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Today’s Insurance News
Source: Insurance Journal
West Virginia Investigators: Harpers Ferry Fire Started on Business Patio
- August 4, 2015, 4:23 am

A state agency spokesman says a fire in Harpers Ferry, W. Va.’s, commercial area began on the rear patio of a business. Department of Military Affairs and Public Safety spokesman Lawrence Messina tells The Herald-Mail that the cause of the …

The article West Virginia Investigators: Harpers Ferry Fire Started on Business Patio appeared first on Insurance Journal.

PURE Introduces Domestic Staff Workers’ Comp Coverage for Florida Members
- August 4, 2015, 4:17 am

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has introduced Domestic Workers’ Compensation Insurance for members residing in Florida. The coverage provides protection for trusted and valued domestic employees. “The …

The article PURE Introduces Domestic Staff Workers’ Comp Coverage for Florida Members appeared first on Insurance Journal.

Firefighters Work to Contain North Carolina Forest Fire Threatening Homes
- August 4, 2015, 4:00 am

Firefighters are working to contain a wildfire burning in the Pisgah National Forest in McDowell County, North Carolina. The U.S. Forest Service said Sunday anyone traveling along Interstate 40 and U.S. Highway 70 can expect to see smoke over the …

The article Firefighters Work to Contain North Carolina Forest Fire Threatening Homes appeared first on Insurance Journal.

Vermont Licensed 14 New Captives So Far This Year
- August 4, 2015, 3:33 am

The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of 16. The newly licensed captives include seven pure …

The article Vermont Licensed 14 New Captives So Far This Year appeared first on Insurance Journal.

Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston
- August 4, 2015, 3:29 am

Arthur J. Gallagher & Co. announced today that it has completed its previously disclosed acquisition of William Gallagher Associates Insurance Brokers Inc. in Boston. Arthur J. Gallagher & Co. previously announced on June 15 that it has signed a definitive …

The article Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston appeared first on Insurance Journal.

Chubb Did Not Seek Competing Offers Prior to ACE Deal
- August 3, 2015, 11:58 pm

Chubb Corp. and its bankers at Guggenheim Securities opted against seeking competing offers before the insurer agreed to be purchased by ACE Ltd. for more than $28 billion. “It was not asked by the Chubb board to, and Guggenheim Securities …

The article Chubb Did Not Seek Competing Offers Prior to ACE Deal appeared first on Insurance Journal.

D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner
- August 3, 2015, 8:13 pm

The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner. Taylor succeeds Chester A. McPherson, who has served as DISB’s acting commissioner since …

The article D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner appeared first on Insurance Journal.

Appeals Court: Indiana Police Department Can Be Held Liable
- August 3, 2015, 5:13 pm

A federal appeals court has ruled the Evansville Police Department in Indiana committed too many mistakes” to be shielded from liability in a lawsuit filed over a SWAT raid on her home in 2012. The Evansville Courier & Press reports …

The article Appeals Court: Indiana Police Department Can Be Held Liable appeared first on Insurance Journal.

Nebraska Jury Awards $920K to Man Hurt When Chair Broke
- August 3, 2015, 5:09 pm

A man who was injured at a Union Pacific facility when a chair he was sitting on broke has been awarded more than $920,000 by a jury in western Nebraska. Dan Anderson filed the lawsuit in March 2010, alleging that …

The article Nebraska Jury Awards $920K to Man Hurt When Chair Broke appeared first on Insurance Journal.

NFP Acquires BWD Group in New York
- August 3, 2015, 4:58 pm

NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the transaction were not disclosed. NFP said the BWD acquisition …

The article NFP Acquires BWD Group in New York appeared first on Insurance Journal.

Another Earthquake Shakes Northern Oklahoma
- August 3, 2015, 4:49 pm

Another earthquake has shaken parts of northern Oklahoma near the Kansas border. The U.S. Geological Survey says the 3.6 magnitude earthquake was recorded at 3:28 p.m. on Aug. 1 about 11 miles south-southwest of Medford in Grant County. Medford is …

The article Another Earthquake Shakes Northern Oklahoma appeared first on Insurance Journal.

SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award
- August 3, 2015, 4:42 pm

Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer Inga Beale. She is the first female to lead Lloyd’s, the world’s …

The article SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award appeared first on Insurance Journal.

Former Texas Surgeon Charged with Assault in Malpractice Cases
- August 3, 2015, 4:37 pm

A former Dallas neurosurgeon has been described by state regulators as so derelict during operations that his actions led to the deaths of two patients and left others with disabling injuries in what’s seen as one of the worst recent …

The article Former Texas Surgeon Charged with Assault in Malpractice Cases appeared first on Insurance Journal.

Confie Adds Dallas-Based Insurance King Auto Agency
- August 3, 2015, 4:30 pm

Confie, a national provider of personal lines insurance, has acquired the business of Insurance King Auto Agency LLC, which has two locations in Dallas The family-owned agency was established in March 2010 and specializes in personal lines. Established in 2008, …

The article Confie Adds Dallas-Based Insurance King Auto Agency appeared first on Insurance Journal.

