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Today’s Insurance News
Source: Insurance Journal
Traces of GenX Compound Found in North Carolina Food Product
- December 13, 2017, 5:54 pm
The unregulated compound found in more than 80 drinking water wells near a chemical company’s manufacturing facility in North Carolina has been found in a food product for the first time. Tests found honey collected by a farmer about 2 …
Sommer Named Interim Executive Director at Oklahoma WCC as Bailey Departs
- December 13, 2017, 5:46 pm
The Oklahoma Workers’ Compensation Commission (WCC) announced that Executive Director Kim Bailey has resigned and Administrative Law Judge Patricia Sommer has been appointed to lead the agency in the interim. Bailey will be leaving her position to accept a critical …
Attorneys, not Adjusters, Handle Claims at Texas Medical Malpractice Insurer, Capson
- December 13, 2017, 5:38 pm
Austin, Texas-based Capson Physicians Insurance Co. announced it is providing in-house attorneys, rather than adjusters, to help facilitate claims for insureds. According to Capson Physicians Insurance President and Founder Maury Magids, when a medical malpractice claim is made against a …
A.M. Best Upgrades Outlooks for Petroleum Marketers Management Insurance
- December 13, 2017, 5:31 pm
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating “a-” of Des Moines, Iowa-based Petroleum Marketers Management Insurance Co. (PMMIC). The ratings reflect PMMIC’s balance …
Illinois Jury Awards $5M to Nurse Fired After Reporting Alleged Abuse
- December 13, 2017, 5:29 pm
A central Illinois jury has awarded $5.2 million to a nurse who claims she was fired from a nursing home after reporting alleged abuse. The (Bloomington) Pantagraph reports Katrina Wesemann worked as a licensed practical nurse at a Dwight facility …
Former Hartford Underwriter Reese Joins Pioneer Underwriters’ Georgia Team
- December 13, 2017, 5:29 pm
Pioneer Underwriters has appointed Kellie Reese as an underwriter in its recently launched E&S Property operation. She will report to Dave Phillips, based in Alpharetta, Ga. Reese has almost 30 years of experience as a property underwriter. Latterly with The …
Police: Explosion at Detroit Commercial Building Leaves 1 Dead
- December 13, 2017, 5:26 pm
Authorities say one person is dead after a pressurized tank apparently exploded at a commercial building on Detroit’s east side. Detroit police Capt. Mark Thornton says two people were at the building Monday night when one of them left to …
Report: Nearly $60M in Texas Windstorm Insurer Hurricane Ike Claims Still Unpaid
- December 13, 2017, 5:24 pm
The Houston Chronicle reports that several school districts, cities and other government agencies are still waiting for a Texas insurer to pay nearly $60 million in claims from Hurricane Ike, adding to more insurance worries in the wake of Hurricane …
Verisk: 96% of the Area in California Fire at High or Extreme Wildfire Risk
- December 13, 2017, 5:06 pm
Most of the area within the massive Thomas fire in Southern California is at high or extreme wildfire risk, according to a Verisk report on Wednesday. The fire encompasses more than 230,500 acres, and while containment on the wildfires in …
What to Know About the Senior Care Market
Andrea Wells - December 13, 2017, 5:04 pm
The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the changing landscape in the …
The Hartford Names Bush to Head Personal Lines
- December 13, 2017, 4:18 pm
The Hartford has announced that Stephanie Bush, who has led small commercial since July 2014, will expand her responsibilities to include oversight for personal lines. She replaces Ray Sprague, who is retiring after a 30-year career with The Hartford. Bush …
Series of Small Earthquakes Rattle Northern Nevada
- December 13, 2017, 4:05 pm
The Nevada Seismological Laboratory confirmed a series of small earthquakes rattling north Reno, Nev. Some 32 small earthquakes were reported being felt since Nov. 28. The largest detected had a magnitude of 1.9. Officials say there is a slight increase …
Coffee Shop Seeks to Become Denver’s First Legal Marijuana Club
- December 13, 2017, 3:55 pm
Colorado’s largest city is reviewing the first application from a business seeking to be among the nation’s first legal marijuana clubs, a step that comes more than a year after voters approved a bring-your-own pot measure. Dan Rowland, a spokesman …
Wind Threat Remains as Crews Gain on Huge California Wildfire
- December 13, 2017, 3:51 pm
After achieving increased containment on one of the biggest wildfires in California history, officials warned that communities remain at risk and the threat could increase as unpredictable winds whip up again. Red Flag warnings for fire danger due to Santa …
UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products
Lawrence White - December 13, 2017, 3:29 pm
Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have. The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based on the predictability of people’s shopping, a step beyond …
UK’s Bretton Woods International Gets UK Regulatory Nod, Becomes Lloyd’s Broker
- December 13, 2017, 3:13 pm
Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the UK as an independent broker and, at the same time, is now registered as a Lloyd’s broker. London-based BWI was …
UK MGA Plum Opens Underwriting, Support Center in Basildon, England
- December 13, 2017, 2:25 pm
Plum Underwriting, the specialist home insurance managing general agent in the UK market, has opened an underwriting and service center as part of its strategy to support continued growth. The center, located in Basildon, England, brings together underwriting, claims, pricing, …
Tower Group Companies Top List of U.S. P/C Impairments in 2016: A.M. Best
- December 13, 2017, 2:04 pm
Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines reinsurer, according to a new A.M. Best special …
Alliant Hires New Jersey-Based Blazier to Further Eastern U.S. Growth
- December 13, 2017, 1:09 pm
Alliant’s ongoing growth campaign in the Eastern U.S. is continuing with the addition of Senior Vice President Devin E. Blazier. The New Jersey-based industry veteran has joined the company’s Alliant Americas division with technical expertise in professional liability, group captives, …
Ten Appointed to Newly Formed New York State Insurance Advisory Board
- December 13, 2017, 1:06 pm
Financial Services Superintendent Maria T. Vullo has announced the 10 appointees who will serve on the newly formed Department of Financial Services (DFS) State Insurance Advisory Board. Governor Andrew M. Cuomo signed legislation to create the board earlier this year. …
Factbox: More Insurers Make Decisions About Post-Brexit Headquarters
- December 13, 2017, 1:03 pm
Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union. Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not …
CNA Appoints Allen as Vice President of Boston Branch
- December 13, 2017, 12:32 pm
CNA has appointed Tom Allen as vice president of its Boston, Mass., branch, effective January 2, 2018. In this role, Allen will be responsible for leading the branch in cultivating deeper relationships with producers and accelerating CNA’s market presence in …
Brit Launches Bermuda-Based Collateralized Reinsurer Sussex Capital
- December 13, 2017, 11:56 am
Brit Ltd., the London-based specialty insurer and reinsurer, has launched a Bermuda-domiciled collateralized reinsurance platform, Sussex Capital. Sussex Capital, through Sussex Re, a newly established Bermuda-domiciled special purpose insurer, will write direct collateralized reinsurance while also providing collateralized reinsurance to …
Allied World Launches Professional Liability Policy for Healthcare Consultants
- December 13, 2017, 11:11 am
Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to healthcare facilities. This comprehensive protection includes contingent bodily injury coverage …
BHSI Launches Financial Institution Professional Indemnity Insurance in Asia
- December 13, 2017, 10:56 am
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced Financial Institution Professional Indemnity (FIPI) insurance in Asia. “Financial institutions are seeing an increase in both the frequency and severity of professional indemnity claims,” said Scotland Walsh-Riddle, head of Executive …
Uncertainty Hangs Over Florida Citrus Growers After Irma’s Damage to Crops
- December 13, 2017, 5:41 am
Although the 2017-18 citrus harvest has barely begun, growers are already planning for the 2018-19 season, and they have critical decisions to make in the coming months that will affect next season’s crop and perhaps others in years to come. …
Alabama Private School Fire Sparked by Leaking Gas Injures 5
- December 13, 2017, 5:32 am
Authorities say five people were injured by a sudden fire sparked by leaking gas at a Catholic school on the Alabama coast. News outlets report the flames erupted Saturday inside a kitchen at St. Vincent de Paul School in Mobile. …
New AIG Cyber Model to Evaluate, Score Client Cyber Risk
- December 12, 2017, 5:56 pm
American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model …
Arkansas Medical Board OKs Draft Regulations Aimed at Curbing Opioid Abuse
- December 12, 2017, 5:34 pm
The Arkansas State Medical Board has approved draft regulations aimed at reducing opioid abuse. The board unanimously voted in favor of the regulations on Dec. 7. The requirements are based on guidelines issued last year by the federal Centers for …
5 Sentenced in Ohio for Insurance Fraud
- December 12, 2017, 5:18 pm
The Ohio Department of Insurance reported that five people were recently sentenced for insurance-related crimes following investigations by the department. Clermont County/Shandell Thomas and Aaron Thomas In October, Shandell Thomas, of Cincinnati, was sentenced in court to five years of …

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