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1 12, 2020

Duke to Lead Expanded Actuarial, Analytics Practice at Xceedance

By | December 1st, 2020|Uncategorized|Comments Off on Duke to Lead Expanded Actuarial, Analytics Practice at Xceedance

insurance consulting and technology firm Xceedance announced the expansion of its global actuarial and analytics services practice, led by Matthew Duke, senior vice president and chief actuary. Duke brings 15 years of experience in actuarial and analytics disciplines. Prior to …

2 12, 2020

Louisiana Begins Clearing Hurricane-Driven Sediment from Channel so Ships Can Pass

By | December 2nd, 2020|Uncategorized|Comments Off on Louisiana Begins Clearing Hurricane-Driven Sediment from Channel so Ships Can Pass

Port officials have begun clearing a shipping channel in Louisiana after sediments pushed into the waterway by hurricanes made the water too shallow for some vessels to pass safely. The work on Port Fourchon’s Belle Pass in Lafourche Parish began …

1 12, 2020

Consolino Named President, CEO of Newly Capitalized Core Specialty Insurance

By | December 1st, 2020|Uncategorized|Comments Off on Consolino Named President, CEO of Newly Capitalized Core Specialty Insurance

Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. (Core Specialty) has completed its recapitalization of StarStone U.S. Holdings Inc. (StarStone U.S.) and named Jeff Consolino as president and CEO. In a media release, the company said the recapitalization was led by …

2 12, 2020

California Roof Company Owner Arraigned In $4M Workers’ Comp Fraud Scheme

By | December 2nd, 2020|Uncategorized|Comments Off on California Roof Company Owner Arraigned In $4M Workers’ Comp Fraud Scheme

Judy Hein, 71, of Oxnard, Calif., was arraigned on five felony counts of insurance fraud after allegedly underreporting payroll for her Simi Valley roofing business by over $4 million, resulting in more than a $2 million loss to the State …

1 12, 2020

Skyward Specialty Insurance Hires CNA’s Childs to Lead Construction Business

By | December 1st, 2020|Uncategorized|Comments Off on Skyward Specialty Insurance Hires CNA’s Childs to Lead Construction Business

Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has added Rick Childs as senior vice president, Construction, to lead its growing construction business. Childs brings 25 years of commercial insurance industry experience, including the past decade focused on construction. Previously …

2 12, 2020

Insuring Cannabis Summit: Newly Legal States Could Yield $6B in Next 5 Years

By | December 2nd, 2020|Uncategorized|Comments Off on Insuring Cannabis Summit: Newly Legal States Could Yield $6B in Next 5 Years

Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. There’s big money, and big opportunity for cannabis service and product providers, such as insurance …

1 12, 2020

An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors

By | December 1st, 2020|Uncategorized|Comments Off on An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors

On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered off the runway after landing, sparking an investigation by the country’s transport safety regulator. It found the pilot had flown …

1 12, 2020

Outlooks Revised to Positive for Bremen Farmers Mutual Insurance in Kansas

By | December 1st, 2020|Uncategorized|Comments Off on Outlooks Revised to Positive for Bremen Farmers Mutual Insurance in Kansas

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of Bremen Farmers Mutual Insurance Co. (Bremen) in Bremen, Kan. The …

1 12, 2020

No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged

By | December 1st, 2020|Uncategorized|Comments Off on No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged

A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution. Just 30 days before Britain …

1 12, 2020

North Carolina Regulator to Modify Moratorium on Lindberg Firms

By | December 1st, 2020|Uncategorized|Comments Off on North Carolina Regulator to Modify Moratorium on Lindberg Firms

A North Carolina Superior Court gave approval to the state’s insurance regulator to modify the moratorium on insurance businessman Greg Lindberg’s financially impaired Colorado Bankers and Bankers Life Insurance Companies. The order allows annuity contract owners to withdraw limited funds …