Monthly Archives: <span>January 2015</span>

Report: High, Wide Dunes Worked During Superstorm Sandy

A study by a leading coastal science center lends new support to New Jersey’s efforts to build protective sand dunes along its 127-mile coast. The Coastal Research Center at the Richard Stockton College of New Jersey studied the state’s beaches …

Glatfelter Insurance Group Announces 2 Promotions in Pennsylvania

Glatfelter Insurance Group (GIG) in York, Pennsylvania, promoted John Solari to president of Glatfelter Underwriting Services and chief underwriting officer for Glatfelter Programs, and Jim Partridge to president of Insurance Company Operations. Both promotions were effective Jan. 1. Solari and …

Former Professional Wrestlers Sue WWE Over Concussions

Two former professional wrestlers accuse the WWE of “selling violence” while ignoring concussions that they say left them with serious brain injuries. The men, including one who performed under the name Skull Von Krush, have filed a potential class-action lawsuit …

Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises

The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said its fourth-quarter results …

HSB Introduces Technology Equipment Breakdown Coverage

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic failures. Microelectronics, with circuitry thousands of times smaller than a human …

J.M. Wilson Opens Office in South Carolina

J.M. Wilson, a managing general agency and surplus lines broker, has opened a new branch office in S.C. The office, located at 4130 Faber Place Drive, Suite 200A, in North Charleston will be led by Debbie Martinez, branch manager. It …

Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation

The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …

Arson Trial Begins over 2008 Fire at Nebraska Plant

A federal trial has begun for an Omaha, Neb., businessman accused of paying someone more than six years ago to set fire to his manufacturing plant in eastern Nebraska. A prosecutor said in his opening statement on Jan. 20 that …

Company in Ohio Overpass Collapse Had Strong Safety Track Record

Tons of concrete and steel covered the southbound lanes of a major artery in Ohio on Jan. 20 after an overpass collapse during demolition work left one worker dead, a tractor-trailer driver injured and police considering what the potential toll …

Balvin Joins Louisiana-Based Specialty Risk Associates

Specialty Risk Associates Inc., based in Shreveport, La., announced that Genie Balvin joined the firm as a commercial lines renewal underwriter. Prior to joining Specialty Risk, Balvin worked as a property/casualty field adjuster, a commercial lines CSR and as an …