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Updated: 18 hours 4 min ago

MGA Agora Receives ‘in Principle’ Approval to Set Up Lloyd’s Syndicate

Fri, 09/22/2017 - 05:51
Asta, the leading third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Agora Syndicate 3268. In 2015, Asta and leading marine insurance provider Skuld announced the launch of …

Drugs in Workplace a Danger to Workers and Drag on Productivity

Fri, 09/22/2017 - 01:00
At Philip Tulkoff’s food-processing plant in Baltimore, machines grind tough horseradish roots into puree. “If you put your arm in the wrong place,” the owner says, “and you’re not paying attention, it’s going to pull you in.” It’s not a …

Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art

Fri, 09/22/2017 - 01:00
Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance experience developing product, distribution and …

Judge Dismisses Challenge to Kentucky Medical Marijuana Ban

Fri, 09/22/2017 - 00:41
Kentucky’s ban on medical marijuana has survived an initial test in court, with a judge ruling Wednesday that the state has a good reason to “curtail citizens’ possession of a narcotic, hallucinogenic drug.” Twenty-nine other states have legalized marijuana in …

Florida Suspends License of Nursing Home After 9th Patient Dies

Fri, 09/22/2017 - 00:20
Florida officials have suspended the license of a nursing home that had nine patients die after Hurricane Irma knocked out its air conditioning. The Agency for Health Care Administration said Wednesday that it suspended the license of the Rehabilitation Center …

Power Restored For All But 75K Florida Residents, But Utilities Face Criticism

Fri, 09/22/2017 - 00:15
After a massive restoration effort, most of Florida has power 10 days after Hurricane Irma knocked out electricity to nearly two-thirds of the state, mostly because of improvements made to the power grid since Hurricane Wilma 12 years ago. But …

Berkley FinSecure Taps Mynatt as Southeast Territory Director

Fri, 09/22/2017 - 00:10
Berkley FinSecure, a Berkley Company, has added Stephen Scott Mynatt as Southeast territory director. In his role, Mynatt will focus on promoting Berkley FinSecure to financial institutions through agents and brokers in the territory that will include Georgia, Florida, North …

Insurance Industry Tallies Irma’s Mounting Losses in Florida

Fri, 09/22/2017 - 00:05
With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic. Residential property flood loss is estimated …

Woodruff-Sawyer Names Kyle Vice President in Oregon

Thu, 09/21/2017 - 14:12
Woodruff-Sawyer & Co. has named Brandi Kyle vice president in employee benefits in the firm’s Portland, Ore. office. Kyle has 15 years of insurance experience. She was previously with Wells Fargo Insurance as an employee benefits consultant. She was a …

Employer Leadership in Disaster Recovery and the Power of Return-to-Work

Thu, 09/21/2017 - 14:00
Businesses and their leaders have a unique role to play in helping communities and individuals recover from the devastation of a storm like Hurricane Harvey, and they should not underestimate the power of getting employees back to work and re-establishing …

Texans Helping Texans: Independent MGAs Join Forces for Targeted Harvey Relief

Thu, 09/21/2017 - 12:30
A group of independently owned Texas managing general agents (MGAs) have come together to provide targeted, direct, local relief to communities affected by Hurricane Harvey. Texas MGAs for Disaster Relief is working with local officials and emergency coordinators to identify …

A.M. Best Upgrades Credit Rating for Columbia Lloyds Companies

Thu, 09/21/2017 - 12:22
A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Columbia Lloyds Insurance Co. and MDOW Insurance Co., which are collectively referred to as …

Michigan’s Auto-Owners Insurance Named PIA National’s Company of the Year

Thu, 09/21/2017 - 12:20
The National Association of Professional Insurance Agents (PIA) has named Lansing, Mich.-based Auto-Owners Insurance Co. as recipient of its 2017 Company Award of Excellence. “Auto-Owners is highly deserving of this, our association’s highest company honor,” said PIA National President Gary …

Minnesota City Settles Police Bias Case for $1M

Thu, 09/21/2017 - 12:07
The city of Rochester, Minnesota, will pay a police officer $1 million to settle a discrimination and retaliation claim. Lt. Elisa Umpierre filed the claim saying she was suspended for comments she made on Facebook in support of protesters at …

Air Monitoring Company Joins Texas Chemical Plant Negligence Lawsuit

Thu, 09/21/2017 - 11:55
Air monitoring company Bureau Veritas SA has been added to a negligence suit alleging first responders inhaled dangerous fumes during a fire at a chemical plant, lawyers for Texas police and emergency workers said. The suit, filed in Harris County …

Company to Settle Missouri Butter Flavoring Case for $5M

Thu, 09/21/2017 - 11:51
A company has agreed to pay $5 million to settle claims that its butter flavoring chemicals harmed the lungs of a worker who handled the product at a Missouri plant. The St. Joseph News-Press reports that Carmi Flavor and Fragrance …

SEC Discloses It Was Hacked, Now Fears Hackers Used Data for Illicit Trading

Thu, 09/21/2017 - 11:34
Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the Securities and Exchange Commission …

Oregon’s Cellphone And Distracted Driving Law Brings Bigger Fines, Jail

Thu, 09/21/2017 - 10:37
Oregon drivers soon can be pulled over for not only texting and talking on their cellphones, but also for navigating, using social media and any other “hands-on” cellphone and electronics use. The changes, which begin Oct. 1, call for repeat …

Fire That Threatened 100 Homes in Nevada Began at Construction Site

Thu, 09/21/2017 - 10:35
Fire investigators say a blaze on the west edge of Reno, Nev. that threatened as many as 100 homes and destroyed two construction trailers started at a home construction site. Truckee Meadows Fire Chief Charlie Moore says the specific cause …

Complaint from Whistleblower Targets California Utility Regulator

Thu, 09/21/2017 - 10:33
The former chief administrative law judge at California’s powerful utility regulator said this week she was fired for cooperating with investigators looking into collusion between regulators and executives from Pacific Gas & Electric. Karen Valentia Clopton announced that she’s filing …

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