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

CNA Names Middleton Business Development Leader For Los Angeles

CNA Financial Corp. has named Chris Middleton business development leader in Los Angeles. Middleton is responsible for leading the execution of distribution management and sales initiatives. Middleton has more than 14 years of experience, including a period in business development …

United Insurance Acquires Shiretown Agency in Maine

United Insurance, an independent insurance agency headquartered in Falmouth, Maine, announced the acquisition of the Shiretown Agency in Farmington, Maine. Terms of the transaction were not disclosed. United Insurance has 16 Maine locations and one in Rochester, New Hampshire. The …

Metromile Insurance Option for Uber Drivers Approved by California Commissioner

California Insurance Commissioner Dave Jones has approved a filing that will enable Uber drivers purchasing coverage through Metromile to add a new coverage endorsement to their personal auto policy. That endorsement will provide insurance coverage during the pre-match period when …

California Opens Fast Lane to Approve TNC Insurance Products

The California Department of Insurance has approved the state’s first private passenger auto policy endorsement specifically crafted to cover drivers for transportation network companies like Uber and Lyft. Coming just 77 days after the CDI signaled it was prepared to …

Delaware OKs Decreases in WC Voluntary Loss Cost, Residual Market Rate

Delaware Insurance Commissioner Karen Weldin Stewart today announced the approval of the Delaware Compensation Rating Bureau’s (DCRB) workers’ compensation amended rate filing, resulting in overall average decreases of 9.7 percent in the residual market rate and 11.5 percent in the …

Court Says Directors Liable for Poorly Managed Companies

A decision this week from U.S Court of Appeals in Philadelphia provides good reason for directors to resign from poorly managed companies to avoid personal liability, even if someone else is making the mistakes. The case indirectly stands for the …

P/C Insurance Pros Under Pressure to Predict Super Bowl Scenarios

Property/casualty insurance professionals are being asked to predict not only the winner of the 2015 Super Bowl this Sunday but also whether certain scenarios are likely to occur. Such as whether Seattle Seahawks running back Marshawn Lynch’s total yardage in …

N.J. Official: State’s Ailing Roads, Bridges Costing Drivers Billions of Dollars

In the wake of the partial closure of a heavily traveled bridge in northern New Jersey last week, the state’s Transportation Commissioner Jamie Fox warned that the state’s failing roads and bridges cost drivers billions of dollars as the state …

XL Group Introduces New Excess Executive Liability Form

XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive of XL Group’s Global Professional team, potential defense costs …

Willis North America Appoints Peiser Head of Casualty Broking

Willis North America announced the appointment of Joe Peiser as head of Casualty Broking. In this newly created role, Peiser will be responsible for the strategic direction of Willis North America’s casualty insurance offerings including workers’ compensation, primary and excess …