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23
11, 2015
Texas Sees Continued Increase in Vehicle Crashes, Fatalities
For the fourth year in a row, the numbers of vehicle crashes in Texas involving both injuries and fatalities have risen, an insurance trade group reported. Both numbers began rising dramatically in 2012, when Texas highway speed limits were raised, …
23
11, 2015
Audit Finds Wisconsin Insurance Fund Ends FY2015 $6M in Red
The Wisconsin state fund that insures local governments’ property finished the last fiscal year nearly $6 million in the red, according to a report released on Nov. 20. The review from the Legislative Audit Bureau found the fund’s financial position …
23
11, 2015
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
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
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
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
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
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
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
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 …