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Allied World Enhances Professional Risk-Transfer Product
Allied World North America has introduced an enhanced professional risk-transfer organization (PRO) professional liability product. The product offers greater flexibility and a more responsive design, enabling clients to select and use only the coverages they need by choosing from an …
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Auto Claims Hit Allstate’s Q2 Results
Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer coped with rising auto claims costs. The Allstate brand suffered an underwriting loss for the quarter. The company stressed that …
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NYC Comptroller: Potholes Cost $138M in Settlements Over Last 6 Years
New York City should be quicker to repair potholes, which have cost taxpayers $138 million in settlements over the last six years, City Comptroller Scott Stringer said. Stringer released an analysis last week that showed that the Belt Parkway had …
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FEMA Disaster Aid to Arkansas Tops $2M
Federal officials say the government has provided more than $2 million in aid to help Arkansas recover from storms that hit in May and June. Tornadoes, high winds and flooding ravaged the state between May 7 and June 15. The …
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Court Decision May Impact Workers’ Comp Side Agreements in California
A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich American Insurance Co. and American Zurich Insurance …
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Lightning Blamed for Ohio Gas Station Fuel Tank Explosion
Investigators say lightning has sparked a fuel tank explosion that left a crater 40 feet wide at an Ohio gas station. The blast and fire in the evening on Aug. 3 prompted a temporary evacuation near the Gas Depot in …
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Hub International Announces 2 Appointments in Northeast
Hub International Limited announced that its subsidiary Hub New England hired Christopher Taylor as senior vice president and marketing executive for Specialty Lines. Taylor brings directors and officers liability (D&O) expertise to the territory where he will focus on specialty …
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Companies Must Report CEO-to-Worker Pay Ratio Under New SEC Rule
The U.S. Securities and Exchange Commission approved a rule Wednesday requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to groups protesting rising income inequality. The commission voted 3 …
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California Agency Becomes Consolidated Agency Partners’ 200th Member
Greg O’Brien Insurance Services in Santa Barbara, Calif. has become Consolidated Agency Partners Inc.’s 200th agency member. Reno, Nev.-based CAP offers a range of commercial and personal carrier products. CAP has offices in Nevada, California and Michigan.
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Michigan’s J.M. Wilson Adds White, Nichols as Underwriters
Portage, Mich.-based insurance wholesaler, J.M. Wilson, has added two new property/casualty underwriters: Blayne White and Robbin Nichols. Both White and Nichols will quote new and renewal commercial property/casualty risks and serve independent insurance agents in Michigan. White graduated from Olivet …
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