News

PCI Throws Support Behind Montana Bill Aimed at Storm-damage Contractors

The Property Casualty Insurers Association of America is throwing its support behind a bill in Montana that would toughen rules on storm-damage contractors. House Bill 222, authored by Dennis Lenz, R-Billings, would create the Montana Exterior Residential Storm Damage Repair …

White Mountain’s OneBeacon Reported to Be Up for Sale

OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently began working with Credit Suisse Group AG to solicit offers from rival …

Startup Next Insurance Partners with Markel on Insurance Fit for Personal Trainers

Online small business insurance agency Next Insurance has partnered with specialty insurer Markel Corp. to offer tailored coverage for personal trainers. Next Insurance allows personal trainers to buy a professional and general liability coverage plan online in minutes and pay …

Majority of Workers at Wisconsin Shipyard Test Positive for Lead

Health officials say the majority of more than 200 workers tested for lead exposure at a Superior, Wis., shipyard had elevated levels of lead in their blood. Wisconsin and Minnesota health departments began a joint investigation last spring after workers …

North Carolina Coal Ash Neighbors Balk at Duke Energy $5K ‘Goodwill’ Payment

Neighbors living near Duke Energy’s unlined coal ash pits around North Carolina are being offered payment of future water bills plus a $5,000 “goodwill” payment to households concerned their water wells could be polluted with heavy metals. The country’s largest …

Seizing Today’s Program Business Opportunities

Today’s program administrators continue to face plenty of challenges, including increased competition, high merger and acquisition activity, market pressures for more creative options, and other issues. Those challenges are leading to opportunities as the industry is forced to create and …

Oklahoman Must Pay Back $525K for Embezzling Clients’ Insurance Money

A former Norman, Okla., attorney has been ordered to pay more than $525,000 in restitution to former clients and the federal government for fraud. The Norman Transcript reports Dane Thomas Wilson pleaded guilty in February 2016 to using wire fraud …

Aon Launches Loss Estimating Risk Tool for Oil, Gas and Petrochemical Sectors

Aon Global Risk Consulting, in collaboration with TNO, a research agency, has launched the Aon Loss Estimating Risk Tool (ALERT), a new modelling tool for oil, gas and petrochemical clients. The new tool is able to model the potential financial …

Oklahoma Company Fined More than $535K for Safety, Health Violations

An Oklahoma truck bed manufacturer was cited by federal safety officials for putting workers at risk and fined more than $500,000 after investigators identified multiple safety and health violations at the company’s workplace. A complaint of unsafe working conditions led U.S. …

Nored Named to Head Legal Division at Texas Insurance Department

Texas Insurance Commissioner David Mattax has selected Michael Nored to head the Legal Division at the Texas Department of Insurance. Nored replaces Stan Strickland, a 21-year veteran of the agency who is leaving at the end of the month to …

News Archives by Month