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

PCI Backs Ride Sharing Rules in Columbus, Wants Chicago to Wait

A property/casualty insurance trade group is supporting proposed ride sharing regulations in Columbus, Ohio, but is urging the city council in Chicago, Ill., to delay action on proposed rules in that city. The Property Casualty Insurers Association of America (PCI) …

The Insurance Implications of Google’s Self-Driving Car

Google has announced a truly “driverless” car that lacks a steering wheel, brakes or anything else that allows a driver to control its movements. This actually strikes me as a much bigger deal for the insurance industry than the optionally …

Vertafore Unveils New Cloud-Based Technology for Insurance Agencies

Vertafore, an insurance software provider, has upgraded its entire portfolio of agency systems for small, mid-size and enterprise insurance agencies. The Sagitta 2014, Vertafore Agency Platform 2014 and AMS360 2014 systems incorporate the latest in cloud, data, mobile and automation …

N.J. Insurance Commissioner Alerts Consumers on Car-Sharing Services

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski alerted consumers to the potential loss of insurance coverage in connection with popular business activities known as car-sharing or Transportation Network Companies (TNC) provided by online firms such as Lyft, …

Michigan’s Amerisure Insurance Promotes McBride, O’Rourke

Amerisure Mutual Insurance Co., based in Farmington Hills, Mich., has promoted Angela McBride to chief administrative officer and Shawn O’Rourke to chief technology officer. Both report to Greg Crabb, president and CEO of Amerisure. McBride assumes responsibility of corporate services, …

New York DFS Issues Bulletin Urging Auto Insurers to Adopt Telematics Programs

New York’s Department of Financial Services (DFS) issued a bulletin to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary programs, consumers can install “telematics” devices in their cars that – with the …

FirstComp Launches Small Business BOP Product in Hawaii

FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Hawaii. The BOP product is also available in Arkansas, California, Michigan, Nebraska, North Carolina, Pennsylvania, Tennessee, …

Robinett Joins Aon Risk Solutions in Dallas

Aon Risk Solutions, the global risk management business of Aonplc, has added Lori Robinett to its Dallas office as senior vice president and brokerage practice leader for the construction services group. Robinett will concentrate on serving clients undertaking major construction …

North Dakota Tornado Tears Through Oil Patch, Injures 9, Destroys Trailers

Investigators headed to western North Dakota on May 27 to assess the strength of a tornado that injured nine people, including a 15-year-old girl who suffered critical injuries, and damaged or destroyed 15 trailers at a workers’ camp in the …

Massachusetts Carpenters’ Union Goes After Water Park Developer

Unionized carpenters in Massachusetts want the state to rescind a 20-year tax increment financing deal to the developer of a water park and resort in Fitchburg, Mass. The New England Regional Council of Carpenters says Wisconsin-based Great Wolf Lodge failed …