Monthly Archives: <span>May 2018</span>

Family of Teen Who Drowned in West Virginia Community Pool Awarded $1.75M

A judge in West Virginia has approved a $1.75 million settlement of a lawsuit filed in a teenager’s drowning at a municipal swimming pool. Media outlets report Harrison County Circuit Judge Chris McCarthy approved the settlement in the wrongful death …

Investigators Say Serial Arsonist Likely Behind Vacant House Fires in Georgia

Authorities believe a serial arsonist is targeting vacant homes in a Georgia city. Macon-Bibb Fire Department Capt. Michael Williamson tells The Telegraph that two vacant homes were destroyed by fires on Sunday. He says that his shift alone has responded …

Federal Tax Cuts Spur 1.8% Decrease in Florida Workers’ Comp Rates

The Florida Office of Insurance Regulation (OIR) has approved a 1.8 percent rate decrease for workers’ compensation insurance in Florida. The decrease was filed by the National Council on Compensation Insurance (NCCI) in a law-only filing resulting from the effects …

CFO Parry to Leave Lloyd’s After 17 Years

Lloyd’s of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd’s in August 2001. He was appointed chief financial officer in December 2014, and is a member of …

University of Minnesota Settles Harassment Complaints for Nearly $300K

Newly released documents show the University of Minnesota paid nearly $300,000 to settle sexual harassment complaints related to former athletic director Norwood Teague. He resigned in 2015 after two high-ranking administrators said he sexually harassed them at a senior leadership …

Strong Winds Fanning Fires, Dangerous Dust Storms in Midwest

A fire fueled by strong winds extensively damaged a grain elevator in Wisconsin’s Brown County. The fire broke out about 11:30 a.m. Sunday in Mina. Because of 40 to 45 mph winds, smaller fires caused by blowing, burning debris were …

California Commissioner OKs 1st Lessor’s Risk Coverage for Marijuana Industry

California Insurance Commissioner Dave Jones has approved what his office says is the first insurance coverage for commercial landlords that addresses risks specific to renting to cannabis businesses. California Mutual Insurance Co. was approved to add lessor’s risk coverage for …

A.M. Best Upgrades Issuer Credit Rating of Illinois Casualty

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Illinois Casualty Co. (Illinois Casualty) in Rock Island, IIlinois. The outlook for the Long-Term …

No Tornadoes in Oklahoma in 2018 – Yet

This year’s weather on the Southern Plains has an odd twist: Oklahoma has yet to record its first tornado, the deepest into the year it’s gone without one since 1962. Although a drought has dried up moisture needed to fuel …

H.W. Kaufman Group Acquires Premium Financing Firm, Stonemark, in Dallas

H.W. Kaufman Group has acquired Dallas-based premium financing firm, Stonemark Inc., with plans to merge it into Kaufman subsidiary, Royal Premium. The merger will create a new organization under the Stonemark brand. Stonemark recorded more than $125 million in annual …