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Father and Son: Timing Is Critical in Internal Agency Perpetuation
Timing is everything. That statement could apply to many things in life but when comes to transferring insurance agency ownership from one family member to another the timeframe is critical, according to a father and son who have executed a …
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Willis Completes Acquisition of Taiwan’s Elite Risk Services
Willis Group Holdings plc has announced the completion of its acquisition of Elite Risk Services Limited of Taiwan. Willis said the deal is a ”significant boost” to its market presence in Taiwan, as it “almost doubles the size of its …
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Alliant Hires VanOrsdel as Employee Benefits Group VP in Maryland
Alliant Insurance Services, a specialty insurance brokerage based in Newport Beach, California, hired Reed VanOrsdel as vice president of Employee Benefits Group. VanOrsdel is based in Alliant’s Bethesda, Maryland, office. VanOrsdel will focus on business development, revenue growth, and plan …
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Plane-Drone Encounters to Top 1,000 This Year: FAA
Pilot encounters with drones are on pace to at least quadruple to more than 1,000 this year, highlighting a growing threat to U.S. aviation by unmanned aircraft. There were 650 cases reported to the Federal Aviation Administration through Aug. 9 …
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Ohio Company Faces $235K in Fines for Health Violations
A North Lima, Ohio-based ambulance company faces penalties totaling $235,800 for 14 alleged workplace health and safety violations, according to federal safety officials. The U.S. Department of Labor Occupational Safety and Health Administration said an investigation found that Lifefleet LLC …
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Nebraska Tort Cap May Be Tested by $17M Jury Award
In a case that could test Nebraska’s strict cap on medical malpractice awards, a federal jury has awarded the family of a 2-year-old girl a whopping $17 million, finding that subpar care at Bellevue Medical Center caused her severe disability. Nebraska tort …
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NCCI Files for Workers’ Comp Rate Increase in Iowa
The National Council on Compensation Insurance Inc. has filed a workers’ compensation rate proposal in Iowa that would increase voluntary and assigned risk rates by 2.7 percent from the current rates that became effective Jan. 1, 2015, the state insurance …
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NCCI Seeks Worker’s Comp Loss Costs, Rates Decrease in New Hampshire
The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said in its July 31 filing that based upon its review of the most recently available data, …
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UPDATE: 112 Dead in China Blast; Access Blocked over Contamination Fears
Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. Hundreds of people were injured and 85 firefighters and …
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XL to Acquire Entertainment Insurers Allied Specialty, T.H.E Co.
Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S. Allied is a leading …
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