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INSURANCE INDUSTRY NEWS
Courtesy of The Insurance Journal

Latest Top (25) News


Marijuana Sales to Be Legal in Canada Starting in October: Trudeau
Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which have rallied in anticipation of legalization, extended …

Thu, 21 Jun 2018 13:37:34 +0000


Connecticut’s Paragon Insurance Holdings Hires Fuller
Paragon Insurance Holdings LLC, a national, multi-line specialty managing general agency (MGA) based in Avon, Conn., has hired Tonya Fuller as vice president of its Winery and Brewery division. Additionally, Ashley Forslund has become a member of the Paragon team …

Thu, 21 Jun 2018 13:34:01 +0000


Alliant Employee Benefits Hires Kristofak in Virginia
Alliant Employee Benefits has hired Bob Kristofak. Kristofak is from the Richmond, Va.-area and will serve as Alliant Employee Benefits’ new senior vice president, working with a portfolio of clients to provide strategic employee benefits that reduce spending, increase performance …

Thu, 21 Jun 2018 13:21:54 +0000


Railroads, Airlines Seek to Bypass States’ Paid Sick Leave Laws
Fed up with state and local laws that require private employers to offer paid sick days, the airlines and railroads have filed suit, claiming that the interstate nature of their businesses should make them exempt. Airlines for America, a trade …

Thu, 21 Jun 2018 13:21:50 +0000


Exxon Still Isn’t Complying With Climate Subpoenas, New York Says
Exxon Mobil Corp. is refusing to turn over documents crucial to New York’s investigation into whether the oil giant’s public statements about climate change misled investors, the state’s top lawyer said. Exxon hasn’t complied with subpoenas for cash-flow projections reflecting …

Thu, 21 Jun 2018 13:18:36 +0000


Guggenheim Exploring Deal with Munich Re’s Asset Management Unit
Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter. Guggenheim Partners Investment Management has been in talks with global insurers, sovereign wealth funds …

Thu, 21 Jun 2018 13:12:53 +0000


EU Parliament Panel Backs Stricter Copyright Rules Opposed by Tech Leaders
Google, Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. The copyright rules, proposed by the European Commission two years …

Thu, 21 Jun 2018 12:14:10 +0000


Lewis Succeeds West as Leader of Chubb’s Mid-Market Commercial Lines; Rockwell Named Chief Underwriter
Chubb has appointed Paul Lewis North America Commercial Insurance Industry practice leader for its North American mid-market segment. He will be responsible for leading Chubb’s Commercial Insurance Industry practices in the United States and Canada, and will have oversight of …

Thu, 21 Jun 2018 12:00:47 +0000


Chilton to Return to Capsicum Re Later in This Year After Leaving Gallagher Role
Capsicum Re, the London-based specialist reinsurance broker, announced that Grahame “Chily” Chilton will rejoin the business later this year. Chilton will work alongside CEO Rupert Swallow to drive global business development and help shape the strategic direction of the company …

Thu, 21 Jun 2018 10:35:08 +0000


With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief …

Thu, 21 Jun 2018 09:57:55 +0000


Hamilton Underwriting Taps Chubb’s Lee-Amies as Head of Treaty at Syndicate 3334
Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Neil Lee-Amies has joined the agency as head of Treaty. Lee-Amies reports to Active Underwriter Miles Osorio. Osorio and Adrian Daws …

Thu, 21 Jun 2018 09:40:45 +0000


Harvard’s Gawande Chosen to Lead Berkshire-Amazon-JPMorgan Health Initiative
Atul Gawande, a surgeon and journalist who has written extensively about the U.S. failure to grapple with rising healthcare spending, has been named to head a new health venture for Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. …

Thu, 21 Jun 2018 05:00:58 +0000


Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases
Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision to defer action on the 2019 proposed rates came …

