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New Markets

General Liability – All Contractors Market Detail: Calypso Insurance Brokerage (www.calypsoinsurancebrokerage.com) provides property and casualty insurance products with access to an industry- leading market and a range of product options for customers. Available limits: Minimum $1 million Carrier: Unable to …

New Workers’ Comp Program for California’s Cannabis Industry

California Insurance Commissioner Dave Jones in early September announced a new workers’ compensation insurance program for California’s cannabis industry. The program was created by Atlas General Insurance Services to serve businesses and workers in the cannabis industry. This program is …

Former Postal Worker Charged in N.Y. for Falsely Obtaining $160K in Disability Benefits

A former motor vehicle operator for the United States Postal Service (USPS) has been charged with making false statements to obtain federal employees’ disability compensation, according to a complaint unsealed in federal court in Brooklyn, N.Y. Joseph Penatello was arrested …

ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best

The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a two-month period in 2017 now serve as …

Tesla Driver in California Blames Autopilot for Firetruck Crash, Arrested for DUI

Authorities say a Tesla driver, who said he thought his car was in Autopilot mode, crashed into the back of a firetruck in San Jose. The California Highway Patrol says the Tesla rear-ended a fire engine that was stopped with …

People

AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta. Prior to joining AmWINS, Furlong spent several years as a casualty producer at All Risks, Ltd. Before …

California Cites Garment Contractors $570K, Some Lacked Workers’ Comp

The California Labor Commissioner’s Office has cited six Los Angeles area garment contractors $573,704 for labor law violations after uncovering a scheme where the contractors illegally operated under one license to avoid compliance. Four of the contractors did not have …

Agencies Focus on Growing Larger Accounts: Channel Harvest Survey

Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and cosponsored by Channel Harvest Research and Insurance Journal. …

State Farm Purchases Naming Rights to Atlanta Hawks Arena

Philips Arena in Atlanta is being renamed for State Farm after a $192.5 million renovation. The Atlanta Hawks and the insurance company announced Aug. 29 they have reached a 20-year deal on naming rights for the arena, currently in the …

New Mexico Couple Wins $74M for Baby’s Brain Damage in Delivery

A jury has awarded a New Mexico couple $74 million in a medical malpractice lawsuit involving a son left with brain damage. The jury in late August ruled that a women’s health clinic in Hobbs, New Mexico, didn’t properly follow …