Monthly Archives: <span>November 2015</span>

Orchid Underwriters to Acquire Platinum Partners in Massachusetts

Orchid Underwriters, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, has signed a definitive agreement to acquire Platinum Partners, a Peabody, Massachusetts-based wholesale brokerage focused on the high net worth personal lines …

MNsure Selects O’Toole to Head Minnesota Insurance Exchange

MNsure has tapped its interim leader to run the health insurance exchange permanently even though she didn’t apply for the job. The health insurance exchange’s board selected Allison O’Toole to remain at the helm. She was chosen over health care …

Waitt Retiring as TDI General Counsel; Garcia, Strickland to Lead Legal Division

Sara Waitt, general counsel at the Texas Department of Insurance, is retiring in December after 24 years with the agency. TDI Chief Clerk Norma Garcia has been named at the agency’s new general counsel and Associate Commissioner Stan Strickland becomes …

Tornadoes, Heavy Rain Cause Damage in 10 Mississippi Counties

At least two tornadoes and heavy rainstorms in Mississippi destroyed a mobile home, partially tore a roof off a house, and left a truck driver injured after he drove into a downed tree, state officials said Wednesday. National Weather Service …

New Mexico Launches Ad Campaign to Deter Drunken Driving

New Mexico drivers will hear a different kind of holiday advertisement on the radio in the coming weeks, as the state launches an ad campaign aimed at curbing drunken driving. Gov. Susana Martinez this week announced the $300,000 ad campaign …

Nevada State Senator Condemns Clark County Fee for Rideshare Companies

Republican state Senate Majority Leader Michael Roberson is calling for an investigation into whether Clark County’s new fees for Uber and Lyft drivers are legal. Roberson issued a strongly worded statement this week, saying the county commission’s decision earlier that …

Arizona Lawmaker Wants Another Cut to Insurance Company Taxes

One of the top Republican leaders in the Arizona House wants to accelerate cuts to insurance company taxes that were included in a bill he sponsored. Majority Whip David Livingston of Peoria has filed a bill for the upcoming session …

Large British Insurers Get Major Exemption from Proposed EU Audit Rules

Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will require British-based insurance firms from January to meet …

Are You an Insurance ‘Expert?’

Have you ever noticed that true experts don’t refer to themselves, or even consider themselves, experts? However, others see them as and proclaim them to be experts. True experts worry more about what they don’t know than what they do …

RenaissanceRe Syndicate Mgmt. Names Brennan as CEO, Murphy as Chairman

RenaissanceRe Holdings Ltd. announced that Hugh Brennan, currently finance director at RenaissanceRe Syndicate Management Ltd., will become RSM’s chief executive officer, effective for 2016. Brennan joined RenaissanceRe in Bermuda in 2009, subsequently moving to London and assuming a series of …