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Today’s Insurance News
Source: Insurance Journal
Good2Go Auto Insurance to Offer Distracted Driving App Through LifeSaver
- January 23, 2018, 5:45 am
Good2Go Auto Insurance, Inc., has partnered with mobile software provider LifeSaver to fight distracted driving. Good2Go Auto Insurance’s direct policyholders now have access to the The LiveSaver mobile app to help ignore the urge to use their phones while driving. …
Alabama-Based ProAssurance Promotes Rand to Chief Operating Officer
- January 23, 2018, 5:21 am
ProAssurance Corporation, based in Birmingham, Ala., has promoted Edward L. “Ned” Rand, Jr. to chief operating officer. In this newly created position, Rand will be responsible for the day-to-day operations of ProAssurance, reporting directly to Stan Starnes, chairman and chief …
Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia
- January 23, 2018, 5:15 am
Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property & casualty strategy across the country through a growing network of offices …
Employees Missing After Oklahoma Drilling Rig Fire
Liz Hampton - January 23, 2018, 12:43 am
Drilling contractor Patterson-UTI said some of its employees were missing on Monday after a fire at one of its drilling rigs in Pittsburg County, Oklahoma. The company said it had activated its emergency response systems and was cooperating with first …
NFP Names Wadsworth Vice President for Corporate Benefits in Utah
- January 22, 2018, 7:50 pm
NFP has named Clint Wadsworth vice president for corporate benefits. Wadsworth has been assigned to oversee and help lead the corporate benefits strategy within NFP’s existing large employer segment. Wadsworth will help support NFP’s relationships in the Utah Market. Wadsworth …
Leavitt Central Coast Insurance Services Acquires Pulford in California
- January 22, 2018, 7:26 pm
Pulford Insurance Agency has been acquired by Leavitt Central Coast Insurance Services. The merger will not affect customer policies, and the same personnel will continue to serve clients, now at the LCCIS location in Salinas, Calif. Terms of the deal …
Homes Destroyed, Power Outages in Texas Storm
- January 22, 2018, 5:29 pm
Heavy thunderstorms produced hail and possible tornadoes in northeast Texas on Sunday night, with the communities of DeKalb and Winnsboro hardest hit, according to the Insurance Council of Texas. In DeKalb, a possible tornado struck the city’s south side causing …
Female Rowers Sue University in Texas Court Alleging Gender Discrimination
- January 22, 2018, 4:34 pm
Members of the SMU women’s rowing team have sued the school, alleging gender discrimination and negligence led to hip injuries. The lawsuit was filed in federal court in Dallas, Texas on behalf of seven past and present team members. It …
Lawmaker Sues Oklahoma Private Investigation Firm in Spying Case
Ken Miller - January 22, 2018, 4:31 pm
An Oklahoma lawmaker who found a tracking device attached to his pickup truck last month is suing a private investigation company and an investigator who works for the company over the device. Discovery of the tracking device has shocked Oklahoma …
California City Sues over California Dam Crisis
- January 22, 2018, 4:28 pm
A small California city at the base of the tallest U.S. dam filed a lawsuit last week against the state over an emergency that forced authorities to order 188,000 people to flee last year, arguing the crisis was caused by …
New Mexico School District Settles Suit for $800K with Former Employee
- January 22, 2018, 4:25 pm
Albuquerque Public Schools in New Mexico will pay $800,000 to its former chief financial officer to settle a whistleblower lawsuit that claimed the former superintendent placed him on paid leave for questioning district audits. The Albuquerque Journal reports Don Moya …
CAMICO Names Ryder Vice President of Sales, Marketing and Communications
- January 22, 2018, 4:09 pm
San Mateo, Calif.-based CAMICO has named Michael Ryder vice president of sales, marketing and communications. Ryder has more than 25 years of experience in professional liability insurance programs, sales and program development, marketing, management and underwriting. Prior to CAMICO, he …
Alliant Adds Aon’s Cafferelli in Arizona
- January 22, 2018, 4:04 pm
Alliant Insurance Services Inc. has named Joe Cafferelli executive vice president. Cafferelli will be based in Phoenix, Ariz., and he will provide insurance and risk management solutions to clients throughout the region. Cafferelli has experience designing property/casualty insurance solutions for …
What Government Shutdown Means for P/C Insurance Industry
Andrew G. Simpson - January 22, 2018, 3:34 pm
The property/casualty insurance industry is not immune to any economic effects the federal government shutdown may bring but since the industry is largely regulated by the states, not Washington, the impact on the industry of federal workers not going to …
