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Today’s Insurance News
Source: Insurance Journal
Texas Bill Seeks Limits on Hailstorm Lawsuits
Stephanie K. Jones - February 24, 2017, 5:53 pm
A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed by …
Californian Sentenced for Felony Insurance Fraud in Sacramento
Stephanie K. Jones - February 24, 2017, 5:40 pm
The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation, and ordered her to pay $1,781 in …
Brinson Takes Over as President of Texas Surplus Lines Assoc.
Stephanie K. Jones - February 24, 2017, 5:32 pm
Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the insurance industry to her …
Jury: Former Oklahoma Legislator Must Pay Insurer $4.3M in Defamation Case
Stephanie K. Jones - February 24, 2017, 5:02 pm
A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued …
Ryan Specialty Group to Acquire Trident Marine Managers
Stephanie K. Jones - February 24, 2017, 5:01 pm
RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the energy sector for more than 35 …
GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs
Amy O'Connor - February 24, 2017, 4:37 pm
GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto policies through Falls Lake. GMI …
BKS Partners in Florida Partners With D&M Insurance Solutions
Amy O'Connor - February 24, 2017, 4:31 pm
Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership was finalized on Feb. 22, 2017. D&M focuses on serving financial institutions, investors, …
Florida-Based SUNZ Taps Bryant as EVP, Chief Legal Officer
Amy O'Connor - February 24, 2017, 4:22 pm
SUNZ Holdings has appointed Theodore “Ted” G. Bryant, Esq. to the position of executive vice president and chief legal officer of SUNZ Holdings and will report directly to Steven F. Herrig, CEO and chairman of the board. In this newly …
Proposed Florida Bill Gives Women 10 Years to Sue Doctors Over Abortions
Amy O'Connor - February 24, 2017, 4:16 pm
Women who have abortions in Florida would find it easier to sue the doctors who performed the procedure, under a contentious bill now moving through the state House. But it’s unclear if the legislation – which has been opposed by …
South Carolina Lawmakers File 10 Bills Aimed at Curbing Opioid Abuse
Amy O'Connor - February 24, 2017, 4:09 pm
House Republicans filed 10 proposals Wednesday aimed at curbing South Carolina’s rampant prescription painkiller problem and promised more legislation would follow. “We wanted to get the ball rolling. This is just the first step,” said Rep. Eric Bedingfield, R-Belton, one …
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump
Andrew G. Simpson - February 24, 2017, 3:47 pm
Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “appropriateness and federal regulation” of …
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
L.S. Howard - February 24, 2017, 3:10 pm
U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and …
EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars
L.S. Howard - February 24, 2017, 2:57 pm
European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. But they rejected …
6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel
L.S. Howard - February 24, 2017, 2:46 pm
The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by …
Security Breach at New York’s Kennedy Airport Unnerves Some Travelers
Elizabeth Blosfield - February 24, 2017, 2:39 pm
A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation’s busiest airports has some travelers scratching their heads about how this could happen even with the enhanced security measures put in …
Reported Drone Flying Violations Up 46%
Andrew G. Simpson - February 24, 2017, 2:32 pm
Reports of  drone safety violations continued to increase during 2016. There were 1,274 reports from February through September last year, compared with 874 for the same period in 2015 — a 46 percent increase. The Federal Aviation Administration (FAA) released …
Wrongfully Imprisoned Man Could Get $1.55M from Virginia
- February 24, 2017, 2:30 pm
A man who spent more than three decades in prison for a crime he didn’t commit could be getting $1.55 million from the state of Virginia. The Richmond Times-Dispatch reports that a bill to provide compensation to 60-year-old Keith Allen …
What is Lidar and Why Are Autonomous Car Makers Fighting Over It?
Andrew G. Simpson - February 24, 2017, 2:23 pm
Spacecraft use it to measure distance. Farmers use it to work out which fields need fertilizer. Archaeologists use it to map topography. And, crucially for Uber Technologies Inc. and Alphabet Inc.’s Waymo, self-driving cars use lidar to navigate. As carmakers …
Massachusetts-Headquartered Eastern Insurance Group Hires Goyer
- February 24, 2017, 1:44 pm
Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired Mark J. Goyer as vice president and sales executive within Eastern Benefits Group, the insurance firm’s employee benefits division. Goyer, who works out of the Norwell, Mass., office, …
Lucky to Be Alive, Calling for a Revolution in Road Safety
Andrew G. Simpson - February 24, 2017, 1:33 pm
Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even …
XL Catlin Launches $500,000 Fund for Scientists Researching Ocean Risks
- February 24, 2017, 12:38 pm
XL Catlin has launched a $500,000 fund to support “early career scientists” undertaking research into the changing ocean environment. The XL Catlin Ocean Risk Grants will be awarded to scientists for final year BSc, Masters and PhD research. The fund demonstrates …
Helping Small Insurers Sell Cyber Coverage to Small Businesses
djohnson - February 24, 2017, 11:48 am
With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been sidelined in this market due to …
Third Point Re’s Berger to Step Down as CEO, Succeeded by Bredahl
L.S. Howard - February 24, 2017, 11:16 am
Third Point Reinsurance Ltd. announced that John Berger, chairman and CEO, will be stepping down as CEO effective March 1, 2017. Robert Bredahl, currently president and chief operating officer, will succeed Berger as CEO of Third Point Re on March 1. Berger will …
UK Suspect Arrested in Deutsche Telekom Cyber Attack
L.S. Howard - February 24, 2017, 10:15 am
British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom’s internet service, German federal police said on Thursday. Britain’s National Crime Agency detained the 29-year-old Briton at one of …
Chubb’s Draper Jumps to Navigators to Head International Casualty
Andrew G. Simpson - February 24, 2017, 7:55 am
The Navigators Group Inc. said that David J. Draper has joined the company as head of International Casualty. Draper is responsible for developing Navigators’ international casualty business outside of the United States in Europe, including in the UK, and in …
Now’s the Time to Invest in ’80s-Era Classic Cars
Andrew G. Simpson - February 24, 2017, 6:00 am
Thirty years ago, a person of means could walk into an import car dealership, drop a sum that would double the average annual household income, and drive out with a grand touring coupe—a two-door, four-seater powered by a prodigious, smooth, naturally aspirated …
WestCongress Insurance Services Opens in Detroit
Stephanie K. Jones - February 24, 2017, 3:26 am
WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and underserved segments. The company’s initial product …
Oregon Workers’ Comp Provider Sees Big Hike in Slip, Fall Injuries in January
Stephanie K. Jones - February 24, 2017, 3:08 am
As a result of the heavy snow and ice statewide in January, more Oregon workers suffered slips, trips and falls than in any recent January, according to SAIF data. SAIF is Oregon’s not-for-profit, state-chartered workers’ compensation insurance company. More than …
Watson Joins Cavignac & Associates in San Diego
Stephanie K. Jones - February 24, 2017, 3:03 am
Cavignac & Associates, a San Diego-based risk management and insurance brokerage firm, has hired Stephen Watson as a junior account executive. His principle area of focus will be on professional liability. Watson previously was employed as assistant manager of Walmart …
Minot, North Dakota, Planning for Launch of Disaster Resilience Program
Stephanie K. Jones - February 24, 2017, 2:57 am
Minot officials have drafted a new governance structure for the city in hopes of giving momentum to its disaster resilience program. City Manager Tom Barry outlined the plan to the Minot City Council earlier this month, the Minot Daily News …

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