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York Challenges Louisiana’s Award of Insurance Program Contract
A company passed over by the Jindal administration to run Louisiana’s self-insurance program claims it suffered bias in its losing bid. The Advocate reports that York Risk Services Group is challenging the award of the $80 million, three-year contract to …
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Report: Connecticut City’s Insurer Paid $30K to Settle Ebola Fear Lawsuit
The insurance carrier for a Connecticut city paid $30,000 to settle a lawsuit filed by the family of a third-grader who was barred from school for several days because of Ebola fears. School officials in Milford, Connecticut, initially told 7-year-old …
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A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II
Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted capitalization, according to a new report …
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Kansas High Court: Insurer Must Cover Student Injured in Crash
The Kansas Supreme Court has ruled that an insurance company should cover a student who was in a private vehicle when he was injured in a crash on the way to a soccer match. The ruling stems from a 2006 …
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Brown & Brown Acquires Assets of Strategic Benefit Advisors in Massachusetts
Brown & Brown Inc. announced today that its subsidiary Brown & Brown of Massachusetts LLC has acquired certain assets of Strategic Benefit Advisors Inc., a health and welfare benefit advisory and brokerage firm in Southborough, Massachusetts. Terms of the transaction …
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Blue Bell Says Listeria Source Likely Found at Oklahoma Plant
Blue Bell Creameries says it has likely identified the source of listeria contamination at its Oklahoma plant, but it may not be able to pinpoint a single source for the problem at its Texas plant. The Texas-based company gave the …
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AXIS Share Price Climbs on Speculation It Is Potential Takeover Target
AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over by another company. EXOR SpA, the …
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Nevada Regulators Want to Fast-track Drafting of Uber rules
Nevada transportation regulators say they’ll seek to fast-track regulations for ridesharing companies such as Uber and Lyft. Members of the Nevada Transportation Authority voted 2-1 on Thursday to petition Gov. Brian Sandoval for emergency status. Agency spokeswoman Teri Williams said Sandoval’s …
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Committee Approves Oregon Marijuana Bill
After weeks of stalemate, a state legislative committee has advanced a bill setting up Oregon’s legal marijuana system. The approval of the joint House-Senate committee on Monday sends the bill to the full House, which can take it up as …
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Lutrell Named Chairman of Combined Agents of America
Austin, Texas-based Combined Agents of America LLC (CAA) elected Roger Lutrell, president of Benton Luttrell Co. in Van Alstyne, Texas, as its chairman for 2015/16 Other members of the newly elected 2015-16 CAA management committee include: Executive Vice President Trent Richmond, …
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