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UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations
British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. In a win for Dublin’s campaign to attract financial services firms in …

POSTED MAY 26, 2017 2:32 PM
The Hartford Names Firstenberg P/C Insurance Chief Underwriting Officer
The Hartford has named David Firstenberg as chief underwriting officer for the company’s property/ casualty insurance businesses, replacing Mo Tooker, who was recently named head of The Hartford’s Middle Market segment. Firstenberg will oversee the common underwriting framework across The Hartford’s Small Commercial, Middle Market, Specialty Commercial and Personal Lines segments, …

POSTED MAY 26, 2017 2:27 PM
Cyber Insurance Market Growing Slower Than Expected: Allianz
The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 million), Axel Theis, Allianz …

POSTED MAY 26, 2017 2:07 PM
NOAA Updates Forecast for Atlantic Hurricane Season, Pacific’s El NIno
The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the six-month season that begins …

POSTED MAY 26, 2017 1:35 PM
Vermont Governor Vetoes Marijuana Bill, Wants Changes Made
Vermont Republican Gov. Phil Scott on Wednesday vetoed a bill that would have made Vermont the ninth state to legalize recreational marijuana but indicated that he was willing to work with the Legislature on a compromise. Scott said he was …

POSTED MAY 26, 2017 1:29 PM
Connecticut’s Smith Brothers Hires Peruccio from Cigna Healthcare
Smith Brothers, a Glastonbury, Conn.-based insurance broker, has added Chelsea Peruccio as an employee benefits advisor. Her responsibilities include new business development, account management and creating employee benefit strategies to help clients achieve positive results. She has experience working with clients in …

POSTED MAY 26, 2017 1:20 PM
Executive Changes Announced at Massachusetts’ Hospitality Insurance Group
After 32 years as a member of Hospitality Insurance Group’s Board of Directors, E. Thomas McCabe Jr. of Westborough, Mass., will be stepping down as chairman. Before joining Hospitality Insurance Group, McCabe was a past president of Massachusetts Restaurant Association …

POSTED MAY 26, 2017 1:06 PM
Hanover Insurance Names Zurich’s Salvatore as President of Specialty
The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty, effective June 12. In this role, Salvatore will lead the …

POSTED MAY 26, 2017 12:47 PM
States Move to Ban Asking Job Applicants About Past Salary
An awkward job interview question — how much did you make at your last job? — is getting banned in some parts of the country. Massachusetts, New York City and Philadelphia have passed laws that bar employers from asking applicants …

POSTED MAY 26, 2017 12:01 PM
A.M. Best Affirms Ratings of PartnerRe & Subsidiaries
A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Bermuda-based Partner Reinsurance Co. Ltd. and its affiliates (collectively referred to as PartnerRe). A.M. Best has also affirmed the …

POSTED MAY 26, 2017 11:47 AM
AGCS Promotes Hansen as Head of Aviation, Succeeding Haagen
Allianz Global Corporate & Specialty (AGCS) announced that Mike Hansen has been named global head of Aviation. He takes over this responsibility from Henning Haagen who was appointed Northeast Zone Executive for North America earlier this year and has been …

POSTED MAY 26, 2017 11:21 AM
QBE Taps Commonwealth Bank of Australia’s Ford as Group CFO
QBE Insurance Group Ltd. has appointed Michael Ford as group chief financial officer. Ford is currently the deputy CFO for the Commonwealth Bank of Australia (CBA). He joined the bank in 2005 and held a number of senior finance roles …

POSTED MAY 26, 2017 9:21 AM
AmWins and Networked Deal Plays to Each Firm’s Strengths, Execs Say
The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based distributor of specialty insurance products and the California-based aggregator. Namely, the deal plays to each firm’s …

POSTED MAY 26, 2017 9:00 AM
Here’s What the House Has in Mind for Revamping Flood Insurance Program
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce reforms to put the NFIP on stronger financial footing; provide aid …

POSTED MAY 26, 2017 5:00 AM
Report: Florida Resident Sparked Wildfire With Lawn Mower
A lawn mower is being blamed for sparking a wildfire that destroyed five structures in Florida. The Naples Daily News reports that the state’s Office of Agricultural Law Enforcement concluded its investigation into the fire that started April 20 in …

POSTED MAY 26, 2017 4:50 AM
Zenefits to Pay North Carolina $104K to Settle Licensing Violations
The North Carolina Department of Insurance has reached a settlement agreement with YourPeople, Inc., dba Zenefits FTW Insurance Services (Zenefits) resulting in a $104,500 penalty, according to a statement from Insurance Commissioner Mike Causey. Department of Insurance Agent Services Division …

