Insurance Journal


The latest articles and news from Insurance Journal

  • Wine Named Securities Head, Shultz Asst. Commissioner at Kansas Insurance Dept. June 23, 2017 4:50 pm
    John Wine, current assistant commissioner at the Kansas Insurance Department (KID), has been named securities commissioner within the department, and Clark Shultz has been tapped as Wine’s successor as assistant commissioner. The administrative changes are a result of the upcoming …
    Stephanie K. Jones
  • Watkins Insurance Group Expanding to Georgetown, Texas June 23, 2017 4:35 pm
    Watkins Insurance Group announced it is expanding to Georgetown, Texas, and plans to build a new location in the city’s historic downtown. The new building, to be located at 815 South Main Street, will be a two-story development that will …
    Stephanie K. Jones
  • Texas Mutual Promotes Green-Hinojosa, Scott to VP Positions June 23, 2017 4:26 pm
    Austin-based workers’ compensation insurance provider Texas Mutual Insurance Co. has promoted Amy Green-Hinojosa to vice president of the project management office and Nathan Scott to vice president of investments. Green-Hinojosa joined Texas Mutual in 1995 in the premium audit department …
    Stephanie K. Jones
  • Texas Stamping Office: Surplus Lines Insurance Premium Up for 2017 June 23, 2017 4:26 pm
    Data collected by the Surplus Lines Stamping Office of Texas (SLTX) shows that insurance premium amounts recorded in May 2017 are higher than totals recorded in May of 2016 or 2015. The information was presented at the second-quarter SLTX board …
    Stephanie K. Jones
  • Partners Specialty Group Adds Swett & Crawford’s Coelho in Kansas City June 23, 2017 4:14 pm
    Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its property team. He is based in Kansas City, Mo. With almost 30 years of experience in the insurance industry, Coelho specializes in protection for challenging property risks, …
    Stephanie K. Jones
  • Missouri Becomes 3rd State to Sue Opioid Manufacturers June 23, 2017 4:11 pm
    Missouri on June 21 became the third U.S. state to accuse major drug manufacturers of fraudulently misrepresenting the risks of opioid painkillers now at the center of a national addiction epidemic. Missouri Attorney General Josh Hawley said his office filed …
    Stephanie K. Jones
  • Zenefits to Pay $3.4M for Fair Labor Act Violations in California and Arizona June 23, 2017 3:04 pm
    Zenefits is in trouble with another government regulator. San Francisco, Calif.-based Zenefits FTW Insurance Services violated the Fair Labor Standards Act by misclassifying 743 account executives and sales development representatives in San Francisco, and in Tempe and Scottsdale, Ariz., as …
    Don Jergler
  • California Judge Will Let San Francisco Subpoena Uber for Driver Information June 23, 2017 2:51 pm
    A California state judge said that San Francisco can demand from Uber records containing the ridesharing company’s driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber Technologies Inc. …
    Don Jergler
  • United Valley Adds 2 Members in Southern California June 23, 2017 2:47 pm
    United Valley has added Goodwin Insurance Agency Inc. of Redlands, Calif. and RBP Insurance Services Inc. of Valencia, Calif. to its network. Goodwin Insurance, which was founded in 2004 by agency owners Glenn Goodwin, Nick Goodwin and Holly Grimm, provides …
    Don Jergler
  • Survey: Agents Suggest How Carriers Can Move from ‘Good’ to ‘Great’ June 23, 2017 2:35 pm
    One would expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn’t always the case. Peeling back the layers usually reveals fertile ground for improvement and shows the path to higher performance …
    Andrea Wells
  • Man Admits He Embezzled $700K from Maine Boatyard June 23, 2017 1:23 pm
    A Massachusetts man who worked as a financial manager for a Maine boatyard has admitted to embezzling over $700,000 from the company. The Portland Press Herald reports 50-year-old Steven Nygren, of Salem, Mass., pleaded guilty to bank fraud, credit card fraud …
  • Massachusetts House Approves Bill to Redo Recreational Marijuana Law June 23, 2017 1:17 pm
    A bill that would repeal and replace the recreational marijuana law approved by Massachusetts voters in November cleared the House late Wednesday. Critics who lashed out at the proposal accused lawmakers of ignoring the will of the electorate and taking …
    Elizabeth Blosfield
  • JLT Re Appoints Chubb’s Williams as Partner in Bermuda Operation June 23, 2017 1:12 pm
