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8
10, 2015
Ironshore Launches Project-Specific Endorsements for Construction Segment
Ironshore Specialty Casualty’s Construction unit has introduced endorsements for construction projects tailored to meet the liability needs of sophisticated market participants. Ironshore’s new endorsements are available for wrap (OCIP and CCIP), project specific and owner’s interest developments, providing coverage options …
5
10, 2015
NAMIC Legislators of the Year from Indiana, Missouri
Missouri Rep. Don Gosen and Indiana Rep. Matt Lehman were named Legislators of the Year for the 2015 legislative session by the National Association of Mutual Insurance Companies. o. Gosen is chairman of the Missouri House Select Committee on Insurance, …
7
10, 2015
Oklahoma to Spend $100M to Improve 300 Railroad Crossings
The Oklahoma Department of Transportation is planning to spend $100 million improving 300 railroad crossings over the next three years throughout the state, The Oklahoma Transportation Commission is expected to consider awarding up to 10 of those railroad crossing projects …
5
10, 2015
Markel International Names Hope as Senior Underwriter, Head of Mgmt. Liability
Markel International, the specialist insurer, has appointed Antony Hope as senior underwriter and head of the management liability account in its professional and financial risks division (PFR). Reporting to divisional managing director, James Hastings, Hope will manage and underwrite the …
6
10, 2015
Connecticut High Court Reinforces Protections for Private Sector Whistleblowers
Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a case brought by a former UBS AG real estate executive. By a 7-0 vote, the Connecticut …
5
10, 2015
Texas Sets Work Comp Discount, Interest Rate at 3.96%
The Texas Department of Insurance, Division of Workers’ Compensation has set the workers’ comp interest/discount rate for the fourth quarter of 2015 at 3.96 percent. This rate is computed by using the treasury constant maturity rate for one-year treasury bills …
7
10, 2015
A.M. Best Turns Outlook to Negative for Greenpath in California
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova, Calif. Greenpath provides non-standard auto insurance throughout …
5
10, 2015
A.M. Best: UK Non-Life Insurers’ Earnings Remain Under Pressure
Market conditions for UK non-life insurers are challenging as pricing remains weak across most business lines amid fierce competition, according to a new A.M. Best special report. Titled “UK Non-Life Earnings Under Pressure, In Spite of Legal Reforms,” the report said, first-half …
8
10, 2015
California Wildfire Claims Top $1B as Peak Season Begins: Report
A report forecasts claims from two California wildfires last month will exceed $1 billion. Wildfires in 2015 have caused more damage and financial loss in the U.S. than in any other year since 2007, according to the report. Peak U.S. …
5
10, 2015
Texas Department of Insurance Actuary Wins National Award
Mike Boerner, director of the actuarial office for the Texas Department of Insurance (TDI), is the 2015 recipient of the Robert J. Myers Public Service Award from the American Academy of Actuaries. The award will be presented at the Academy’s …