POSTED MAY 26, 2017 4:43 AM
West Virginia Gov Orders State to Step-Up Cybersecurity Efforts
Gov. Jim Justice has directed the West Virginia Board of Risk and Insurance Management to take steps to protect personally identifiable information collected and kept by state agencies, including health information required by law to be kept private. In an …

POSTED MAY 26, 2017 4:28 AM
1 Dead After Florida Driver Crashes Into Gas Pump, Causing Fire
A fire at a gas station ignited by a car slamming into a pump has killed one person in Florida. Local news organizations report the fire erupted at a BP station in Dania Beach on Tuesday night after a driver …

POSTED MAY 26, 2017 4:00 AM
Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.
Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The report shows that temperature increases …

POSTED MAY 26, 2017 12:31 AM
Zurich North America Combines Commercial, Specialty Products; Horgan to Head New Unit
Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations. The company said the move will provide easier access and greater consistency across North America and …

POSTED MAY 26, 2017 12:22 AM
Federal Disaster Assistance Granted for 2 Oklahoma Counties
Two Oklahoma counties may now receive disaster assistance from the U.S. Small Business Administration (SBA) as a result of the severe weather that occurred April 28 through May 2, the governor’s office reported. The designation provides SBA low-interest disaster loans …

POSTED MAY 25, 2017 4:48 PM
Texas ‘Industrial Insureds’ Surplus Lines Bill Signed into Law
On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg Abbott has signed the measure, which becomes effective …

POSTED MAY 25, 2017 4:30 PM
Emotional Intelligence: Do Your Leaders Walk the Talk?
There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: “What’s your job here?” The janitor replied: “I’m helping …

POSTED MAY 25, 2017 4:28 PM
Collision Between School Bus, Truck Sends 3 Students to Hospital
Three students have been taken to the hospital for minor injuries after a school bus and a truck collided in eastern South Carolina. The wreck was reported around 8 a.m. Wednesday on U.S. 52 in Moncks Corner. Berkeley County school …

POSTED MAY 25, 2017 4:25 PM
Lt. Gen. Stanley E. Clarke III Named Chairman of Armed Forces Insurance
Armed Forces Insurance (AFI), based in Leavenworth, Kansas, has appointed Lt. Gen. Stanley E. “Sid” Clarke III, U.S. Air Force (Ret.), as its incoming chairman. Clarke begins his new role as Armed Forces Insurance celebrates its 130th year in service …

POSTED MAY 25, 2017 4:21 PM
Lloyd’s Insurers Launch Asia Political Risk Consortium
Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work collectively to provide large scale capacity of …

POSTED MAY 25, 2017 4:20 PM
Wildfire near Leavenworth, Washington, Forces Evacuations
Evacuation orders are still in effect in as crews battle a wildfire north of Leavenworth, Washington. Brendan Cowan, a spokesman for the Northwest Incident Management Team, says the blaze covered about 40 acres as of Wednesday morning. Cowan says there’s …

POSTED MAY 25, 2017 4:11 PM
Suspicious Fires in Arkansas Targeting Police, Firefighter Properties
Authorities in a small Arkansas town say local police and firefighters are being targeted by suspicious fires and vandalism. The Arkansas Democrat-Gazette reports the incidents in Cotton Plant began in February, when a fire destroyed a firefighter’s rental home. The …

POSTED MAY 25, 2017 4:08 PM
Wisconsin County’s Initial Tornado Damage Estimate: $10M
The Barron County Sheriff’s Department has released initial damage estimates from a tornado that tore through the Chetek area of northwestern Wisconsin last week. The department said Sunday that the storm damaged 231 homes and four commercial properties across the …

POSTED MAY 25, 2017 4:06 PM
New Flood Plain Maps Bring Good, Bad News for South Dakota Towns
The Federal Emergency Management Agency’s proposed revisions to Yankton’s flood plain map could encompass nearly 200 additional properties. On the flip side, a revision in Rapid City means 224 properties have been removed from that city’s flood hazard area. Properties …

POSTED MAY 25, 2017 4:03 PM

West News – Insurance Journal

AmWins and Networked Deal Plays to Each Firm’s Strengths, Execs Say
The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based distributor of specialty insurance products and the California-based aggregator. Namely, the deal plays to each firm’s …

