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

North Carolina Approves 4.8% Statewide Dwelling Rate Increase

The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will increase rates by an average …

10 Months After Harvey, Popular Texas Beach Town Still Recovering

Hurricane Harvey battered Deven Bhakta’s Port Aransas, Texas, hotel until it was uninhabitable. The Austin American-Statesman reports the Category 4 hurricane’s 130 mph winds blew out windows and stripped parts of the roof off the three-story Holiday Inn Express, while …

Insurtech Agency CoverWallet Offers Its API for Other Small Firms to Offer Insurance

Digital small business insurance agency CoverWallet, which is partly owned by insurers Zurich Insurance and Starr Companies, is expanding its distribution by letting other small businesses such as accountants and lenders offer its policies from leading carriers. The company is …

North Dakota Businesses Hobbled by Trucking Delays

North Dakota businesses that rely on truck drivers for supplies have been experiencing delays due to mandated electronic logging devices. Delivery times to Dakota Gasification Co. have sometimes doubled or tripled after the Federal Motor Carrier Association began requiring the …

Alliant Adds Hotard to Energy, Marine Group in Louisiana

Alliant Insurance Services Inc. has hired Brian Hotard as vice president within the firm’s Energy and Marine Group. He is based in Alliant’s Metairie, Louisiana, office. Hotard joins Alliant with extensive experience providing a full range of property/casualty insurance products …

Iowa’s Holmes Murphy Taps Hurley as President, Property Casualty Brokerage

Iowa-based Holmes Murphy has named John Hurley II as president of Property Casualty Brokerage Services. Hurley was formerly senior vice president of Property Casualty, and this new title reflects the high-caliber work Hurley has done and will continue to accomplish. …

New Nebraska Lake Expected to Reduce Flood Plain, Lower Insurance Rates

A Nebraska Natural Resources District is opening Omaha’s newest park and lake after spending nine years developing the $44 million project. The Omaha World-Herald reports that the Papio-Missouri River district will open Flanagan Lake on Wednesday. The area also includes …

Lincoln, Nebraska, to Test All-Electric, Driverless Shuttle Technology

Lincoln officials are inviting residents to help test out an all-electric, driverless shuttle bus for a pilot program that could bring more autonomous vehicle services to the city. The public will have a chance to reserve a 15-minute ride on …

Disaster Declaration Approved for Oklahoma Spring Fires

President Donald Trump has approved Oklahoma’s request for a disaster designation after wildfires scorched western parts of the state in the spring. Trump approved the declaration Monday and ordered federal assistance to supplement state and local recovery efforts in areas …

Folgate Insurance Co. Gets UK License to Write Re/Insurance Business

Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance. All business written through Folgate will be underwritten by managing general agent APC Underwriting – in a …