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6
10, 2015
$43M in Fire Prevention Fees Goes Unspent in California
A state fire prevention account has ended recent fiscal years with tens of millions of dollars unspent despite bone-dry conditions across much of California’s wildland area. The state ended the fiscal year in June with an estimated $43 million in …
6
10, 2015
QBE, Jorgensen & Company to Offer Accountants Professional Liability Coverage
QBE North America and Jorgensen & Company, a specialist professional liability managing general underwriter, have formed an underwriting agreement to provide accountants and consultants professional liability insurance (APL). According to Don Allard, SVP, Specialty Programs at QBE, the addition to …
7
10, 2015
Florida Man Arrested for Stealing $100K in Insurance Claims from Sandy Victim
The Florida Division of Insurance Fraud announced the arrest of Naples, Fla., man Daniel T. Phelps, 56, for allegedly stealing two insurance claim payments totaling more than $96,000 from an elderly New Jersey business owner. George Capuzzi filed an initial …
5
10, 2015
South Carolina Insurance Director: Insurers Ready for Claims from ‘Devastating’ Storm
The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …
9
10, 2015
Tennessee Dissolves Residual Workers’ Comp Reinsurance Plan
The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual workers compensation administrator, according to a bulletin from Tennessee Insurance …
5
10, 2015
Hub International Creates Specialty Program Subsidiary; Hires Treanor to Run
Insurance broker Hub International Limited (HUB) said it has established a wholly owned subsidiary – Specialty Program Group – to grow its program underwriting and specialty business. Chris Treanor has joined the company as president of programs and specialty products …
8
10, 2015
DuPont Found Liable in West Virginia Toxic Water Lawsuit
DuPont Co. was found liable for a woman’s kidney cancer in the first of 3,500 lawsuits over a toxic Teflon ingredient found in Ohio and West Virginia water, but spinoff Chemours Co. will have to bear any costs from the …
5
10, 2015
JLT Specialty Names O’Sullivan Senior Vice President in California
JLT Specialty USA has named Charity O’Sullivan senior vice president in its Los Angeles, Calif. office. O’Sullivan’s primary focus will be on client development and leading JLT teams. O’Sullivan has more than 18 years of experience in the insurance industry. …
6
10, 2015
California Governor Signs Beer Bikes Bill into Law
Gov. Jerry Brown has signed a bill allowing beer bikes to operate on city streets. The governor’s office tweeted a photo of Brown signing the bill on a beer bike in Sacramento Sunday with his wife, Anne Gust Brown, and …
5
10, 2015
2 Kansas Counties Record 11 Quakes in a Week
Geologists are reporting a spate of earthquakes in south-central Kansas. The Hutchinson News reports that in the past week, there have been 11 quakes within the neighboring Kansas counties of Sumner and Harper. U.S. Geological Survey data shows the most …