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Storm Watch Ends For Hawaii Islands, But Hurricane Churns
Greg Colden, a farmer on Hawaii’s Big Island, said he is most worried about the damage that more rain and sustained winds could do to the area as Hurricane Ignacio passes by this week. “I’m more worried about the rain. …
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North Carolina Insurance Head Urges Lawmakers Not to Cut Driver’s Ed Funding
North Carolina Insurance Commissioner Wayne Goodwin has spoken out against a proposal by state lawmakers to eliminate funding for driver education through public high schools as a way to help close a deficit in the state budget. The proposal was …
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Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first UK mid-market offering with no renewal date that covers major …
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N.Y. Music Store Owners Charged With Burning Down Shop for Insurance Money
A married couple who owned a music store and pawn shop in New York’s capital region has been charged with burning it down for insurance money after an investigator examining the claim noticed signs of arson. Gary and Audrey Lane …
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Florida Nightclub Reaches $5M Settlement with Patron Attacked by Bouncer
Attorneys say a young man who was attacked by a bouncer at a South Beach nightclub has received a $5 million settlement. The lawyers representing 22-year-old Youness Adlan announced the settlement August 26. The Miami Herald reports that it is …
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Energi of Canada Launches P&C Program for Energy Construction
Energi of Canada has launched a new property & casualty program for energy construction. The new energy construction program offers risk management services and insurance coverage for contractors in the following segments: Water/sewer and excavation contractors Cable, TV, telephone, and …
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Plymouth Rock’s ‘Prime’ Combines Online Sales With Independent Agency Channel
Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — this month launched a new online tool called “Prime.” The insurer says the new tool will give consumers the ability to buy and manage auto …
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Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
Markel Corporation and CATCo Investment Management Ltd. announced they have entered into an agreement whereby Markel will acquire substantially all of the assets of CATCo, a Bermuda-based specialist in insurance linked securities.* The transaction is subject to customary closing conditions …
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Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York
Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk insurance, hired Lidore DeRose as senior underwriting counsel, representations …
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Uber Settles with Alaska over Unpaid Workers’ Comp
The ridesharing service Uber has agreed to pay Alaska more than $77,900 in connection to unpaid workers’ compensation insurance for its drivers. In the Aug. 25 settlement, the company admitted no wrongdoing, but agreed not to return to Alaska until …
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