19 11, 2020

Berkshire Hathaway Specialty Promotes Rootenberg, Scully to Claims Leadership

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Berkshire Hathaway Specialty Insurance (BHSI) announced a pair of promotions in its Executive & Professional Lines Claims group, naming Shelby Rootenberg as senior vice president, head of U.S. Commercial Lines (Public) and Financial Institutions Claims, and Megan Scully as senior …

19 11, 2020

RLI Corp. CEO Michael to Retire in 2021; Kliethermes Will Replace Him

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Property/casualty specialty insurer RLI Corp. said current CEO Jonathan Michael is retiring at the end of 2021, and RLI Insurance President and Chief Operating Officer Craig Kliethermes will succeed him. Michael’s official retirement day is Dec. 31, 2021, which will …

19 11, 2020

Mobile Home Owner Files Lawsuit Stemming from Maine Blast

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The owner of a mobile home park and other residences has filed a lawsuit against companies and a nonprofit group connected to the 2019 fatal propane explosion in Maine. The Farmington explosion killed fire Capt. Michael Bell and injured seven …

19 11, 2020

Massachusetts’ Sayata Labs Hires Reardon, Regilio

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Sayata Labs has hired Mat Reardon as business development manager for the East Coast and Tim Regilio to manage West Coast activities also as business development manager. Reardon will manage all current and prospective partner relationships on the East Coast. …

19 11, 2020

N.Y. Woman Sentenced for Stealing More Than $3K in Workers’ Comp Benefits

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A New York woman who stole $3,065.28 in workers’ compensation benefits by forging her late father’s name in order to cash the checks has been sentenced to one year in jail. Bonnie S. Slater of Randolph, N.Y., was sentenced in …

19 11, 2020

Several Northern California Agencies Suing PG&E Over 2019 Wildfire

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Sonoma County and several Northern California agencies sued Pacific Gas & Electric Co. on Tuesday over damage caused by a wildfire that burned a large swath of land last year and caused nearly 100,000 people to flee. The Kincade Fire …

19 11, 2020

Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2

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Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by Moody’s Investors Service. Indeed, …

19 11, 2020

UC San Diego Engineers Experimenting in Space to Help Prevent Mudslides

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What can the International Space Station teach us about mudslides here on Earth? Here is the connection: UC San Diego engineers are trying to better understand the role gravity plays in mudslides. That is why in 18 months, they will …

19 11, 2020

Aon Secures $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk

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Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM (an asset manager focused …

19 11, 2020

New York Fines NRA $2.5M, Halts Its Insurance Business in the State for Five Years

By | November 19th, 2020|Uncategorized|Comments Off on New York Fines NRA $2.5M, Halts Its Insurance Business in the State for Five Years

The New York State Department of Financial Services (DFS) has entered into a settlement with the National Rifle Association (NRA) to resolve alleged violations of New York insurance law. The settlement includes a monetary penalty of $2.5 million and means …