montana State Fund’s board of directors announced an average overall 5 percent decrease in workers’ compensation rates for 2016. The decrease is for any policy with an effective date in policy year 2016, which is July 1, 2015 to July …

The article Montana State Fund Lowers Rates for Upcoming Policy Year appeared first on Insurance Journal.

New Jersey Woman Gets Prison Term for Filing False Claims With Insurer
- May 4, 2015, 4:59 pm

A New Jersey woman who submitted more than $500,000 in fraudulent health care claims to her insurer is now headed to prison. State authorities say 41-year-old Donna Dzienisewski, of Middletown, received a three-year term when she was sentenced last Friday. …

The article New Jersey Woman Gets Prison Term for Filing False Claims With Insurer appeared first on Insurance Journal.

EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer
- May 4, 2015, 4:46 pm

Italy’s EXOR said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda-based reinsurer rejected its attempt to trump a rival bid by AXIS Capital Holdings. EXOR’s decision to press ahead with its offer …

The article EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer appeared first on Insurance Journal.

Participation Dwindles in Home Rebuilding Initiative in New Jersey
- May 4, 2015, 4:36 pm

More than 15,000 homeowners, whose properties sustained damage during Superstorm Sandy, applied for acceptance into New Jersey’s largest rebuilding initiative, the Rehabilitation, Reconstruction, Elevation and Mitigation (RREM) program. Now, almost two years after RREM began accepting applications, 8,300 remain engaged …

The article Participation Dwindles in Home Rebuilding Initiative in New Jersey appeared first on Insurance Journal.

Oklahoma-Based The Holmes Organisation Acquired by Hub
- May 4, 2015, 4:31 pm

Hub International Limited (Hub) subsidiary Hub International Midwest Limited (Hub Midwest) has acquired the assets of The Holmes Organisation (Holmes), a Tulsa, Okla.-based multi-line property and casualty, employee benefits and personal lines brokerage. Terms of the acquisition were not disclosed. The …

The article Oklahoma-Based The Holmes Organisation Acquired by Hub appeared first on Insurance Journal.

Wildfires Burn Buildings, Cause Evacuation in Central Wisconsin
- May 4, 2015, 4:30 pm

Six buildings caught fire and 15 homes had to be evacuated as warm weather and dry conditions helped fuel wildfires in central Wisconsin. Catherine Koele, the wildfire prevention specialist for the state Department of Resources, says three houses and three …

The article Wildfires Burn Buildings, Cause Evacuation in Central Wisconsin appeared first on Insurance Journal.

Federal Judge Says U.S. Liable for Some Katrina Flooding in Louisiana
- May 4, 2015, 4:27 pm

Ruling in a nearly decade-old lawsuit, a judge in Washington said on May 1 that the federal government is responsible for some of the catastrophic flooding that followed Hurricane Katrina and other storms — flooding blamed on a now-closed navigation …

The article Federal Judge Says U.S. Liable for Some Katrina Flooding in Louisiana appeared first on Insurance Journal.

Car Crash Records Now Available Online in South Dakota
- May 4, 2015, 4:26 pm

South Dakotans wanting to get copies of car crash reports can now find those records online. The state Department of Public safety says the new online system for state-reportable crash records has gone live. The new system allows users to search …

The article Car Crash Records Now Available Online in South Dakota appeared first on Insurance Journal.

Wisconsin Governor Signs Bill Regulating Ridesharing Operations
- May 4, 2015, 4:24 pm

Wisconsin Gov. Scott Walker has signed a bill that creates statewide regulations on ridesharing companies such as Uber and Lyft. The measure would prohibit any local ordinances governing ride-hailing companies. Instead, the companies would have to purchase a $5,000 state …

The article Wisconsin Governor Signs Bill Regulating Ridesharing Operations appeared first on Insurance Journal.

School Violence Liability Bill Headed to Colorado Governor
- May 4, 2015, 3:57 pm

Legislation to make Colorado public schools legally liable for student safety has been approved by the state House after an emotional debate. The bill has already cleared the Senate and appears likely to head to the governor’s desk. If the …

The article School Violence Liability Bill Headed to Colorado Governor appeared first on Insurance Journal.

School Shooting Victims in New Mexico Awarded Nearly $2M
- May 4, 2015, 3:56 pm

Insurance carriers for the Roswell Independent School District in New Mexico have paid nearly $2 million in structured settlements to two victims of a shooting at a middle school last year. The Roswell Daily Record obtained the legal pleadings Friday …

The article School Shooting Victims in New Mexico Awarded Nearly $2M appeared first on Insurance Journal.