Man Charged with Generator Fraud in Connecticut after Superstorm Sandy
- January 22, 2018, 1:45 pm
An Oregon man has been charged with stealing deposits Connecticut homeowners had made for generators after Superstorm Sandy. The Stamford Advocate reports that 56-year-old John Mech, of Seaside, Oregon, took a $7,500 deposit from a Stamford, Conn., homeowner for a …
Pennsylvania’s Altman Named to Leadership Position on Health Insurance with NAIC
- January 22, 2018, 1:40 pm
Acting Pennsylvania Insurance Commissioner Jessica Altman will serve as vice chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported in announcing its leadership for 2018. “I am pleased with …
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic
Nate Raymond - January 22, 2018, 1:24 pm
Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and selling prescription painkillers. The lawsuit, filed by Delaware Attorney …
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Katherine Chiglinsky, Sonali Basak and Dinesh Nair - January 22, 2018, 1:08 pm
Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings Ltd., its largest standalone acquisition in 17 years. …
London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA
- January 22, 2018, 12:53 pm
Regulatory developments, such as the EU’s new data protection law, will dominate priorities for the London company insurance market in 2018, according to the International Underwriting Association in its annual business plan. While preparations for Brexit will continue to require …
Companies Across Globe Race to Comply with EU’s Data Protection Law
Salvador Rodriguez - January 22, 2018, 12:07 pm
Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules will be enforced. The General …
Cyber Attacks on U.S. Power Grids Can Be Deterred With Password Changes
Jim Polson - January 22, 2018, 12:00 pm
A key to preventing cyber attacks from crippling U.S. power grids could be changing passwords on internet routers, wifi-connected thermostats and smart lawn-sprinklers. “A significant share” of internet attacks result from unchanged factory default passwords on web-connected devices that allow …
Global Companies Find Economic Opportunities in UN Sustainable Development Goals
Alister Doyle - January 22, 2018, 11:36 am
Many companies are looking past quarterly results to discover long-term economic opportunities in U.N. goals to end poverty and protect the planet, the head of an international business commission has said. Mark Malloch-Brown’s Business and Sustainable Development Commission has contacted …
McDonald’s, U.S. Labor Board Begin Talks to Settle ‘Joint Employment’ Trial
Daniel Wiessner and Robert Iafolla - January 22, 2018, 11:16 am
McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began …
Saudi Arabia Asks U.S. Judge to Throw Out 9/11 Lawsuits
Bob Van Voris - January 22, 2018, 10:58 am
Saudi Arabia asked a U.S. judge to throw out lawsuits claiming it helped al-Qaeda carry out the Sept. 11 terrorist attacks, arguing the victims haven’t provided any evidence to back their cases. Michael Kellogg, a lawyer for the Kingdom, said …
Luxembourg Sees No Reason to Change EU ‘Delegation’ Rules After Brexit
- January 22, 2018, 10:48 am
Luxembourg’s finance minister Pierre Gramegna said on Friday the European Commission should stick to the current rules that allow funds managed in London to be domiciled and regulated in another country. His comments pit the tiny and wealthy country against …
No Initial Sign that Sunken Iran Oil Tanker Breached Safety Protocols: Panama
Elida Moreno - January 22, 2018, 10:16 am
The Iranian tanker that sank after a collision in the East China Sea, causing the worst oil ship disaster in years, had its paperwork in order, according an initial review by maritime authorities in Panama, whose flag it was sailing …
Women More Likely Than Men to Lose U.S. Jobs by Automation: WEF Report
Jeff Green - January 22, 2018, 9:51 am
Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to retrain them. …
SoftBank Plans $400M Investment in Ping An’s Health-Care Portal: Sources
Crystal Tse and Vinicy Chan - January 22, 2018, 9:14 am
SoftBank Group Corp. is nearing a deal to invest about $400 million in Ping An Insurance (Group) Co.’s health-care portal ahead of the Chinese company’s initial public offering, people with knowledge of the matter said. The Ping An unit, known …
Louisiana Man Pleads Guilty in Deepwater Horizon Compensation Fund Fraud
- January 22, 2018, 6:44 am
An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced. U.S. Attorney Duane A. Evans said Tony Riley, age 49, …
Ratings Outlooks Revised to Positive for South Dakota Insurer
- January 22, 2018, 6:40 am
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF) in Eureka, South Dakota. The ratings …

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