Marsh & McLennan Agency Acquires Cline Wood in Kansas City
- August 3, 2015, 4:28 pm

Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood specializes in providing property/casualty insurance and risk management and …

The article Marsh & McLennan Agency Acquires Cline Wood in Kansas City appeared first on Insurance Journal.

Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York
- August 3, 2015, 4:25 pm

Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency Inc. in Bellport, New York. Terms of the transactions were …

The article Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York appeared first on Insurance Journal.

Some Crops Falter in Record Midwest Rains
- August 3, 2015, 4:25 pm

Weeks of record rainfalls drenched Don Lamb’s cornfields this summer, drowning some plants and leaving others yellowed, 2 feet tall and capable of producing little, if any, grain. The 48-year-old central Indiana farmer can’t recall anything like the deluges he’s …

The article Some Crops Falter in Record Midwest Rains appeared first on Insurance Journal.

Winter Wheat Crop Insurance Offered to All South Dakota Farmers
- August 3, 2015, 4:24 pm

Ag producers across South Dakota will now be able to insure their winter wheat crop for 2016. State Agriculture Secretary Lucas Lentsch says the U.S. Department of Agriculture recently decided to expand crop insurance coverage for winter wheat in all South …

The article Winter Wheat Crop Insurance Offered to All South Dakota Farmers appeared first on Insurance Journal.

California, Pacific Northwest Schools Get $4M for Earthquake Early Warning Systems
- August 3, 2015, 3:48 pm

The U.S. Geological Survey has awarded $4 million to four universities in the Pacific Northwest and California to boost the development of earthquake early warning systems. The University of Washington, the University of Oregon, the California Institute of Technology and …

The article California, Pacific Northwest Schools Get $4M for Earthquake Early Warning Systems appeared first on Insurance Journal.

Coal Plant Owners in Las Vegas Area to Settle Lawsuit for $4.3M
- August 3, 2015, 3:45 pm

Owners of a soon-to-close coal-fired power plant outside Las Vegas, Nev. have agreed to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution. Some $1.5 million of …

The article Coal Plant Owners in Las Vegas Area to Settle Lawsuit for $4.3M appeared first on Insurance Journal.

Uber, Driver Attorneys Steering Toward Crucial California Hearing
- August 3, 2015, 3:42 pm

Uber Technologies Inc. is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in …

The article Uber, Driver Attorneys Steering Toward Crucial California Hearing appeared first on Insurance Journal.

Raging California Wildfire Jumps Containment
- August 3, 2015, 3:36 pm

Firefighters aided by lower temperatures and higher humidity have made progress corralling a wildfire threatening thousands of homes in Northern California. California Department of Forestry and Fire Protection Capt. Don Camp says containment of the fire in the Lower Lake …

The article Raging California Wildfire Jumps Containment appeared first on Insurance Journal.

AmWINS Group Acquires The III Group in Pennsylvania
- August 3, 2015, 2:52 pm

Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1972, The III Group’s divisions consist of …

The article AmWINS Group Acquires The III Group in Pennsylvania appeared first on Insurance Journal.

OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
- August 3, 2015, 12:57 pm

OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that …

The article OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market appeared first on Insurance Journal.

AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee
- August 3, 2015, 12:51 pm

AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd. to terminate the amalgamation …

The article AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee appeared first on Insurance Journal.

Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS
- August 3, 2015, 12:34 pm

EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which …

The article Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS appeared first on Insurance Journal.

Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected
- August 3, 2015, 12:32 pm

High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within weeks. During four days of …

The article Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected appeared first on Insurance Journal.

The Buckner Co. Acquires Keller-Lowry Insurance in Colorado
- August 3, 2015, 12:00 pm

The Buckner Co. has acquired the assets of Denver, Colo.-based Keller-Lowry Insurance Inc. The deal is effective Aug. 1. Financial terms were not disclosed. Keller-Lowry specializes in manufacturing, transportation, habitational and construction. Keller- Lowry becomes the platform for Salt Lake …

The article The Buckner Co. Acquires Keller-Lowry Insurance in Colorado appeared first on Insurance Journal.

Car Hacking Risk Could Be More Widespread
- August 3, 2015, 11:56 am

The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads …

The article Car Hacking Risk Could Be More Widespread appeared first on Insurance Journal.

Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
- August 3, 2015, 10:07 am

Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people, who asked …

The article Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources appeared first on Insurance Journal.

Southwest Risk, LP is proud of the most recent experienced brokers and insurance professionals who have joined the company: Jim Bishop, Robin Page, Deborah Oddy, Dave Wagner and Jennifer Flake!

2015 is on target to be another exciting year of growth and expansion. Construction on the new Houston office continues and we are on target for a Fall move in.

Our temporary Fort Worth office is open and located in The Atrium building, located at 777 Main Street, Suite 600; Fort Worth, TX 76102. The permanent Fort Worth office is under construction and slated to open in late 2015/early 2016!

We are still actively recruiting seasoned insurance professionals to join our winning team!