Lawmakers in California to Weigh in on Rules For Medical Pot Shops
- May 4, 2015, 3:52 pm

The California Legislature is considering multiple – and conflicting – plans to impose the first major statewide restrictions on medical marijuana dispensaries and growers. The debate over the billion-dollar industry now regulated largely by local government and has pitted cities …

The article Lawmakers in California to Weigh in on Rules For Medical Pot Shops appeared first on Insurance Journal.

3.9M Quake Shakes Buildings Across Southern California
- May 4, 2015, 3:47 pm

A small earthquake has rattled the greater Los Angeles area, shaking buildings and waking residents over the weekend. There were no reports of injuries or damage. The U.S. Geological Survey says an earthquake with a preliminary magnitude of 3.9 hit at …

The article 3.9M Quake Shakes Buildings Across Southern California appeared first on Insurance Journal.

IFG Cos. Names Denton Executive Managing Director in California
- May 4, 2015, 3:29 pm

IFG Cos. has named Michael R. Denton executive managing director in property. He is based in IFG’s Irvine, Calif. office. Denton assumes responsibility for leading and managing the brokerage property division, including the layered and shared property, primary property and …

The article IFG Cos. Names Denton Executive Managing Director in California appeared first on Insurance Journal.

RIMS Report: Uber Touts Ridesharing Insurance Solution
- May 4, 2015, 3:04 pm

In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to what drivers for Uber, Lyft, Sidecar and other …

The article RIMS Report: Uber Touts Ridesharing Insurance Solution appeared first on Insurance Journal.

FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’
Wayne Parry - May 4, 2015, 2:14 pm

The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional task force in Washington …

The article FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’ appeared first on Insurance Journal.

GEICO to Raise Auto Insurance Premiums
- May 4, 2015, 2:02 pm

GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 …

The article GEICO to Raise Auto Insurance Premiums appeared first on Insurance Journal.

AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag
- May 4, 2015, 12:23 pm

American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight. “The discussion of the off-ramp certainly means that there …

The article AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag appeared first on Insurance Journal.

PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms
- May 4, 2015, 11:39 am

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has rejected the unsolicited proposal by EXOR S.p.A. to acquire PartnerRe at a price of $130 per share, and reconfirmed its commitment to the planned merger with AXIS Capital Holdings Limited. …

The article PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms appeared first on Insurance Journal.

Buffett Sees Reinsurance Slump
- May 4, 2015, 10:34 am

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he expects a slump in reinsurance results in the coming decade as investors enter the market. “It’s a business whose prospects have turned for the worse and there’s not much …

The article Buffett Sees Reinsurance Slump appeared first on Insurance Journal.

Best Affirms Ratings of XL and Subs; Removes from Under Review
- May 4, 2015, 8:58 am

A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing property/casualty (P/C) subsidiaries of XL Group plc, “based on …

The article Best Affirms Ratings of XL and Subs; Removes from Under Review appeared first on Insurance Journal.

S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings
- May 4, 2015, 8:49 am

Standard & Poor’s Ratings Services has revised its outlook on Fairfax Financial Holdings Ltd. to stable from negative. At the same time, we affirmed our ‘BBB-‘ long-term counterparty credit rating on Fairfax and its ‘A-‘ long-term counterparty credit and financial …

The article S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings appeared first on Insurance Journal.

QBE Appoints Huber as Head of European Liability
- May 4, 2015, 8:05 am

London-based QBE European Operations, which is part of QBE Insurance Group, has appointed Thomas Huber to lead the expansion of its European liability portfolio. Huber has joined as head of European liability with responsibility for developing QBE’s liability book in …

The article QBE Appoints Huber as Head of European Liability appeared first on Insurance Journal.

Southwest Risk, LP is proud of the many new team members who joined the company in 2014 and January 2015: Catherine Butschek, Jackie Cavazos, Theresa Dworaczyk, Presten Ellsworth, Shannon Flowers, Mike Harris, Wade Kotrla, Kat Krasner, Holly May, Andrew Taylor, Ryan Taylor, Chad Thibodeaux and Wade Wrobel.

2015 is on target to be another exciting year of growth and expansion. We are ready start construction on a new Houston office and continue to actively recruit seasoned insurance professionals to join our winning team!