Monthly Archives: <span>April 2014</span>

Democrats Seize on Koch Brothers, Republican Opposition to Flood Insurance

17 Apr 2014 09:00 Democrats are exploring a new attack line against the Koch brothers and Republican allies, telling voters the billionaire energy executives want to let home flood insurance premiums soar to help corporate America. It’s a potentially potent …

Starr Receives Listing as Approved Surety from U.S. Treasury

Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime & Fidelity product offerings. With the Treasury listing, Starr …

N.J. Roofing Co. Exec Admits to Misleading Its Workers’ Comp Carrier

Authorities said the president of a roofing company in New Jersey pleaded guilty to providing false and misleading information to the company’s workers’ compensation carrier in order to avoid paying hundreds of thousands of dollars in insurance premiums that he …

On Anniversary of Texas Fertilizer Explosion, Families Seek Balance

Families of the 15 people killed in a massive explosion at a Texas fertilizer plant have spent the year since the blast navigating the difficult balance between moving forward and digging for answers from the past. Many of them filed …

Arkansas Kicks Off $2B Highway Improvement Program

State transportation officials marked the start of a nearly $2 billion construction program to improve and widen roadways in a ceremony on April 16 in Little Rock. The event officially kicked off the department’s Connecting Arkansas Program, a $1.8 billion …

Ohio Warning Rideshare Drivers About Insurance Risks

Ohio is warning drivers considering work with a ridesharing service such as Uber or Lyft to understand the insurance implications. Rideshare companies operating in Columbus, Cincinnati and Cleveland use smartphone apps to connect potential passengers with drivers using their personal …

Farmers Insurance Expects $75M in Claims from Midwest Storms

A system of severe weather moving through multiple Midwest states in early April brought tornadoes, hail, severe winds and flooding in Illinois, Kansas, Missouri and Texas. Farmers Insurance estimates that its expected claims volume from these states will total approximately …

ProHost, XL Group Partner on Restaurant Insurance Package

ProHost USA, a Minneapolis, Minn.-based national program administrator specializing in restaurant insurance for 25 years, announced it is partnering with XL Group to provide packaged insurance coverages for fine dining and family restaurants. The exposures faced by high-end restaurants include …

Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives

Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new dormant status establishes an efficient mechanism and an option for captives that …

Students at 5 Texas Universities Receive Insurance Council Scholarships

Twenty four insurance and risk management students at five Texas universities were recently awarded academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend Huston-Tillotson University, Texas Southern University, the University of Texas Pan American, the …