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

Severe Thunderstorms Leave 5 Dead, 200K Without Power in East

Severe thunderstorms packing strong winds swept through a number of Eastern states, killing five people, destroying or damaging numerous houses and leaving nearly 200,000 without power Wednesday, officials said. In central New York, four people died after the storms hit …

New Specialty Insurance Group to Target Sports, Entertainment Markets

Specialty Insurance Group (SIG) has been launched by three specialty and risk insurance veterans, Greg Mosher, David Harris and Lowery Robinson, to provide custom programs for the needs of the sports, leisure and entertainment markets. The SIG team’s product portfolio …

Lighthouse Property Insurance Launches Dwelling Fire Product in South Carolina

Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied home. Optional personal liability coverage and the ability to …

Duke University in Trademark Shootout with John Wayne Family

Bloomberg John Wayne Enterprises LLC, a family business set up to protect rights associated with the late movie actor, asked a federal court to declare that its trademarks don’t infringe those of Duke University. In a complaint brought July 3 …

Grinnell Mutual Names Menary Executive VP, Line Operations

Jeff Menary has been appointed executive vice president of line operations at Iowa-based Grinnell Mutual Reinsurance Co. Line operations include direct underwriting/production, direct claims, reinsurance and crop hail. Menary has served in leadership roles at the company for more than …

Florida Sheriff’s Office Pays $1.15M in Wrongful Death

The Pinellas County Sheriff’s Office has paid $1.15 million to the estate of a mentally ill woman who died in her jail cell. Sheriff Bob Gualtieri told the Tampa Bay Times that 50-year-old Jennifer DeGraw should have never been arrested. …

Liberty Mutual Expands Large, Global Property Risk Unit; Adds 5 Underwriters

Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters. The unit provides ground-up, shared and layered, inland marine and equipment breakdown coverages. …

FERMA Agrees to Plan for European Certification of Risk Managers

The general assembly of the Federation of European Risk Management Associations (FERMA) announced that it has agreed a framework and funding to create European certification for risk managers. “The program will provide certification of the professional competences and experience of …

No El Nino Yet But Chances Remain High: U.S. Climate Center

A weather-changing El Nino has yet to develop in the Pacific Ocean, according to government forecasters are who maintaining a “watch” initiated in March. The chances that the warming of the equatorial Pacific will form in the next two months …

New Specialty Insurer SIG Targets Sports, Entertainment Risks

Three specialty and risk insurance veterans have launched Specialty Insurance Group (SIG) to provide custom programs for the sports, leisure and entertainment markets. The new Indianapolis-based firm is a member company of Everest Re Group Ltd. SIG’s target programs include …