Tidewater Insurance Associates, Inc. Tidewater Insurance Associates, Inc.
Tue, 16 Jul 2019 22:15:00 +0000
Markel Corp. appears on the way to settling with two former employees who sued over unpaid bonuses after they were dismissed for allegedly having a personal relationship that Markel said violated company policy. The company said it has settled one …
Tue, 16 Jul 2019 21:43:41 +0000
EPIC Insurance Brokers and Consultants has added Luke Aschermann as a client manager, Norma Brehm as a property/casualty claims manager and Belinda Lopes as a principal/senior client advocate. All join EPIC in Phoenix, Ariz. from Willis Towers Watson. ...
Tue, 16 Jul 2019 21:17:09 +0000
Catastrophe modeling firm, Karen Clark & Company (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate...
Tue, 16 Jul 2019 16:56:00 +0000
Even though Tropical Depression Barry did not unleash catastrophic flooding in Louisiana, many across the Gulf Coast were urged to take heed of tornado and flash-flood warnings Monday as the storm moved north. Barry was downgraded from a tropical storm …
Tue, 16 Jul 2019 16:44:44 +0000
In a letter sent to U.S. Senate leaders in early July, North Dakota Insurance Commissioner Jon Godfread, urged lawmakers to take action on the issue of surprise bills from air ambulance providers. Godfread wrote to Senate leaders Mitch McConnell (R-KY) …
Tue, 16 Jul 2019 16:32:33 +0000
Fidelis Group Holdings LLC (FGH), with its subsidiary Continental Underwriters Ltd. (CU) and Fidelis Claims Service LLC (FCS), has hired Mark Taylor as senior manager of its Claims Division. Taylor will provide additional leadership to FCS and will be ...
Tue, 16 Jul 2019 16:20:43 +0000
Holmes Murphy has added Brooks Deibele as regional market Leader for the company’s growing Minneapolis Employee Benefits team. Deibele joins Holmes Murphy from Blue Cross Blue Shield (BCBS) of Minnesota, where he rose from vice president of Group Marke...
Tue, 16 Jul 2019 16:03:00 +0000
Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas (SLTX). Through the first …
Tue, 16 Jul 2019 16:01:13 +0000
Even after illegally promoting opioid painkillers to reap billions of dollars in profit over the past two decades, Johnson & Johnson has accepted “zero responsibility” for its central role in fueling a public-health crisis, Oklahoma’s top law-enforceme...
Tue, 16 Jul 2019 15:55:53 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has added Matt Lewton as transportation underwriter and Tyler Arens as assistant transportation underwriter in its Carmel, Indiana, office. Lewton is responsible for underwriting new and re...
Tue, 16 Jul 2019 15:37:16 +0000
The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain’s prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. The three-year Brexit crisis …
Tue, 16 Jul 2019 15:18:05 +0000
Premera Blue Cross, the largest health insurer in the Pacific Northwest, has agreed to pay $10 million to 30 states following an investigation into a data breach that exposed confidential information on more than 10 million people across the country. …
Tue, 16 Jul 2019 15:13:02 +0000
California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt …
Tue, 16 Jul 2019 15:03:27 +0000
State Farm Mutual Automobile Insurance Co. will cut its rates in Hawaii for the third time in two years, the company announced. As a result, its overall personal auto rate will drop by 2.6 percent. The total state-wide expected impact …
Tue, 16 Jul 2019 14:59:15 +0000
A New Jersey judge has ruled that a lifeguard who collided with a woman as he ran to cover a vacated lifeguard stand is protected by state’s Good Samaritan Act. The woman had sued North Wildwood, its beach patrol and …
Tue, 16 Jul 2019 14:56:41 +0000
Integrated Specialty Coverages has acquired Carlsbad, Calif.-based Safebuilt Insurance Services and all of its affiliates. ISC is sponsored by an investment vehicle managed by Two Sigma’s Sightway Capital. Terms of the deal were not disclosed. ISC was ...
Tue, 16 Jul 2019 14:52:55 +0000
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards. From farms to feed mills to transport, …
Tue, 16 Jul 2019 14:48:00 +0000
The Hilb Group LLC (THG) has acquired Pennsylvania-based Greenwald Berk Agency LLC (GBA). The transaction became effective July 1, 2019. GBA offers a full spectrum of business insurance, personal insurance and life/health products and services. This ac...
Tue, 16 Jul 2019 14:43:31 +0000
Associated Mutual Insurance Cooperative of New York has hired Edward W. Scannell III as vice president of Underwriting. Scannell has more than 35 years of experience in the property and casualty industry as an underwriter, profit center head, agency ow...
Tue, 16 Jul 2019 14:33:49 +0000
Everest Insurance announced the addition of Joshila Tailor as the global head of Fine Art and Specie for Everest Insurance International, which includes Everest Insurance Ireland DAC and Lloyd’s Syndicate 2786. Tailor brings over 20 years of industry e...
Tue, 16 Jul 2019 14:22:06 +0000
DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into a retrospective quota share reinsurance agreement with Protector Forsikring, the Norwegian insurance company. DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und...
Tue, 16 Jul 2019 13:33:09 +0000
Brown & Brown Metro LLC has acquired substantially all of the assets of Innovative Risk Solutions Inc. Innovative Risk Solutions was founded in 2004 by sole shareholder Sean Gormley with the goal of providing employee benefits for Innovative’s customer...
Tue, 16 Jul 2019 13:05:13 +0000
The workers’ compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals. According to a Fitch Ratings report, the industry’s statutory combined ratio fell to 86% in 2018,...
Tue, 16 Jul 2019 12:53:02 +0000
Have you been to the Reinsurance Rendezvous in Monte Carlo? What would you tell someone thinking of going for the first time about the experience? Carrier Management is looking to compile stories and advice from professionals who have been to …
Tue, 16 Jul 2019 12:28:20 +0000
The company that brought you free digital maps and email wants to do the same thing for your drone. Wing LLC, an offshoot of Alphabet Inc.’s Google, on Tuesday unveiled a new app it calls OpenSky that it hopes will …
Tue, 16 Jul 2019 09:08:35 +0000
The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some of the industry challenges cited by Jon Dye, chief ex...
Tue, 16 Jul 2019 05:50:52 +0000
Chubb has added small business insurance to cover risks faced by the food service industry to its digital platform – the Chubb Marketplace, which features a suite of products for businesses with up to $30 million in revenue. According to …
Tue, 16 Jul 2019 05:44:31 +0000
A Florida appellate court ruled that the state’s approach to regulating marijuana is unconstitutional, possibly allowing more providers to jump into a market positioned to become one of the country’s most lucrative. If the ruling stands, it could force...
Tue, 16 Jul 2019 05:37:39 +0000
Law enforcement officers in five southern states are planning a crackdown on speeding motorists next week. State troopers and local officers in Alabama, Georgia, Florida, South Carolina and Tennessee are participating in a speed enforcement campaign ca...
Tue, 16 Jul 2019 05:00:51 +0000
Children living in states with strict firearm laws are less likely to die from gun violence than those in states with more lax restrictions, according to a study in Pediatrics published Monday. The more rigorous the rules, the lower the …