Insurance

HUB International Acquires Wisconsin’s Stellarus Benefits

Insurance Journal - Mon, 09/11/2017 - 11:37am
Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Wisconsin-based Stellarus Benefits Inc. (Stellarus). Terms of the acquisition were not disclosed. With offices in Brookfield and Appleton, Wisconsin, Stellarus specializes in employee benefits. Stellarus President Christy Schwan …
Categories: Insurance

Florida ‘Dodged a Cannon’ as Irma Swerved and Weakened

Insurance Journal - Mon, 09/11/2017 - 11:18am
Florida is drenched, tattered — but fortunate. Hurricane Irma weakened as it moved past Tampa on Monday, leaving in its wake a state that avoided the worst predictions of its destruction by sea and storm. By one estimate, the cost …
Categories: Insurance

Countless Flooded Autos Leave Car-Dependent Houston Struggling

Insurance Journal - Mon, 09/11/2017 - 11:13am
Bryan Harvey is frequently reminded that he shares a name with the storm that dumped 50 inches of rain on metropolitan Houston and unleashed the floods that have him working 14-hour days towing water-logged cars. Even in their despair, some …
Categories: Insurance

Some Auto Insurers Illegally Charge Michigan Women More, Researcher Says

Insurance Journal - Mon, 09/11/2017 - 10:58am
A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating practices as the industry pushes lawmakers to contain high …
Categories: Insurance

Wisconsin Schools Sports Association Offering Concussion Insurance

Insurance Journal - Mon, 09/11/2017 - 10:54am
Wisconsin is among a handful of states that are covering student athlete concussions with a new insurance policy from the state’s regulatory body for all high school sports. The Wisconsin Interscholastic Athletic Association will have access to concussion insurance free …
Categories: Insurance

Louisiana’s LCTA Acquires Risk Management Resources, Creates Specialty Insurer

Insurance Journal - Mon, 09/11/2017 - 10:48am
Baton Rouge, Louisiana-based workers’ compensation insurance provider, LCTA Workers’ Comp (LCTA), has acquired Risk Management Resources and created a new subsidiary, LCTA Specialty Insurance Co. Risk Management Resources, which provides independent risk management consulting services to corporations and public entities, …
Categories: Insurance

Chubb Picks France for Post-Brexit European Headquarters If UK Exits EU

Insurance Journal - Mon, 09/11/2017 - 10:45am
Chubb Limited intends to relocate its European Union headquarters to France if the United Kingdom leaves the EU as expected in March 2019. The insurer said the decision to choose France as Chubb’s preferred post-Brexit headquarters for its Continental European …
Categories: Insurance

Court Blocks Seattle Law Enabling Rideshare Drivers to Unionize

Insurance Journal - Mon, 09/11/2017 - 9:40am
A federal appeals court has temporarily blocked Seattle’s first-in-the-nation law allowing drivers of ride-hailing companies such as Uber and Lyft to unionize over pay and working conditions. A three-judge panel of the 9th U.S. Circuit Court of Appeals said it …
Categories: Insurance

AXIS Adds Tom to Help Grow U.S. West Coast Renewable Energy

Insurance Journal - Mon, 09/11/2017 - 9:27am
AXIS Insurance has named Christina Tom as vice president and renewable energy underwriter. She will be based out of AXIS’ San Francisco office Tom joins AXIS Insurance’s global renewable energy team, where she will be responsible for leading its U.S. …
Categories: Insurance

New Mexico Sues 8 Drug Manufacturers, Distributors over Opioid Epidemic

Insurance Journal - Mon, 09/11/2017 - 9:19am
New Mexico has sued eight opioid manufacturers and wholesale distributors, becoming the latest state or local government to file a lawsuit seeking to hold corporations accountable for a national drug addiction epidemic. New Mexico Attorney General Hector Balderas accused Purdue …
Categories: Insurance

Insurers Gain as Shifty, Weakened Irma May Not Be as Damaging as Feared

Insurance Journal - Mon, 09/11/2017 - 9:16am
Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks for local insurers around the world, posted their biggest gains …
Categories: Insurance

Los Angeles Agent Sentenced for Embezzling Over $100K

Insurance Journal - Mon, 09/11/2017 - 9:14am
Suren Hovhannisyan, a former insurance agent, has been sentenced in Los Angeles County Superior Court to 180 days in jail and five years of formal probation after pleading no contest to three felony counts of Grand Theft. Hovhannisyan was also …
Categories: Insurance

Is Maryland Ready for the Next Big Storm?

Insurance Journal - Mon, 09/11/2017 - 9:07am
In Maryland, which historically has ducked many of the worst storms of the last 50 years, the question is increasingly not if, but when the next big one will strike. And while some believe the state has often been spared …
Categories: Insurance

New York’s Brady Risk Management inaugurates New England Office

Insurance Business Review - Mon, 09/11/2017 - 8:58am
Brady Risk Management has opened Brady Risk New England Property/Casualty Managing General Insurance Agency with offices at 100 Commercial Street, Portland, Maine serving Preferred retail insurance agencies in Maine, New Hampshire, Vermont and Massachusetts.
Categories: Insurance

Dad Sues Pennsylvania Eatery After Kids’ Throats Burned by Chemical

Insurance Journal - Mon, 09/11/2017 - 8:42am
A Pennsylvania man has sued a Chinese buffet where he contends his two young children’s mouths and throats were burned by caustic lye in their apple juice cups. Star Buffet & Grill manager Steve Weng tells LNP he’s turned the …
Categories: Insurance

Allianz Specialty Names Vassallo to London Energy Team

Insurance Journal - Mon, 09/11/2017 - 8:35am
Allianz Global Corporate & Specialty SE (AGCS) has appointed Anthony Vassallo as senior underwriter leading downstream energy for the regional unit in London that includes the UK, Ireland, Dubai, Russia, the Nordic Region, Australia and New Zealand. He will be …
Categories: Insurance

New York’s Brady Risk Management Opens New England Office

Insurance Journal - Mon, 09/11/2017 - 8:34am
Brady Risk Management Inc., a Huntington, N.Y.-based financial risk management firm, has announced the opening of Brady Risk New England Property/Casualty Managing General Insurance Agency based in Portland, Maine. The new office will serve preferred retail insurance agencies in Maine, …
Categories: Insurance

Maryland’s B.F. Saul Insurance Hires Jones as President

Insurance Journal - Mon, 09/11/2017 - 8:11am
B.F. Saul Insurance, a Bethesda, Md.-based regional insurance brokerage and risk advisory firm, announced that Jason Jones has joined the firm as president. Jones will oversee an expansion of the company’s platform and mission in this role. Prior to joining …
Categories: Insurance

Insurers Rush to Find, Deploy Adjusters for Harvey, Irma Claims

Insurance Journal - Mon, 09/11/2017 - 8:02am
Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars’ worth of property damage in less than two weeks. Although insurers maintain some number …
Categories: Insurance

Allianz Could Be Considering Buying Shares in Abu Dhabi National Insurance

Insurance Journal - Mon, 09/11/2017 - 7:55am
State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. If the …
Categories: Insurance