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11
10, 2015
Missouri Religious Order to Pay $300K in Abuse Settlement
A Roman Catholic religious order has agreed to pay $300,000 to a former student at a suburban St. Louis, Mo., high school to settle claims that a teacher at the school sexually abused him. The settlement was announced on Oct. …
8
10, 2015
Boston-Based Online Agency Goji Hires Basak as President
Goji, a Boston-based independent online insurance agency with a focus on auto insurance, hired Amit Basak as president. Basak will work with Goji Chief Executive Officer Steve Kezirian and will directly oversee the product, marketing, finance and analytics functions at …
9
10, 2015
Another Report Shows California Workers’ Comp Reforms Working
A new study on worker’s compensation across 17 states shows that reforms sometimes work – and such is the case of sweeping reforms made in California, the report shows. The Workers Compensation Research Institute, an independent, not-for-profit research organization based …
11
10, 2015
Dallas-Based Risk Theory Names Tschippert Senior VP
Risk Theory LLC, a distribution and program management firm for property/casualty insurance headquartered in Dallas, has added Bob Tschippert as senior vice president of Dealer Services. Tschippert has over 31 years of experience managing sales, claims and underwriting units specializing in …
7
10, 2015
IRB Brasil Postpones IPO Amid Stock Market Turmoil: Reuters
IRB Brasil RE, the country’s biggest reinsurer, postponed its initial public offering amid market turmoil, Reuters reported, citing unidentified people with knowledge of the matter. Investment banks managing the sale found it unfeasible to proceed, Reuters said. The government expected to …
8
10, 2015
N.Y. to Spend $20M on Affordable Housing in Communities Hit by Sandy
New York state is setting aside $20 million to build affordable housing units in communities that were damaged by Superstorm Sandy and other severe weather systems in recent years. New York Gov. Andrew Cuomo’s office announced the funds Sept. 30. …
9
10, 2015
Michigan Drivers May Soon Show Proof of Insurance on Phone
Michigan drivers pulled over by the police will be able to show proof of their auto insurance on a phone or another mobile device instead of having to provide a hard copy under legislation signed by Gov. Rick Snyder. The …
7
10, 2015
UK Insurers & Banks Need to Appoint Whistleblower ’Champion’ in UK Rules
UK banks and insurers must appoint a senior manager to “champion” internal whistleblowers as regulators attempt to protect tipsters who come forward with evidence of illegal conduct. The U.K. Financial Conduct Authority and Prudential Regulation Authority published the rules Tuesday, …
9
10, 2015
Arkansas’ Health Plan Should Move People Upward, Consultants Say
Consultants hired by Arkansas legislators to review the state’s “private option” Medicaid plan have recommended that the program continue but suggested changes that would move participants into jobs and ensure they are leading healthy lives. Under its own approach to …
8
10, 2015
PIA National Installs Officers Hansen, Blackwell, Russell, Savino
The Professional Insurance Agents (PIA) National installed new officers during the group’s board of directors meeting last month in New Orleans. Each of the officers will serve one-year terms from October 1, 2015, through September 30, 2016. Robert W. Hansen …