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16
10, 2015
Insurance Industry, IICF Raise $70K-Plus for Central Texas Flood Victims
Central Texas may currently be under drought conditions and suffering from elevated wildfire risk but merely months ago the situation was just the opposite. In May, the Austin and Central Texas areas were deluged with flooding from a widespread storm …
15
10, 2015
Climate Change Means Wildfire Seasons Like This One May Continue
The drought-plagued Western U.S. has had more than its share of fires this year – but this may not be the last year we see all these wildfires gone wild. A Yale University professor looking back over the last 3,000 …
16
10, 2015
Lloyd’s Report Aims to Reduce Dangerous Liability Risk Accumulation
Lloyd’s has issued a new report, addressing the “accumulations of liability risk,” which indicates that they “have the potential to send shockwaves through the insurance industry and are one of the most complex exposure management challenges faced by insurers.” The …
15
10, 2015
Kansas Pharmaceutical Plant to Pay $400K to Settle Discrimination Case
A central Kansas pharmaceutical plant accused of gender discrimination must pay about $400,000 in back wages and hire more women, according to a federal settlement. The U.S. Department of Labor said in a release that the Hospira Inc. plant in …
16
10, 2015
New Mexico Immigrant Driver’s License Repeal Won’t Pass, Says Legislator
Senate Majority Leader Michael Sanchez says any GOP-sponsored bill aimed at repealing New Mexico’s immigrant driver’s license law won’t make it to the Senate floor next session. Again. One of state’s most powerful Democratic legislators told The Associated Press this …
15
10, 2015
Lawyers for Female Farmers Attorney Say Class Action Could Involve ‘Hundreds’
An attorney representing a woman suing Farmers Insurance for discriminatory practices was set to file a motion on Thursday seeking class action status in a suit she says could potentially encompass 300 female attorneys. The attorney also added five new …
16
10, 2015
10 Oil & Gas Bosses Seek to Improve Image Before Climate Change Summit
Oil and gas industry bosses called for an “effective” agreement at the United Nations climate change summit in December, recognizing that current greenhouse gas emissions were inconsistent with the goal of limiting global warming. The leaders of 10 companies said on …
15
10, 2015
Bentley, Holmes Join MarketScout Private Client Solutions Division
MarketScout, a national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that Noel Bentley and Ernie Holmes have joined its Private Client Solutions division. Holmes, a 25-year veteran of the insurance industry will serve as senior vice president …
16
10, 2015
AIG Makes Leadership Changes at Commercial Insurance
American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents of Credit Lines and Portfolio Solutions. Madhu Tadikonda, who had served …
15
10, 2015
Proposal for Higher Texas Windstorm Policy Liability Limits Denied
Texas Insurance Commissioner David Mattax has denied a request by the Texas Windstorm Insurance Association (TWIA) to increase limits of liability for residential and commercial properties it insures along the Texas coast. TWIA is the insurer of last resort for …