Daily Headlines
June 23, 2017
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Today's Headlines

National

After Drenching Gulf Coast, Tropical Storm Cindy Heads North, East

The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much ...

Weed Warning: Legalizing Marijuana Tied to Rise in Crashes in 3 States by HLDI

Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about three ...

Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016

Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, ...

Reinsurance Rates Continue to Soften with No End in Sight: S&P

The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current ...

Survey: Agents Suggest How Carriers Can Move from 'Good' to 'Great'

One would expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn't always the case. ...

Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates

Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign ...

12 States Call Out California's 'Affront to Sound Insurance Regulation'

It's difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He's the insurance ...

From MyNewMarkets.com Cyber Liability Sales Show More Growth, Price Stability: Report

Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to a recent survey by The Council of...
Carrier Management

Rethinking Insurance Work: How Claims Processing, Agent Jobs Will Change

Technology, artificial intelligence (AI) and the Internet of Things (IoT) offer new opportunities for insurance...
Sponsored by: Insurance Journal. Important Issue Coming Up! The ever-popular E and S Directory drops on July 24. Don't miss it! Subscribe
East

Massachusetts House Approves Bill to Redo Recreational Marijuana Law

A bill that would repeal and replace the recreational marijuana law approved by Massachusetts voters in November cleared the House late ...

Man Admits He Embezzled $700K from Maine Boatyard

A Massachusetts man who worked as a financial manager for a Maine boatyard has admitted to embezzling over $700,000 from the company. The ...

Beecher Carlson Expands Energy Practice in the Northeast

Beecher Carlson Insurance Services LLC (Beecher Carlson), a specialized large account insurance broker, has expanded the northeast ...

XL Catlin Promotes E&S Property Insurance Regional Leader in Boston

XL Catlin's excess and surplus (E&S) insurance team has promoted Caitlin Murphy from senior underwriter to the role of eastern regional ...
Midwest

Protecting Unions Is a Labor of Love for Union Insurance Group

It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you're just in it for the money, ...

Missouri Becomes 3rd State to Sue Opioid Manufacturers

Missouri on June 21 became the third U.S. state to accuse major drug manufacturers of fraudulently misrepresenting the risks of opioid ...

Partners Specialty Group Adds Swett & Crawford's Coelho in Kansas City

Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its Property team. He is based in Kansas City, Mo. With ...

Wine Named Securities Head, Shultz Asst. Commissioner at Kansas Insurance Dept.

John Wine, current assistant commissioner at the Kansas Insurance Department (KID), has been named securities commissioner within the ...
Southeast

Highly Contagious Citrus Disease Spreads to Alabama

A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. ...

North Carolina Senate Passes Legislation to Reduce Opioid Abuse

Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The ...

Tennessee-Based Reliance Partners Promotes Howell to SVP

Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to ...
South Central

Texas Stamping Office: Surplus Lines Insurance Premium Up for 2017

Data collected by the Surplus Lines Stamping Office of Texas (SLTX) shows that insurance premium amounts recorded in May 2017 are higher ...

Texas Mutual Promotes Green-Hinojosa, Scott to VP Positions

Austin-based workers' compensation insurance provider Texas Mutual Insurance Co. has promoted Amy Green-Hinojosa to vice president of the ...

Watkins Insurance Group Expanding to Georgetown, Texas

Watkins Insurance Group announced it is expanding to Georgetown, Texas, and plans to build a new location in the city's historic downtown. ...
West

Weed Warning: Legalizing Marijuana Tied to Rise in Crashes in 3 States by HLDI

Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about three ...

United Valley Adds 2 Members in Southern California

United Valley has added Goodwin Insurance Agency Inc. of Redlands, Calif. and RBP Insurance Services Inc. of Valencia, Calif. to its ...

California Judge Will Let San Francisco Subpoena Uber for Driver Information

A California state judge said that San Francisco can demand from Uber records containing the ridesharing company's driver contact ...

Zenefits to Pay $3.4M for Fair Labor Act Violations in California and Arizona

Zenefits is in trouble with another government regulator. San Francisco, Calif.-based Zenefits FTW Insurance Services violated the Fair ...

Insurtech Startup Buys MGA in California with Product for Agents in Mind

Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends ...
Sponsored by: City of Hope. Fred Claire Celebrity Golf Classic Benefiting City of Hope. Monday, August 14, 2017. Oakmont Country Club. Click here for more information.
International

Reinsurance Rates Continue to Soften with No End in Sight: S&P

The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current ...

Brexit Critics Now Emboldened to Block Prime Minister's Plans for 'Hard Brexit'

When she called a snap election in April, Theresa May said she needed voters' backing to silence rivals in Parliament who were trying to ...

Randall & Quilter to Sell Lloyd's Agency to Medical Liability Insurer Coverys

Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd's managing ...

JLT Re Appoints Chubb's Williams as Partner in Bermuda Operation

JLT Re, the global provider of reinsurance broking and consultancy, has appointed Deanna Williams as a partner in JLT Re's Bermuda ...
Insurance Journal Blogs and Columns

2 Common Workers' Comp Mistakes

Thank you, Kevin Ring, for this guest post. Kevin is our guest instructor this week at Insurance Journal's Academy of Insurance and is Lead ...

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Retaining Young Talent

In this interview, Insurance Journal's Andrea Wells asks President and chief executive officer...
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Outgoing Florida CFO Atwater Recalls Successes, Frustrations With Industry

Florida's Chief Financial Officer and head of the Florida Department of Financial Services...

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New Discussions in the Forums

Need MGA Workers Comp California
Posted: Mon Jun 12 -- Consolidated Agency Partners provides access to a nice list of preferred carrier markets for personal lines,... CRB

Reader Comments

California Man Bit by Dog While Rescuing Cat Awarded $1M
Posted: Fri Jun 16 -- May wasn't running or hiding from the officers, yet the man in his 60s wouldn't lie on the ground, so the officers instructed the dog, which... Fair Playing Field
Tragic London Fire Raises Questions About 'Stay Put' High-Rise Safety Rule
Posted: Mon Jun 19 -- Might just be me but if a building is going up in flames I'm not going to "stay put". Survival instinct is to run from danger not hang... Things that make you go hmmm
California Commissioner 'Undeterred' by Challenges to Climate Disclosure Initiative
Posted: Wed Jun 21 -- Even though I may agree with the commissioner on climate change, he is exceeding his authority by restricting these investments. The... Observor
Insurance Research Finds Many Homeowners Don't Understand Deductibles
Posted: Fri Jun 16 -- I would change the headline to "Insurance Research Finds Many Homeowners Don't Want to Understand Deductibles" especially at the time of a... Jax Agent

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