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TDI Posts Summary of Bills Affecting Property/Casualty Insurers
The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept. 1: House Bills HB 1733 Auto Liability …
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Trinity Says Virginia Orders More Tests for Highway Guardrails
Trinity Industries Inc.’s guardrail system will undergo additional crash testing by Virginia, raising new questions about a device on roadways across the country. Some of Virginia’s six proposed tests on the ET-Plus, scheduled to begin in mid-September, will be different …
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California Man Hurt in Trolley Station Fall Gets $21.5M Insurance Settlement
An Imperial Beach, Calif. man who was injured when he tripped and fell on trolley tracks is receiving a $21.5 million insurance settlement. The San Diego Union-Tribune reported that 57-year-old David Long was injured in May 2013 when he stepped …
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Nationwide Insurance to Raise Its Minimum Wage to $15
Columbus, Ohio-based Nationwide Insurance said it will raise its minimum pay rate to $15 per hour over the next nine months. The change affects approximately 900 current employees across 25 locations for jobs in call centers, field and staff office …
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Conn. Troopers Issued 1,930 Speeding Tickets During Labor Day Weekend
The Connecticut troopers have issued 1,930 speeding tickets during the 2015 Labor Day weekend, the Connecticut State Police announced. The troopers patrolled the highways and roads in Connecticut over the Labor Day weekend. During this enforcement operation, troopers utilized both …
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El Nino in Pacific Strongest Since Record Event in 1997-1998
The El Nino that’s changing weather across the globe is now the strongest since the record event almost two decades ago. Sea temperature anomalies in the central Pacific Ocean are now at their highest since 1997–98, Australia’s Bureau of Meteorology said in …
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Arthur J. Gallagher Acquires Missouri Program Administrator
International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 1987, National Administration Co. (NAC) is a national …
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Asta Managing Agency Launches Everest Syndicate 2786
Asta Managing Agency Ltd. and Everest Re Group Ltd. announced the Lloyd’s Franchise Board has granted “in principle” approval to establish and manage a new dedicated corporate syndicate backed by Everest Re, with initial gross premium of £102 million ($151 …
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Woodford Investment Mgmt Cashes in Amlin Stake After Record Takeover Offer
Neil Woodford cashed in his entire 107.5 million-pound ($166 million) stake in Amlin Plc after Tuesday’s takeover offer by a Japanese competitor sent the Lloyd’s of London insurer’s shares to a record high. The fund manager sold 16.4 million Amlin …
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Washington Judge Sets Limits in Civil Case over Deadly Oso Mudslide
A King County Superior Court judge is considering which claims can be brought in a civil trial that will explore whether anyone should be held responsible for the deadly Oso, Wash. mudslide. The Daily Herald reported that Judge Roger Rogoff …
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