Monthly Archives: <span>August 2013</span>

Cochrane & Company Combines Property, GL Coverage for Shooting Sports Program

Cochrane & Company has combined general liability and property insurance for its ARMS program for the shooting sports industry, which includes ammunition, firearms manufacturing, and all supporting specialties. The coverage is backed by a carrier rated A by A.M. Best …

Confusing Crop Insurance Rule Clarified for Midwest States

Farmers say they’re pleased with efforts by the federal Risk Management Agency to clarify rules for prevented planting insurance in five Upper Midwest states in 2014. The insurance pays farmers if their cropland is too wet or dry to plant. …

INSURICA Announces Flurry of Acquisition Activity

Oklahoma City-based INSURICA Insurance Management Network announced the acquisition of five insurance agencies since December 2012. The multi-state broker had been quiet on the acquisition front since their last major deal – the April 2011 purchase of Guaranty Insurance Services …

Ironshore Specialty Launches Simplified Excess Liability Policy Form

Ironshore Inc.’s Specialty Casualty unit has introduced a new policy form for excess liability risks to provide a more concise coverage option for insurance brokers and insureds. Ironshore’s “ExcessProtect Plus” policy form has been reduced to two pages with no …

Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes

Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on Aug. 28, according to U.S. court documents and the plaintiffs’ lawyers. …

Arkansas Researchers: Hill Climbing Tornadoes More Dangerous

New research from the University of Arkansas finds that tornadoes cause greater damage when traveling uphill – and that the twisters tend to climb toward higher elevations rather than going downhill. Engineering researchers studied images of the 2011 deadly tornadoes …

Wisconsin Law Lets Motorcyclists Ignore Some Red Lights

When John Glass of West Allis, Wis., rides his motorcycle, he carries a copy of the state statute that allows motorcyclists to drive through a red light under certain circumstances. Some motorcycles are too small to trigger the traffic sensors …

Lockton Adds 5 Associates in Charlotte Office

Insurance broker Lockton’s Charlotte, N.C. office has hired five new associates with property/casualty insurance experience and employee benefits expertise to its insurance brokerage team. Josh Binford is a new account manager, responsible for the day-to-day support of Lockton’s retirement plan …

California Fire Prompts Unhealthy Air Warnings in Nevada

The giant wildfire burning at the edge of Yosemite National Park has not only destroyed buildings and threatened water supplies, electricity and sequoias, it has also unleashed a smoky haze that has worsened air quality more than 100 miles away …

Vermont Gov. Shumlin Issues Final Tropical Storm Irene Report

Vermont Gov. Peter Shumlin released the state’s Tropical Storm Irene recovery status report during a press conference on Wednesday marking the two-year anniversary of the storm.Exactly two years after Tropical Storm Irene swept over the state, destroying homes and businesses, …