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12, 2015
Rockhill Insurance Realigns Underwriting Management Team
Rockhill Insurance Group, based in Kansas City, Mo., announced it has realigned its organizational underwriting structure to better serve wholesale brokers. Chief Operating Officer Doug Goode now presides over three main product teams led by the following regional presidents: Mike Towell, regional …
8
12, 2015
Illinois DOT: Back-Seat Passengers more Likely Unbuckled
Illinois law has required back-seat passengers to wear seat belts since 2012. An Illinois Department of Transportation survey shows nearly 85 percent of the state’s back-seat passengers are buckling up, an increase of 7 percentage points since 2013. But it’s …
8
12, 2015
Texas State Fire Marshal Report: Fire Occurred Every 7 Minutes in 2014
In 2014, 957 fire departments in Texas reported 72,124 fires, with a fire occurring every seven minutes, 163 civilian fire deaths, 780 civilian fire injuries and $662,625,954 in property, according to a report from the State Fire Marshal’s Office. In …
8
12, 2015
Judge Suspends Lawsuit over Stolen Nazi Art at U. of Oklahoma
A federal judge has suspended activity in a lawsuit that challenges the ownership of a painting that hangs at a University of Oklahoma art gallery as negotiations continue with a French woman who claims the artwork was stolen from her …
8
12, 2015
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer
The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty insurance company named Lemonade, which they promise will reinvent …
8
12, 2015
Carjackings Rise in New Orleans for 2nd Straight Year
Carjackings are rising quickly in New Orleans, and analysts don’t know why. Carjackings remained fairly steady from 2010 through 2013, but the number rose from 53 in 2013 to 145 so far this year, The New Orleans Advocate reported Sunday. …
8
12, 2015
South Carolina Insurers to Weather At Least $181M in Claims from October Storm
The mega-storm that devastated South Carolina in early October is estimated to have cost more than $1.4 billion with insurers paying around $181 million of those losses in claims, so far. South Carolina Gov. Nikki Haley announced the flood damage …
8
12, 2015
Woodruff-Sawyer to Acquire Capstone Insurance in Massachusetts
Woodruff-Sawyer & Co., an independent brokerage based in San Francisco, announced today that it will be acquiring Capstone Insurance, the property/casualty brokerage division of Newton, Massachusetts-based financial services firm EBS Capstone. The transaction is expected to be completed by the …
8
12, 2015
Insurance Swindler Sent to Prison for Violating Release Terms in Conn.
Insurance swindler and former international fugitive Martin Frankel has been sentenced to six months in prison for violating the terms of his release. Prosecutors say a federal judge in New Haven, Connecticut, sentenced the 61-year-old convict on Dec. 3. Frankel …
8
12, 2015
Boston Chipotle Shuts Down After Scores of BC Students Get Sick
Chipotle Mexican Grill Inc., reeling from an E. coli outbreak that has sickened dozens of customers, closed a restaurant in Boston following complaints of “gastrointestinal symptoms” from scores of Boston College students, including members of the men’s basketball team. “Our …