Monthly Archives: <span>March 2016</span>

Federal Appeals Court Sides with Lexington Insurance in Deductible Dispute

A federal appeals court has upheld a lower court’s ruling in favor of an insurance company in a breach of contract suit brought by a Houston-based oil and gas exploration and production company. The dispute in Saratoga Resources Inc. v. …

Chubb Names Leaders for Expanded Small Commercial Division for North America

Chubb has launched its Small Commercial Insurance division for North America, which will offer management and professional liability and standard insurance coverages for small businesses with annual revenues up to $10 million. The insurer said Chubb Small Commercial Insurance, which …

ACIC’s Sektnan Named Chair of Civil Justice Association of California

Association of California Insurance Companies President Mark Sektnan has been named chairman of the board for the Civil Justice Association of California. Sektnan will serve a two-year term. His duties will include overseeing board meetings and serving on the CJAC …

Thompson Named Iroquois Group General Manager in Southern California

Bruce Thompson has joined The Iroquois Group as a regional manager in Southern California. His background is in property/casualty, as well as life insurance, and includes experience as a producer, agency owner, and carrier territory manager. Thompson was the territory …

South Dakota Opens the Door to Ridesharing

South Dakota has become the 29th state to implement statewide rules governing the operation of transportation network companies like Uber and Lyft, with news that Gov. Dennis Daugaard has signed the ridesharing measure into law. Neither Uber nor Lyft currently …

London-Based Chubb Global Markets Announces Lineup of Management Team

Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as executive vice president, Europe, and division president, Chubb Global …

Newtown Families Tout Progress of Federal Mental Health Bill

Some family members of the Sandy Hook Elementary School shooting victims in Connecticut are cheering the recent committee passage of a bipartisan, federal mental health bill that’s moving through Congress. Much of the legislation, known as the Mental Health Reform …

Northwest Bank to Acquire Penn.-Based Best Insurance Agency

Northwest Bank, based in Warren, Pennsylvania, announced that it has signed a definitive agreement, effective April 1, to acquire Best Insurance Agency Inc., an employee benefits and property/casualty insurance agency in Butler, Pennsylvania. Terms of the transaction were not disclosed. …

Texas Seeks Data on Weather-Related Property Claims, Lawsuits

The Senate Business and Commerce and the House Insurance Committees of the Texas Legislature have requested data from the Texas Department of Insurance related to weather-related property claims, the incidence of lawsuits related to these claims, and the impact this …

Lim Named Asst. VP, Management Liability Zone Leader at CNA

Chicago-based insurer, CNA, appointed David Lim as assistant vice president, management liability zone leader for the Northern Zone. In this role, Lim is responsible for providing overall underwriting expertise for the public and private company management liability book of business …