National News

National Interstate Forms Captive for Towing & Recovery Industry

National Interstate Insurance Company, a specialty property and casualty transportation insurer, has launched TowCap Premier, a group rental captive designed exclusively for the towing and recovery industry. National Interstate will market TowCap Premier directly through retail brokers, and is currently …

Brit Global Specialty USA Adds Arch’s Hartman to Construction Practice

Brit Global Specialty USA has appointed Rich Hartman as senior vice president, Construction Professional. Hartman brings 35 years of experience in the insurance industry. Most recently he spent more than six years at Arch Insurance Group, where he led the …

Change at Top at AmWINS: Purviance to Take Over DeCarlo’s CEO Role

Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company’s chief executive officer, effective May 1, 2018. DeCarlo, who has served as CEO of AmWINS since joining in December 2000, will …

Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report

Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …

Ascent Launches Allied Health Professional Liability Product

Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a combination of cyber cover, regulatory billings coverage and medical liability insurance …

Number of Americans Without Health Insurance Rose by 3 Million in 2017: Gallup

The number of Americans without healthcare insurance rose by 3.2 million people between 2016 and 2017, or 1.3 percentage points to 12.2 percent, according to a Gallup poll released on Tuesday, the biggest jump in the uninsured rate in nearly …

Backers Call for Restarting Stalled Bipartisan Bill to Speed Autonomous Vehicles

Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements. The U.S. House of Representatives in September unanimously …

Supreme Court Agrees to Weigh Damages for Overseas Patent Infringement

The U.S. Supreme Court last Friday agreed to review a bid by Schlumberger NV, the world’s largest oilfield services provider, to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas. The case involves …

EIURS Adds Marine Energy Unit to Energy Division

Energy, Industrial & Utility Risk Solutions (EIURS), a division of DUAL Commercial, has expanded its Energy Division with the addition of a new marine energy unit. The new unit will be headed by Michael Jacobs. The Marine Energy unit will …

E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty

Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance Group, which has …

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