Yearly Archives: <span>2018</span>

Nearly 9K Whiskey Barrels Damaged in Kentucky Bourbon Warehouse Collapse

Thousands of whiskey barrels crashed into a massive heap Friday when a large section of a decades-old storage warehouse collapsed at a distillery in the heart of Kentucky bourbon country. The damaged warehouse at the Barton 1792 Distillery in Bardstown …

Opinion: Is Florida’s Flood Insurance Industry Really Prepared?

The clock is ticking: The National Flood Insurance Program expires on July 31, 2018; so what happens next? It is well documented that the NFIP is broken and has been in disarray for a long time. The NFIP’s primary deficiency …

Alera Group Acquires Menath Insurance in Nevada

Alera Group has acquired Incline Village, Nev.-based Menath Insurance. Terms of the deal were not announced. Menath Insurance also has offices in Reno, and South Lake Tahoe, as well as in Susanville, Caif. Alera Group announced last week it acquired …

BNSF: Train Derailed in Iowa; Estimated 230,000 Gallons of Oil Spilled

An estimated 230,000 gallons (870,619 liters) of crude oil spilled into floodwaters in the northwestern corner of Iowa following a train derailment, a railroad official said Saturday. BNSF spokesman Andy Williams said 14 of 32 oil tanker cars just south …

Lessons Learned From Hurricane Harvey Highlighted in Zurich Report

An inconsistent regulatory environment and a lack of awareness by residents of the potential flooding dangers in and around Houston were among the factors that contributed to the heavy damage inflicted by Hurricane Harvey, according to a report released on …

Missouri’s Thomas Insurance Advisors Adds Johnson as Insurance Broker

Thomas Insurance Advisors in Chesterfield, Missouri, has hired Travis Johnson as an insurance broker. Johnson will provide specialized insurance products and services to small and mid-sized businesses. He also will handle automobile and homeowners’ insurance options for both new and …

Marsh to Acquire Houston’s Wortham Insurance

Global insurance broker, Marsh, is acquiring Houston-based Wortham Insurance. Terms of the transaction, which is expected to close in the third quarter of 2018, were not disclosed. Founded in 1915, Wortham has more than 530 colleagues based in its Austin, …

Quy Receives IIAT’s 2018 Drex Foreman Award; Crocker Named Young Agent of Year

The Independent Insurance Agents of Texas (IIAT) honored IIAT Director Cindy Quy with its Drex Foreman Award during the group’s 121st Annual Conference and Trade Show in San Antonio on June 15. Named after Drex Foreman, who served as the …

Missouri Exempts Some Commercial Insurance Policies from Rate Filing Rules

Missouri’s General Assembly has passed, and the governor has signed, a bill that exempts some commercial insurance policies and endorsements from rate filing requirements. The summary of SB 594 on the legislative website states that it “exempts certain lines and …

Several Lawsuits Allege Racial Profiling in Oregon Businesses

Several African Americans are suing big-box stores and restaurants in Oregon, claiming employees at those places wrongly accused them of stealing because they were “shopping while black.” A Portland law firm has filed five lawsuits alleging racial profiling at businesses …