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23 11, 2015

Louisiana Company Cited by OSHA After Trench Collapse Fatality

By | November 23rd, 2015|Recent Articles|Comments Off on Louisiana Company Cited by OSHA After Trench Collapse Fatality

The federal Occupational Safety and Health Administration (OSHA) cited a Baton Rouge, La., company with violations after a trench collapse killed a worker. The federal agency cited Ted Hebert LLC for one “willful violation” and five serious violations and said …

23 11, 2015

3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI

By | November 23rd, 2015|Recent Articles|Comments Off on 3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI

The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions involving fraud. The punishments were the result of months of work by TDCI’s …

23 11, 2015

China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore

By | November 23rd, 2015|Recent Articles|Comments Off on China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore

Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities in the United States, the United Kingdom and other …

23 11, 2015

Blankenship Case in Limbo in West Virginia as Jurors Struggle to Reach Verdict

By | November 23rd, 2015|Recent Articles|Comments Off on Blankenship Case in Limbo in West Virginia as Jurors Struggle to Reach Verdict

After a third full day of deliberations, a jury recessed Friday without reaching a verdict in the criminal trial of ex-Massey Energy CEO Don Blankenship. Jurors had been trying since Tuesday, Nov. 17, to reach a decision. Blankenship is charged …

23 11, 2015

Florida to Put Fences Around Train Tracks After Fatal Crashes

By | November 23rd, 2015|Recent Articles|Comments Off on Florida to Put Fences Around Train Tracks After Fatal Crashes

The Florida Department of Transportation says it is planning to install fences around train tracks to avoid more fatal crashes. The Orlando Sentinel reports about $300,000 will go toward the fencing project that will install 6-foot chain-link fences. Steve Olson, …

23 11, 2015

Brown & Brown Acquires Assets of Florida-Based Bentrust Insurance Group

By | November 23rd, 2015|Recent Articles|Comments Off on Brown & Brown Acquires Assets of Florida-Based Bentrust Insurance Group

Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of BenTrust, which includes Bentrust Financial, Inc. d/b/a Bentrust Insurance Group; Bentrust AIB, LLC, and Florida MGA, LLC d/b/a Delta Dental MGA, according …

22 11, 2015

South Carolina’s Agricultural Flood Loss Estimate Reaches $587M

By | November 22nd, 2015|Recent Articles|Comments Off on South Carolina’s Agricultural Flood Loss Estimate Reaches $587M

South Carolina’s estimated agricultural losses from last month’s floods have doubled and farmers statewide are hurting, officials said. State Agriculture Commissioner Hugh Weathers initially estimated losses at $300 million, multiple news media outlets reported. Officials with his agency, however, told …

20 11, 2015

Orchid Underwriters to Acquire Platinum Partners in Massachusetts

By | November 20th, 2015|Recent Articles|Comments Off on Orchid Underwriters to Acquire Platinum Partners in Massachusetts

Orchid Underwriters, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, has signed a definitive agreement to acquire Platinum Partners, a Peabody, Massachusetts-based wholesale brokerage focused on the high net worth personal lines …

22 11, 2015

U.S. to Pursue Covered Agreement with EU for Re/Insurers

By | November 22nd, 2015|Recent Articles|Comments Off on U.S. to Pursue Covered Agreement with EU for Re/Insurers

The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based insurers and reinsurers.” Insurers and regulators …

20 11, 2015

Northern Oklahoma Rattled by Magnitude 4.7 Quake

By | November 20th, 2015|Recent Articles|Comments Off on Northern Oklahoma Rattled by Magnitude 4.7 Quake

A magnitude 4.7 earthquake rattled northern Oklahoma and southern Kansas early on Nov. 19. It was the second quake over 4.0 magnitude to strike the northern part of the state in less than a week. Two smaller quakes struck the …