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Monarch Names Neville Senior Underwriter in California

Fri, 10/24/2014 - 14:38

Monarch E&S has named Deb Neville a senior commercial lines underwriter in its San Diego, Calif. branch office. Neville has extensive commercial lines experience and has been working in the excess and surplus lines industry for 35 years. Most recently Neville had …

The article Monarch Names Neville Senior Underwriter in California appeared first on Insurance Journal.

12 Articles on Ebola Risk and Insurance

Fri, 10/24/2014 - 12:55

1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not expect this outbreak of …

The article 12 Articles on Ebola Risk and Insurance appeared first on Insurance Journal.

Various Insurance Lines Could Potentially Be Affected by Ebola

Fri, 10/24/2014 - 12:30

As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive vice president at …

The article Various Insurance Lines Could Potentially Be Affected by Ebola appeared first on Insurance Journal.

W.R. Berkley’s Q3 Net Income Rises 37% to $189M

Fri, 10/24/2014 - 10:59

W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1.525 billion, …

The article W.R. Berkley’s Q3 Net Income Rises 37% to $189M appeared first on Insurance Journal.

Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit

Fri, 10/24/2014 - 10:56

A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

The article Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit appeared first on Insurance Journal.

GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans

Fri, 10/24/2014 - 10:54

A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

The article GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans appeared first on Insurance Journal.

Kansas Contractors Struggle to Find Skilled Workers

Fri, 10/24/2014 - 10:35

A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 Kansas firms that responded to an Associated General Contractors survey said they’re having a hard time finding project …

The article Kansas Contractors Struggle to Find Skilled Workers appeared first on Insurance Journal.

Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City

Fri, 10/24/2014 - 10:29

Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to permanently conduct business in the city. Lyft officials said that the drivers will stop working for up …

The article Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City appeared first on Insurance Journal.

Ohio Workers’ Comp Bureau: Rates for Local Governments Falling

Fri, 10/24/2014 - 10:25

Ohio public employers applauded an average 9.1 percent reduction in workers’ compensation rates for local governments that was approved by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors. The new rates covering 3,800 cities, counties, townships, villages, schools …

The article Ohio Workers’ Comp Bureau: Rates for Local Governments Falling appeared first on Insurance Journal.

Big Money Spent on South Dakota Doctor Choice Ads

Fri, 10/24/2014 - 10:22

Activists on both sides of the “any willing provider” ballot measure that would give South Dakota patients more choice of in-network doctors say the issue is too complicated for sound bites, but have still spent more than $560,000 on television …

The article Big Money Spent on South Dakota Doctor Choice Ads appeared first on Insurance Journal.

$28M Verdict Upheld in Wyoming Carbon Monoxide Case

Fri, 10/24/2014 - 10:15

A federal judge has upheld a jury’s $28.2 million damage award to a woman who suffered a permanent brain injury from carbon monoxide poisoning due to a faulty furnace in the apartment she was renting in Casper, Wyo. Amber Lompe …

The article $28M Verdict Upheld in Wyoming Carbon Monoxide Case appeared first on Insurance Journal.

Montana Jury Awards $4.3M in Train Crash Lawsuit

Fri, 10/24/2014 - 10:12

A Cascade County, Mont. jury has awarded $4.3 million in damages to a BNSF Railway employee who was injured in a July 2011 train collision caused by a switching error. The Great Falls Tribune reported conductor Michael Schnittgen was injured …

The article Montana Jury Awards $4.3M in Train Crash Lawsuit appeared first on Insurance Journal.

Ford Appointed to Texas FAIR Plan Governing Committee

Fri, 10/24/2014 - 09:42

Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) Governing Committee. The commissioner also reappointed Georgia Neblett of Port Aransas, Ronald Lawson of Allen, and Edward Sherlock of Beaumont …

The article Ford Appointed to Texas FAIR Plan Governing Committee appeared first on Insurance Journal.

Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash

Fri, 10/24/2014 - 09:38

Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to reach the passenger door of his tractor trailer. Staley had been heading north on Interstate 35 near Davis, Okla., …

The article Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash appeared first on Insurance Journal.

Cocaine Residue Found on Arkansas Man’s Insurance Card

Fri, 10/24/2014 - 09:30

Jonesboro, Ark., police have arrested a man who they say handed an officer an insurance card covered in cocaine residue during a traffic stop. The Jonesboro Sun reports 31-year-old Shannon Ray of Jonesboro was charged with several drug charges. Officer Blake …

The article Cocaine Residue Found on Arkansas Man’s Insurance Card appeared first on Insurance Journal.

Donegal Group’s Q3 Net Income Rises 14% to $8.7M

Fri, 10/24/2014 - 09:26

Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.840 …

The article Donegal Group’s Q3 Net Income Rises 14% to $8.7M appeared first on Insurance Journal.

XL North America P/C Names Nadeau As Chief Operating Officer

Fri, 10/24/2014 - 08:19

XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …

The article XL North America P/C Names Nadeau As Chief Operating Officer appeared first on Insurance Journal.

Allianz Realigns Industrial Management, Launches Mid-Corporate Line

Fri, 10/24/2014 - 08:05

Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size companies under …

The article Allianz Realigns Industrial Management, Launches Mid-Corporate Line appeared first on Insurance Journal.

Mississippi County Expects Insurance to Cover $165K Embezzlement

Fri, 10/24/2014 - 07:34

Officials in Adams County, Mississippi are expecting an insurance policy to cover the $165,000 allegedly embezzled from its juvenile justice center. Board of Supervisors Attorney Scott Slover tells The Natchez Democrat the insurance should cover 100 percent of the loss. …

The article Mississippi County Expects Insurance to Cover $165K Embezzlement appeared first on Insurance Journal.

Chubb Reports ‘Outstanding’ Q3

Fri, 10/24/2014 - 07:04

Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm’s CEO said was an “outstanding” third quarter. The New Jersey-based insurer reported that net income in the third quarter of 2014 …

The article Chubb Reports ‘Outstanding’ Q3 appeared first on Insurance Journal.

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