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

ALTRU Launches Miscellaneous Professional Liability Program in 11 States

ALTRU, LLC has introduced of a new miscellaneous professional liability insurance facility. The new program is an expansion on the partnership ALTRU began with Chicago Underwriting Group and Old Republic Insurance Co. in 2010 with non-profit management liability. The new …

It’s Time to Act on Trucking Safety Ideas, Says NTSB

Highway regulators have failed to act on more than 100 recommendations to improve truck safety at a time when fatalities have risen for four straight years, according to the U.S. National Transportation Safety Board. Priorities must change in 2015, with …

Tennessee Environmental Agency Sues TVA Over Coal Ash at Gallatin Plant

The Tennessee state agency charged with protecting the environment is suing the Tennessee Valley Authority (TVA) over its coal-burning power plant in Gallatin. The lawsuit, filed January 7 by the Tennessee Dept. of Environment and Conservation (TDEC), claims unlined storage …

California Wholesalers Stress Opportunity Theme at Convention

Opportunity was a theme that came up often at the annual California Wholesaler Industry Days convention from Sunday through today in La Jolla, Calif. at Hilton Torrey Pines. The three-day conference organized by the California Wholesalers Insurance Association (CIWA) included …

Michigan Orders Unlicensed Agent, Fictitious Insurer to Stop Selling Insurance

The Michigan Department of Insurance and Financial Services (DIFS) has ordered Ray Coleman, Midwest Insurance Group and RPM Insurance Group (RPM) to cease and desist from selling, soliciting or negotiating insurance policies, regulators announced. According to the DIFS order, a …

Texas Bill Would Protect P/C Agent Ownership of Expiration Rights

A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB 686 by Rep. Kenneth Sheets, …

No Contamination Detected after Ohio Refinery Explosion

No dangerous contaminants were released into the air by an explosion at an oil refinery that was felt 10 miles away and sparked a fire that burned for more than 14 hours, the Ohio Environmental Protection Agency said. Testing was …

Michigan-Based Amerisure Insurance Promotes Loss Control Executives

Amerisure Mutual Insurance Co. based in Farmington Hills, Mich., has promoted Jim Flynn to assistant vice president of loss control and Anne Marie May to regional vice president of loss control. Both Flynn and May report to Kevin Clary, Amerisure’s …

Kaufman Financial Acquires Canadian MGA Avec Insurance Managers

Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty commercial lines. Avec will become part of Burns & …

Texas Auto Injury, Fatality Crashes Rise Again in 2014

Contrary to a nationwide trend, Texas automobile crashes resulting in injuries and fatalities have risen for the past three years, the Insurance Council of Texas reports. Nationally, roadway crashes involving injuries and fatalities have been going down. Since 2011, however, …