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Florida-Based Olympus Insurance Appoints Carpenter AVP of Sales, Marketing

Olympus Insurance Co. has appointed James “Jim” Carpenter as assistant vice president of Sales and Marketing. Carpenter has more than 20 years of experience in the property & casualty insurance industry, seven of which he spent at Tower Hill Insurance. …

Miami Insurance Agent Arrested in $1.7M Fraud Scheme

A former Miami insurance agent has been arrested for allegedly stealing more than $1.7 million in insurance premiums from two insurance premium finance companies, according a statement from Florida CFO Jimmy Patronis. Antonio Jesus Zoghbi, owner of Florida Insurance Agency …

FEMA: Arkansas’ Sebastian County Has Most Flood Claims, so Far

From April through mid-June, more than 230 claims stemming from flooding of the Arkansas River and its tributaries in Arkansas had been filed with the National Flood Insurance Program (NFIP), according to the Federal Emergency Management Agency. In an announcement …

Texas Law Targets Surprise Medical Bills in Workers’ Comp

Texas lawmakers in the recent legislative session passed a bill addressing surprise medical bills injured employees have received after being treated at federal military facilities. Senate Bill 935 requires workers’ compensation insurance reimbursement rates for medical care provided at a …

Following Historic Flooding, Arkansas Governor Orders Review of the State’s Levees

Arkansas’ governor has ordered a review of the state’s levees and is asking lawmakers to approve $10 million for immediate repairs after historic flooding along the Arkansas River. Gov. Asa Hutchinson signed an executive order creating the Arkansas Levee Task …

Employees in Arizona City to Use Self-Driving Cars for Work Rides

Dozens of city employees in the Phoenix suburb of Chandler will use self-driving vehicles at work in partnership with Waymo, an autonomous vehicle company. The partnership will begin sometime this month as Chandler evaluates whether using the autonomous vehicles cuts …

North Carolina Regulator to Take Over Firms Owned by Embattled Insurance Investor

North Carolina’s insurance commissioner is taking over four insurance companies controlled by a businessman charged with trying to make political bribes. A Raleigh-based state judge issued an order on June 27 allowing Insurance Commissioner Mike Causey to take over the …

Business Moves

East W.N. Tuscano Agency, Insurance Markets W.N. Tuscano Agency Inc. has signed an agreement to acquire Clarks Summit, Penn.-based Insurance Markets Inc. Founded in 1960, Insurance Markets Inc. is a managing general agency (MGA) and surplus lines broker serving clients …

People

National PartnerRe announced that Jonathan Colello has joined the company effective July 1, 2019, as CEO for P&C Americas and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will have executive responsibility for leading PartnerRe’s …

My New Markets

Life Science Market Detail: Citadel Insurance Services’ (ww.citadelus.com) BioPRO is an exclusive program with in-house binding authority designed to be customized to the individual needs of medical devices, pharmaceuticals and other companies with a life science focus. Targeted products include: …