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Today’s Insurance News
Source: Insurance Journal
The Dentists Insurance Co. in California Names Spinelli CEO
- July 17, 2018, 2:35 pm
The boards of directors for the Sacramento, Calif.-based Dentists Insurance Co., Northwest Dentists Insurance Co. and Dentists Benefits Insurance Co. have named Bob Spinelli president and CEO. In addition to leading all operations at TDIC, DBIC and NORDIC, Spinelli will …
RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
- July 17, 2018, 2:22 pm
RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being expanded to include new peril models for India …
The Business Council of New York State Touts Workers’ Comp Savings in N.Y.
- July 17, 2018, 1:29 pm
The Business Council of New York State Inc. has touted the newly approved 11.7 percent reduction in loss cost rates, which are the basis for setting workers’ compensation premiums for 2019, as being significant toward workers’ compensation savings for most …
Chubb Hires Everest’s Watt to Lead North America Claims
- July 17, 2018, 1:24 pm
Chubb has appointed Megan Watt, as executive vice president, head of North America Claims. In this role, she will lead all aspects of Chubb North America claims management, service and administration for the commercial and personal insurance businesses. Watt has …
KBW Hires Sarkar to Its Insurance Investment Banking Group in New York
- July 17, 2018, 1:19 pm
Keefe, Bruyette & Woods Inc. (KBW), a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and a wholly owned subsidiary of Stifel Financial Corp., has hired Rajib Sarkar as managing director in its Insurance Investment …
Supreme Court Nominee Kavanaugh Seen as Business Friend, Regulation Skeptic
Jennifer A. Dlouhy, Todd Shields, Christopher Flavelle and Greg Stohr - July 17, 2018, 1:14 pm
Brett Kavanaugh could add a powerful new voice on the Supreme Court to restrain what government agencies can do, ushering in a new era of tougher scrutiny of federal regulations loathed by businesses. In a dozen years on the U.S. …
Connecticut’s CMIC Hires Cronin as Director of Underwriting
- July 17, 2018, 12:59 pm
CMIC, a Glastonbury, Conn.-based, member-owned medical professional liability insurance company, has hired Garrett P. Cronin to the CMIC Group team as the director of underwriting. Prior to joining CMIC, Cronin worked for Chubb Corporation as a national underwriting manager within …
Travelers: Use Current Auto Insurance Model for Autonomous Future
- July 17, 2018, 12:53 pm
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability policy in 1897. “This …
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
- July 17, 2018, 12:22 pm
Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018. The Supervisory Board of Munich Re has appointed Christoph Jurecka as …
Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher
L.S. Howard - July 17, 2018, 10:11 am
While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire sector. Chilton, who will be stepping …
Health Officials Investigating Tennessee Zipline Sickness Outbreak
- July 17, 2018, 5:02 am
The Tennessee Department of Health says its investigation continues into gastrointestinal illness that affected more than 500 people who visited a zipline attraction. Officials have said E. coli bacteria caused the sickness, but the Health Department said Thursday that some …
CFA Institute Adds Cryptocurrency, Blockchain to Curriculum
Kevin Michael Patterson and Andrea Tan - July 17, 2018, 5:00 am
It might be the definitive sign that cryptocurrencies have arrived on Wall Street. CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II …
FDA Cites Drug Warning Scam Over Online Medications
Aziza Kasumov - July 17, 2018, 5:00 am
People who tried to order medicine online or over the phone have received fake U.S. Food and Drug Administration warning letters instead of the products they bought, in what appears to be an international extortion scam, the agency said on …
5 Southeast States Participate in Speed Enforcement Operation
- July 17, 2018, 4:46 am
Georgia joins Alabama and three other states in a week-long speed enforcement operation beginning Monday. “Operation Southern Shield” will run through Sunday, July 22. Law enforcement in Georgia and Alabama will join Florida, Tennessee and South Carolina in pulling over …
J.M. Wilson Adds Silverman as Assistant Transportation Underwriter in South Carolina
- July 17, 2018, 4:04 am
J.M. Wilson has added Cassandra Silverman as assistant transportation underwriter to its North Charleston, S.C., office. Silverman is responsible for quoting new and renewal business, corresponding with carrier underwriters, and assisting independent agents in Georgia, North Carolina, South Carolina and …
Arthur J. Gallagher Acquires The Jack Nebel Companies in Illinois
- July 16, 2018, 9:19 pm
Arthur J. Gallagher & Co. has acquired North Barrington, Ill.-based The Jack Nebel Companies Inc. Terms of the deal were not disclosed. Jack Nebel, Brian Nebel and their associates will continue to operate from their current location under the direction …
