Yearly Archives: <span>2017</span>

A.M. Best Assigns ‘A’ Rating to New Texas Insurer, Starr Specialty

Ratings agency, A.M. Best, has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” to Starr Specialty Insurance Co. (Starr Specialty), headquartered in Dallas. The outlook assigned to these credit …

Missouri Agency Changes Name to Reflect Focus on Risk Management

St. Louis, Mo.-based Powers Insurance and Benefits recently changed its name to Powers Insurance & Risk Management. Founded in 1991, the company is one of the largest family owned and operated independent insurance agencies in the bi-state region. Powers Insurance …

Missouri Company Fined $700K for Breaking Rules After Worker Fatality

A Missouri plumbing company has been fined more than $700,000 for workplace safety violations, including an employee’s death. The Occupational Safety and Health Administration cited Arrow Plumbing LLC for the death of 33-year-old Donald “D.J.” Meyer and for allegedly failing …

Hurricane, Storm Surge Watches Issued for Texas Coast as Harvey Nears

The National Hurricane Center has issued a storm surge watch for Texas coast from Port Mansfield to High Island and a hurricane watch from north of Port Mansfield to San Luis Pass. The government of Mexican government also issued tropical …

New Lawsuit Filed Over Alleged Baylor Rape Policy Failures

A woman who reported that she’d been sexually assaulted filed a lawsuit on Aug. 21 against Baylor University, alleging questions she faced from the university shifted blame away from her attacker toward her. The lawsuit filed in a Waco federal …

Denver Soon to Open Legal Marijuana Clubs

Colorado’s largest city is on the brink of licensing some of the nation’s first legal marijuana clubs. But Denver’s elaborate hurdles for potential weed-friendly coffee shops and gathering places may mean the city gets few takers for the new licenses. …

Pennsylvania Commuter Train Crash Injures Dozens, None Critically

A commuter train crashed into a parked train at a suburban Philadelphia terminal early Tuesday morning, injuring dozens of passengers and the train’s operator, a transit spokeswoman said. None of the 42 people hurt in the crash suffered life-threatening injuries, …

PERILS Insured Loss Estimates for Storm Thomas Unchanged at $293.2M

PERILS AG has disclosed its third loss estimate for windstorm Thomas, also known as Doris, which affected the British Isles, the Netherlands, Belgium and Germany on Feb. 23-24, 2017. The third estimate of the property insurance market loss for Windstorm …

Feds Say Brake Problems Preceded Derailment in Pennsylvania

Crews encountered air brake problems before a 178-car freight train derailed in Pennsylvania earlier this month, causing hazardous material to ignite and forcing nearby residents to evacuate, federal investigators said. The National Transportation Safety Board’s preliminary report issued Monday said …

Massachusetts’ Arbella Insurance Group Promotes Mann

The Arbella Insurance Group, a Quincy, Mass.-headquartered regional property and casualty insurance company, has promoted Ellen Mann to assistant vice president of human resources. Reporting to Gayle O’Connell, executive vice president, Mann will oversee Arbella’s human resources strategy, including talent …