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

Ohio Sees Drop in Fatal Motorcycle Crashes

Motorcycle fatalities in Ohio have dropped by 21 percent since 2010, according to state statistics. Statistics show 133 motorcycle fatalities last year; 163 in 2012; 166 in 2011; and 168 in 2010. So far this year there have been 28. …

Federal Oil Well Inspections Lag in Dakotas

Federal oilfield inspectors are hustling to clear a backlog of hundreds of uninspected well sites on public and tribal lands in North Dakota, amid the explosion of drilling activity. The Bureau of Land Management, which oversees drilling on federal land, …

Florida Private Flood Bill Now Law But Market May Take a While to Develop

Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in the near future. The legislation creates a statutory …

California Wildfire Evacuations Lifted, as Containment Rises

Evacuation orders were lifted Monday evening after firefighters made significant progress containing 50 percent of a smoky mountain wildfire west of a lake near Bakersfield, officials said. The blaze has destroyed three houses, damaged another and forced hundreds to flee …

K&K Launches New Program for Bowling Centers

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program with enhanced coverage options for bowling facilities. The bowling center program provides coverage for bowling operations and associated exposures, including arcade/video games, food concessions, liquor exposure, …

Weather Service Confirms South Carolina Tornado

The National Weather Service has confirmed that a tornado touched down for a mile-and-a-half in Orangeburg County earlier this week. The Times and Democrat of Orangeburg said the tornado, with winds of up to 85 mph, touched down near Bowman …

House Panel Unveils TRIA Extension Bill

Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of the Insurance and Housing Subcommittee, the …

Ironshore Canada Enters Commercial Property Market for Sector Specific Risks

Bermuda-based Ironshore Canada has announced its entry into the Commercial Property Market with capacity that enhances its existing suite of specialty products available in the Canadian region. “Ironshore Canada has licensed approvals to provide property coverage products to select, specialty …

ImageCat Teams with CoreLogic for Data Analysis to Reduce Underinsurance

US and London-based risk management company ImageCat has flowed up its successful launch of “inhance” with a new partnership with the global property information, analytics and data services provider CoreLogic, which it said would “allow re/insurers to reduce significantly the …

Ozay to Take Over from Gurkan as CEO of Aon Benfield Turkey

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that Servet Gurkan, Chairman and CEO of Aon Benfield Turkey, plans to retire and will leave the firm on July 1st. Ferhan Ozay will take over as …