POSTED MAY 26, 2017 9:00 AM
Wildfire near Leavenworth, Washington, Forces Evacuations
Evacuation orders are still in effect in as crews battle a wildfire north of Leavenworth, Washington. Brendan Cowan, a spokesman for the Northwest Incident Management Team, says the blaze covered about 40 acres as of Wednesday morning. Cowan says there’s …

POSTED MAY 25, 2017 4:11 PM
California Auto Dealer Awarded $256M in Nissan Suit
A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled in favor of Michael …

POSTED MAY 25, 2017 2:26 PM
Alaska Hosts Plate Tectonics Research Effort
Alaska averages 40,000 earthquakes per year, with more large quakes than the other 49 states combined, and America’s shakiest state is about to have its ground examined like never before. A federal agency that supports basic science research is completing …

POSTED MAY 25, 2017 2:22 PM
California’s Single-Payer Bill Comes with $400B Price Tag
A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases, legislative analysts said. Much of the cost would be offset by existing …

POSTED MAY 24, 2017 1:55 PM
Small Quake Jolts Southern Part of Hawaii’s Big Island
A magnitude 3.0 earthquake hit the island of Hawaii, the U.S. Geological Survey confirmed. The earthquake hit at 5:59 p.m. local time on Monday. Its epicenter was 12 miles (20 kilometers) north of Pahala, a town with a population of …

POSTED MAY 24, 2017 1:50 PM
Paul Hanson’s Pedisich Heads to EPIC as Producer in California
EPIC Insurance Brokers and Consultants has added Nick Pedisich as an insurance broker/producer. Pedisich will be based in EPIC’s Concord, Calif. office and report to Curt Perata, president of EPIC’s Pacific North region. He is focused on the transportation industry …

POSTED MAY 24, 2017 9:00 AM
Colorado Hailstorm on Pace to be Most Expensive in State History
More than 150,000 auto insurance claims and 50,000 homeowners claims are estimated to be filed in the wake of a monster hailstorm that pounded Colorado’s Front Range on May 8, putting it on pace to be the state’s most expensive …

POSTED MAY 23, 2017 7:03 PM
California’s Enforcement against W.R. Berkley Ends in $12M Settlement
California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc. nka BXM Insurance Services Inc., …

POSTED MAY 23, 2017 6:52 PM
Swiss Re Places $925M Cat Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction through two classes of principal-at-risk variable rate notes issued by …

POSTED MAY 23, 2017 2:33 PM
EPB&B in Oregon Partners with ISU Insurance Network
Portland, Ore.-based Elliott, Powell, Baden & Baker has partnered with ISU Insurance Agency Network. EPB&B offers business and personal insurance. San Francisco, Calif.-based ISU Network is a organization with 180 mid-sized agencies in 30 states. Member agencies maintain local ownership.

POSTED MAY 23, 2017 2:13 PM
California Commissioner Lowers Workers’ Comp Pure Premium
California Insurance Commissioner Dave Jones issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance effective July 1. This is 16.5 percent less than the average pure premium rate of …

POSTED MAY 22, 2017 11:10 PM
California’s Comp Insurers Had 5.1% More in Direct Written Premium in 2016
California workers’ compensation insurers wrote $12.96 billion in direct written premium last year, an increase of $628 million, or 5.1 percent, from the prior year, according to new data from the National Association of Insurance Commissioners released by the California …

POSTED MAY 22, 2017 7:11 PM
Insurance to Pay for up to $57M in Damage to Washington Waste Treatment Plant
An analysis says equipment failures caused between $49 million and $57 million of damage at the Washington’s largest sewage treatment plant. KING-TV reported  the analysis was released related to damage at the West Point Wastewater Treatment Plant in Seattle. The …

POSTED MAY 22, 2017 3:10 PM
$173K Settlement Revealed in Utah State Student ‘Slack Line’ Death
Utah State University has agreed to pay $172,500 to the parents of a student killed four years ago when he hit a slack line rope tied between two trees while he was biking on campus, according to documents released by …

POSTED MAY 22, 2017 3:06 PM
Tourist Suing Planet Hollywood in Vegas for Mannequin Scare Injury
A tourist is suing a Las Vegas Strip hotel, claiming a life-sized mannequin in his darkened room caused him to flee and suffer injuries. Kent Jacobs Boutwell, of Southern California, filed the lawsuit against the Planet Hollywood casino-hotel in Clark …

POSTED MAY 22, 2017 3:03 PM
Uber May Fire Key Executive in California in Self-Driving Car Dispute
Uber is threatening to fire a key executive accused of stealing self-driving car technology from a Google spin-off unless he waives his constitutional right against self-incrimination so the ridesharing service can comply with a court order. The development raises the …

