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

SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014

SIAA (Strategic Insurance Agency Alliance) said it grew premium by $901 million in 2014 to $5.7 billion, with 80 percent of its growth coming from existing member agencies. Premium growth with SIAA’s strategic partner companies was up more than $576 …

Weaver Joins Aegis Specialty Insurance Services in California

Sunnyvale, Calif.-based Aegis Specialty Insurance Services has named Brian Weaver vice president of sales. Weaver has more than 34 years of insurance sales experience. Most recently, Weaver was vice president of sales for Pacific Specialty Insurance Co. Aegis Specialty is …

Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber

Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last week, Jefferies analyst Sean Darby …

Conn. Senator Urges DOJ to Investigate Auto Insurers’ ‘Preferred’ Repair Shops

U.S. Senator Richard Blumenthal (D-Conn.) is urging the Department of Justice (DOJ) to investigate a recently aired CNN report’s allegation that auto insurers may be pressuring consumers to repair their vehicles at the insurers’ preferred repair shops. “Contrary to what …

IBTX Risk Services Opens Office in Houston

San Antonio-based independent insurance agency, IBTX Risk Services, announced it has expanded into the Houston market. IBTX will engage clients and prospects in this new market, working to expand their client base in the property and casualty, oil and gas, …

Donald Trump Withdraws Lawsuit Against Florida City Over Noise Ordinance Violations

Donald Trump has withdrawn a lawsuit he just filed against city officials in a Miami suburb over noise-ordinance violations against his resort. Trump spokesman Ed Russo was quoted by the Miami Herald last week as saying that the lawsuit was …

Insurance Department: 1-in-3 Missourians Impacted by Anthem Data Breach

The Missouri Department of Insurance reported it received new information from Anthem that shows one-in-three Missourians’ personal information was compromised during a recent cyberattack on the health insurer. More than 2 million Missourians are affected by the data breach. “This …

South Carolina City to Pay $700K to Family of Pregnant Woman Shot by Cop

The family of a pregnant woman shot and killed by a Woodruff police office will be given $700,000 to settle a lawsuit over the killing. Lacey Lamb’s family said the 28-year-old woman was trying to stop the car instead of …

City’s Refusal to Pay for Sinkhole Damage Upsets Ohio Driver

A truck owner says the city of Dayton should compensate him for sinkhole damage that left his truck inoperable. The Dayton Daily News reports that 52-year-old Mike McDonald is infuriated that the city rejected his $10,000 claim. He says the …

USI Appoints Deskins as Bond Manager for Kentucky

USI Insurance Services has added Randy Deskins to the USI MidSouth region as its bond manager. Based in the USI Louisville, Ky., office, Deskins will be responsible for managing the service delivery of surety clients and surety carrier relationships throughout …