    JLT Re, the global provider of reinsurance broking and consultancy, has appointed Deanna Williams as a partner in JLT Re’s Bermuda operation. She will report to Charles Withers-Clarke, partner, JLT Re in Bermuda, who said that Williams will focus on …
  • Beecher Carlson Expands Energy Practice in the Northeast June 23, 2017 1:09 pm
    Beecher Carlson Insurance Services LLC (Beecher Carlson), a specialized large account insurance broker, has expanded the northeast operations of its energy practice. Sara Kane has been appointed senior vice president. She will be responsible for developing and managing energy risk …
  • XL Catlin Promotes E&S Property Insurance Regional Leader in Boston June 23, 2017 1:02 pm
    XL Catlin’s excess and surplus (E&S) insurance team has promoted Caitlin Murphy from senior underwriter to the role of eastern regional vice president of E&S Property. In her new role, Murphy will direct regional underwriting operations and product and business …
  • Randall & Quilter to Sell Lloyd’s Agency to Medical Liability Insurer Coverys June 23, 2017 12:48 pm
    Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability insurance based in Boston, Mass. …
  • Weed Warning: Legalizing Marijuana Tied to Rise in Crashes in 3 States by HLDI June 23, 2017 12:38 pm
    Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about three percent higher overall than would have been expected without legalization, a new insurance report has found. The Highway Loss Data Institute …
  • Brexit Critics Now Emboldened to Block Prime Minister’s Plans for ‘Hard Brexit’ June 23, 2017 12:10 pm
    When she called a snap election in April, Theresa May said she needed voters’ backing to silence rivals in Parliament who were trying to frustrate her plans for Brexit. Instead, the British prime minister’s electoral humiliation seven weeks later weakened …
    L.S. Howard
  • After Drenching Gulf Coast, Tropical Storm Cindy Heads North, East June 23, 2017 11:10 am
    The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days, forecasters said. Flooding and road closures stretched from …
    Andrew G. Simpson
  • Reinsurance Rates Continue to Soften with No End in Sight: S&P June 23, 2017 11:08 am
    The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor’s said in a new report. The continued downward …
  • Protecting Unions Is a Labor of Love for Union Insurance Group June 23, 2017 5:34 am
    It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve …
    Stephanie K. Jones
  • Highly Contagious Citrus Disease Spreads to Alabama June 23, 2017 5:02 am
    A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. Federal and state plant officials confirm that citrus greening was found in leaf and insect samples at a home …
    Amy O'Connor
  • Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016 June 23, 2017 5:00 am
    Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers are American International Group, XL Group …
  • North Carolina Senate Passes Legislation to Reduce Opioid Abuse June 23, 2017 4:58 am
    Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The measure approved Wednesday changes how drugs such as OxyContin and morphine are prescribed and dispensed. The painkillers come with a high …
    Amy O'Connor
  • Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates June 23, 2017 4:36 am
    Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to …
    Amy O'Connor
  • Tennessee-Based Reliance Partners Promotes Howell to SVP June 23, 2017 4:25 am
    Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice president, overseeing HR and Finance. She …
    Amy O'Connor
  • 12 States Call Out California’s ‘Affront to Sound Insurance Regulation’ June 22, 2017 10:24 pm
    It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …
    Don Jergler
  • Insurtech Startup Buys MGA in California with Product for Agents in Mind June 22, 2017 7:55 pm
    Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …
    Don Jergler
  • January, Rupper and Sanders Join RHSB Insurance in Dallas June 22, 2017 4:51 pm
    Dallas-based independent insurance broker RHSB has added Austin January, Dan Rupper and John Sanders as assistant vice presidents. January, AVP employee benefits, is an experienced employee benefits consultant proficient in several functions of human capital management. Prior to joining RHSB, …
    Stephanie K. Jones
  • Ex-Missouri Insurance Director Joins Dentons Law Firm in Kansas City June 22, 2017 4:40 pm
    The global law firm, Dentons, has named John M. Huff as a partner in its insurance regulatory practice. He is based in Kansas City. Huff most recently served as director of the Missouri Department of Insurance, where he oversaw one …
    Stephanie K. Jones