POSTED MAY 22, 2017 3:01 PM
Feds Warn Arizona Commission that Lowering Workplace Injury Fines is Risky
Federal officials warned a commission overseeing Arizona’s workplace safety agency that its practice of lowering fines on companies for worker injuries and deaths violates the state’s laws and could jeopardize its ability to run its own safety program. The letter …

POSTED MAY 19, 2017 1:59 PM
Utility Sued by Relatives of Oakland Warehouse Fire Victims
Relatives of 18 of the 36 people who died in the Oakland, Calif. “Ghost Ship” warehouse fire added Pacific Gas & Electric utility as a defendant in their wrongful death lawsuits. They claimed the company should have known the warehouse’s …

POSTED MAY 19, 2017 1:56 PM
California Small Business Advocate Produces 2nd List of ‘Good, Bad & Ugly Bills’
With a California Legislative deadline looming, a business advocate is calling attention to bills that he believes owners and managers of small businesses should take note of in his second annual list of “Good, Bad & Ugly Bills.” Any bill …

POSTED MAY 18, 2017 10:19 PM
Workplace Regulation to Reduce Incidents at California Oil Refineries OK’d
California’s Department of Industrial Relations’ Occupational Safety and Health Standards Board today approved a regulation aimed at strengthening workplace safety and health at oil refineries across the state. The new regulation is designed to provide a framework for anticipating, preventing …

POSTED MAY 18, 2017 7:40 PM
Washington Governor Signs Law Banning Holding Cellphone While Driving
Washington Gov. Jay Inslee has signed a measure that bans holding hand-held devices while driving. The measure, signed by Inslee in Tacoma Tuesday, prohibits holding an electronic device, including phones, tablets and other electronic devices, while driving, including while in …

POSTED MAY 18, 2017 2:44 PM
2 Minor Quakes Shake California Coastal Area
A pair of small earthquakes gave a jolt and a shake to the Santa Barbara, Calif. area, but there were no reports of any damages or injuries, the U.S. Geological Survey confirmed. The USGS says in a preliminary report that …

POSTED MAY 18, 2017 2:42 PM
California Division of Workers’ Compensation Suspends Two, Including Drobot
California’s Department of Industrial Relations and the Division of Workers’ Compensation has suspended two more medical providers from participating in California’s workers’ compensation system. The suspensions were made possible by the passage last year of Assembly Bill 1244, which requires …

POSTED MAY 18, 2017 2:36 PM
COO Manzitto to Resign from Topa in California
Anthony Manzitto, chief operating officer of Calabasas, Calif.-based Topa Insurance Group, is resigning at the end of this month to pursue another opportunity, according to a letter from President and CEO John Donahue that is being sent to employees on …

POSTED MAY 18, 2017 12:07 AM
Report: New Medical Coding System Not Yet An Improvement in California Comp
A new report shows that an updated medical coding system that went into effect in California a year-and-a-half ago hasn’t done much to better define the characteristics of worker injuries than the old one. A report by the California Workers’ …

POSTED MAY 17, 2017 8:35 PM
Oregon Radish Farmers Sue Bank For $6.7M
A group of Oregon farmers has filed a $6.7 million lawsuit against a bank for allegedly interfering with sales of radish seed and thus causing its value to decrease. The Capital Press reported the Radish Seed Growers’ Association suit filed …

POSTED MAY 17, 2017 2:45 PM
1st Suit Filed Against Petroleum Corp. Following Colorado House Explosion
Neighbors have filed the first lawsuit stemming from a fatal house explosion in northern Colorado that’s blamed on unrefined natural gas flowing from a severed pipeline. The Longmont Times-Call reported Swiin Jeffrey and Karla Baum filed a negligence lawsuit against …

POSTED MAY 17, 2017 2:42 PM
Families of Oakland Warehouse Fire Victims Sue
Attorneys representing the families of people who died in an Oakland, Calif. warehouse fire that broke out during an unlicensed concert plan to file a lawsuit against the building’s owner and manager. Lawyer Mary Alexander says she is filing the …

POSTED MAY 17, 2017 2:40 PM
Schnoll Named General Counsel of California Department of Insurance
Ken Schnoll has been named general counsel for the California Department of Insurance. Schnoll has more than 30 years of experience, including work in regulatory and transactional matters with health insurers and property/casualty insurers. Schnoll was a partner at Dentons …

POSTED MAY 16, 2017 6:21 PM

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