Thu, 21 Jun 2018 04:56:57 +0000


PAK Programs Launches Insurance for Meaderies
PAK Programs, specialty insurer of alcoholic beverage manufacturers and distributors, has introduced a program designed for mead producers, Meadery PAK. The program is underwritten by Great American Insurance Coy. Larry Chasin, president of PAK Programs Mead, said meaderies, which are …

Thu, 21 Jun 2018 04:54:32 +0000


Furlong Joins AmWINS Brokerage of Georgia
AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta. Prior to joining AmWINS, Furlong spent several years as a casualty producer at All Risks, Ltd. Before …

Thu, 21 Jun 2018 04:08:20 +0000


Cause of Fire at Family Dollar Store in Georgia Under Investigation
Multiple people have been taken to a hospital after a fire broke out at a Family Dollar in Georgia. The Atlanta Journal-Constitution reports the fire happened at a Family Dollar in Dekalb County on Monday morning. Four people inside the …

Thu, 21 Jun 2018 04:05:39 +0000


Zenefits in California Names Vaughn as Senior Vice President of Business Operations
San Francisco, Calif.-based Zenefits has named Issac Vaughn to its executive team as senior vice president of business operations. He reports to Jay Fulcher, chairman and CEO. Vaughn will work with the Zenefits’ customer experience, benefits solutions, business development, legal …

Wed, 20 Jun 2018 22:54:34 +0000


PEMCO in Washington Adds Farmer, Jameson
PEMCO Insurance has named Noel Farmer to the company’s infrastructure and operations team, where he’ll lead and manage PEMCO’s internal technical support group. PEMCO has also named Rebecca Jameson a product manager for its auto line of business. Farmer’s primary …

Wed, 20 Jun 2018 17:47:33 +0000


Illnesses at Houston Workplace Blamed on Carbon Monoxide
About two dozen people have been treated for apparent carbon monoxide poisoning at a Houston food distribution center. Firefighters were summoned to the center along the city’s Produce Row after workers reported experiencing nausea, headache and dizziness. Authorities say they …

Wed, 20 Jun 2018 16:41:40 +0000


State Farm to Cut Auto Insurance Rates in Missouri
State Farm Mutual Automobile Insurance Co. plans to lower auto insurance rates rates in Missouri by 3 percent overall. The company said the total statewide savings for all State Farm customers affected by this rate decrease in Missouri will be …

Wed, 20 Jun 2018 16:32:41 +0000


Buffett’s Geico to Open Service Center in Lenexa, Kansas, Create 500 Jobs
Business icon Warren Buffett plans to open a new Geico Insurance service center that will bring 500 jobs to Lenexa, Kansas. The Kansas City Area Development Council said in a news release that the center will open in August and …

Wed, 20 Jun 2018 16:30:38 +0000


Texas Attorney Charged with Workers’ Compensation Fraud
Workers’ compensation insurer, Texas Mutual Insurance Co. reported that a Travis County grand jury has indicted attorney Leslie Casaubon of Lewisville, Texas, on three counts of workers’ compensation fraud-related charges The indictment alleges that, from 2010 to 2014, Casaubon billed …

Wed, 20 Jun 2018 16:19:45 +0000


Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas
Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss Ratings has identified seven weak insurance companies …

Wed, 20 Jun 2018 16:16:00 +0000


At Least One Dead in Widespread Flooding in Midwest
Widespread flooding in the Upper Midwest was blamed for at least one death in Wisconsin, while disaster declarations were issued Monday in northern Michigan after flash-flooding washed out roads, damaged businesses and caused dozens of sinkholes. The body of a …

Wed, 20 Jun 2018 16:04:06 +0000


Amwins’ Davies Tapped to Lead New Property Underwriting Facility for Ryan Specialty Group
Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO of a new, yet-to-be-named property catastrophe managing underwriting facility that will be exclusive to RT Specialty. Company spokesperson Alice Topping said the facility is in its …

Wed, 20 Jun 2018 16:00:36 +0000


For more news, visit The Insurance Journal online.