Articles by

People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada

LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice president …

Abiomed to Pay $57K to Resolve Alleged Gender-Based Promotion Discrimination

The U.S. Department of Labor has announced that its Office of Federal Contract Compliance Programs and Abiomed Inc., a federal medical equipment supplier, have entered into a conciliation agreement to resolve allegations of gender-based promotion discrimination at the company’s Danvers, …

California Commissioner: 1-Year Moratorium on Cancellations for Wildfire Victims

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 11,000 policyholders affected by the Shelly Fire located in Siskiyou County and the Bear Fire located in Sierra County. …

Inszone Acquires Nugent Insurance Brokers in California

Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into personal lines by gaining access to Inszone Insurance’s markets …

North Dakota Voters Reject Marijuana Legalization

North Dakota voters defeated a measure calling for the legalization of recreational marijuana. The outcome of the proposal wasn’t clear until Wednesday morning. North Dakota is one of a handful of states, including Florida and South Dakota, where recreational marijuana …

Disgruntled Fired Employee Kills 2 Workers at Chicago’s Navy Yard: Police

A man who was recently fired from his job at Navy Pier returned to the Chicago tourist attraction and killed two workers before fleeing, police said. The attack happened Tuesday afternoon after the fired worker gained access to an office …

Wind-Driven Southern California Blaze Has Destroyed at Least 132 Structures

A Southern California wildfire that was driven by high winds has destroyed at least 132 structures and forced more than 10,000 people to evacuate. The fire in Ventura County has burned 20,596 acres and is 7% contained. The Mountain Fire, …

Update: Citizens Resumes Binding as Rafael Turns Away From Florida

Florida’s Citizens Property Insurance Corp. has lifted its suspension on binding of policies as Hurricane Rafael turned away from Florida and was tracking toward Mexico and was expected to weaken. Citizens, the largest property insurer in the state, ended the …

Tech Update: WTW Unveils Machine-Led Solution to Enhance Insurance Reserving

Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in property/casualty reserving. ResQ Machine-led Reserving uses proprietary algorithms that optimize the core reserving …

Aon’s NFP Acquires Irish Wealth and Corporate Benefits Advisory Business

NFP, the Aon company and international insurance brokerage and consulting firm, announced it has acquired HC Financial, a financial planning and corporate employee benefits advisory business based in Galway, Ireland. Financial details of the deal were not disclosed. The HC …