Monthly Archives: <span>November 2013</span>

Mass. Regulator Offers Update on Industry Developments, Boston Bombing Claims

Massachusetts’ top insurance regulator recently spoke about the state of the insurance industry in Massachusetts, with topics ranging from the auto insurance marketplace and the Biggert-Waters Flood Insurance Reform Act to Boston bombing insurance claims. Speaking at the Massachusetts Association …

Ohio Agent Sentenced to 2 Years’ Probation for $7,700 Theft, Insurance Fraud

Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former life insurance agent Russell Lowery, of Olmsted Falls, was sentenced in Cuyahoga County Common Plea Court to two years of probation for theft and insurance fraud and ordered to …

Jury Awards $39M in Fatal Wisconsin Garage Panel Fall

A jury has found manufacturer Advance Cast Stone mainly responsible for the collapse of a Milwaukee, Wis., parking garage panel that killed a teenager and injured two others in 2010 and awarded $39 million in damages. The civil jury also …

Ironshore Canada Launches PL Coverage for Private Equity Risks

IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for Canadian-based private equity and venture capital firms to protect against portfolio investment risk exposures worldwide. IronPro’s private equity liability insurance policy is …

Safe Harbor Benefits Navigates to Higginbotham

Independent insurance broker Safe Harbor Benefits, located in Arlington, Texas, has merged with Fort Worth-based Higginbotham, the companies announced. Safe Harbor Benefits was opened in 1996 by Bryan Keathley, a life and health insurance broker with a professional background as …

All Risks Launches Down Hole Tool for South Central Onshore Oil, Gas Industry

The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as well as rental tool companies. …

Oklahoma Supreme Court Sets Arguments in Workers’ Comp Law Case

The Oklahoma Supreme Court has scheduled oral arguments in a lawsuit that challenges the constitutionality of Oklahoma’s new workers’ compensation law. The high court scheduled arguments for 9 a.m. Dec. 10 in the lawsuit filed by state Sen. Harry Coates …

Insurance Chief Asks FEMA to Waive Flood Coverage Rule for U Iowa

Iowa’s top insurance regulator is backing the University of Iowa in a dispute with the federal government over how much insurance the campus must carry after rebuilding from the 2008 flood. Insurance Commissioner Nick Gerhart has asked the Federal Emergency …

N.J. Legislative Proposal Could Ban Snacking, Smoking Behind the Wheel

Drivers in New Jersey could possibly be pulled over for snacking, smoking or putting on make-up behind the wheel under a bill that has been advanced in the state Assembly. The proposed law would fine drivers found to “engage in …

New York Insurance Association Elects Officers, Board Directors

The New York Insurance Association (NYIA) recently elected its 2014 officers and board of directors at the association’s annual meeting. The following officers were elected for a one-year term ending Dec. 31, 2014: • Chair: Bernard Turi, senior vice president, …