Workers’ Comp ‘Disruptor’ Launching in California for Injured Farm Employees
- July 16, 2018, 8:55 pm
An insurtech startup says it will disrupt California’s workers’ compensation system with “technology-enabled triage and care coordination” for California Farm Management. ChronWell, a mobile platform for the workers’ comp industry, announced on Monday that it will launch its pilot program …
J.M. Wilson Taps Francis, Gibbons and Hassan in Midwest
- July 16, 2018, 7:39 pm
J.M. Wilson has named Steve Francis as assistant transportation underwriter in the Arlington Heights, Ill. office. The firm has also named Ryan Gibbons a transportation underwriter in the Westerville, Ohio office, and Sarah Hassan as agency information coordinator in the …
New Orleans Won’t Have to Return $2B in Hurricane Katrina Grants
- July 16, 2018, 7:24 pm
Congressman Cedric Richmond says New Orleans can keep $2 billion in Federal Emergency Management Agency grants approved to fix sewers and water pipes damaged by Hurricane Katrina. A Department of Homeland Security audit last July said FEMA should take back …
The Doctors Co. in California Names Bashaw Senior Vice President
- July 16, 2018, 7:18 pm
Napa, Calif.-based The Doctors Co. has named Kerin Torpey Bashaw senior vice president of patient safety and risk management. Bashaw reports to Bill Fleming, chief operating officer. Bashaw has more than 20 years of experience. She has held a variety …
Willis Towers Watson Names Botkin as Health Care Industry Lead
- July 16, 2018, 7:00 pm
Insurance broker Willis Towers Watson has appointed Mary Botkin, as health care industry lead in its Corporate Risk and Broking (CRB) segment. Botkin will be responsible for delivering the company’s integrated risk management strategy to its health care portfolio, including …
Southwest Louisiana Considering Bike-Sharing Programs
- July 16, 2018, 3:49 pm
Southwest Louisiana officials are looking at bike-sharing. Bike-sharing programs use computers and GPS to track bicycles, rented through a smartphone app by the hour or half-hour. Baton Rouge and St. Tammany Parish are investigating whether to start such programs. New …
Conservative States Like Oklahoma Balk at Voter-Approved Medical Marijuana
Sean Murphy and Andrew DeMillo - July 16, 2018, 3:47 pm
Pot advocates celebrated the culmination of a yearslong effort to ease restrictions on the use of cannabis last month when nearly 60 percent of Oklahoma voters approved medical marijuana. Oklahoma’s proponents had even included a two-month deadline for the implementation …
North Dakota Official Says Tornado Warning Worked, But Residents Didn’t Hear It
- July 16, 2018, 3:44 pm
All eight outdoor warning sirens in a North Dakota oil patch city were sounded before a deadly tornado ravaged an RV park, but park residents and others said they didn’t hear them, authorities said. A newborn baby was killed and …
Michigan Governor Wants to Sue 3M for Costs of Contamination
- July 16, 2018, 3:40 pm
Gov. Rick Snyder wants Michigan to sue the manufacturer of chemicals linked to contaminated water detected at military bases and industrial sites across the state. Snyder wrote a letter to Attorney General Bill Schuette seeking a lawsuit against 3M. The …
Minnesota Lawsuit Takes on Involuntary Sedations
- July 16, 2018, 3:37 pm
An attorney for a Minneapolis, Minn. man is drawing parallels between his client’s lawsuit and the recent debate over police urging paramedics to sedate unruly people. Forty-eight-year-old John Powell says he suffered breathing problems and needed emergency care after suburban …
Oregon Acknowledges Oversight Lack in Medical Marijuana Program
Andrew Selsky - July 16, 2018, 3:23 pm
How much medical marijuana is in the pipeline in Oregon? The managers of the state’s program concede that they simply don’t know because of lax reporting by producers and a lack of site inspectors. That, they say, creates opportunities for …
Another Lawsuit From Ex-Worker in New Mexico City
- July 16, 2018, 3:20 pm
A northern New Mexico city is facing another lawsuit from a former employer in yet another controversy involving its mayor. The Santa Fe New Mexican reports Martin Gonzales, a former public works director of Las Vegas, N.M., is suing the …
25 Injured When Bus Overturns on California Freeway
- July 16, 2018, 3:19 pm
Authorities say 25 people have been injured after a bus overturned on a Southern California freeway but most of the passengers had minor injuries. The Los Angeles Fire Department says the bus crashed shortly before 4 a.m. Saturday in Pico-Union, …
Toyota Launching App-Controlled Car-Sharing in Hawaii
- July 16, 2018, 2:54 pm
Toyota Motor Corp. launched a Honolulu, Hawaii car-sharing service that enables customers to use smartphones to unlock and start cars for rent by the hour or day. It’s the latest service offered by an automaker that competes with ride-hailing and …

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