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

Minnesota Lawmakers Expected to Debate Rideshare Insurance Gap

Minnesota lawmakers could decide whether to regulate the ride-hailing industry this year. House and Senate legislators say they plan to introduce bills soon to toughen insurance regulations for companies like Uber and Lyft. That would add Minnesota to the growing …

Lyft Joins Uber in Getting Final OK for Pennsylvania Service

Pennsylvania’s regulators say they’re satisfied with the plan by the ridesharing service Lyft to comply with conditions for a two-year license for experimental service to operate everywhere in the state except Philadelphia. The Pennsylvania Public Utility Commission said Thursday that …

Minnesota Supreme Court Upholds Breath Test Refusal Law

The Minnesota Supreme Court has upheld a state law making it illegal for suspected drunken drivers to refuse a breath test. The high court rejected a man’s claim that the law violated due process by preventing him from refusing an …

Coverys Launches Excess & Surplus Lines Company

Coverys, a Boston-based provider of medical professional liability insurance and related services, announced the creation of Coverys Specialty Insurance Company, a new excess and surplus lines underwriting company. The New Jersey-domiciled Coverys Specialty’s offering will round out Coverys’ suite of …

Palomar Specialty, Wellington to Launch Wind Insurance Product in Texas

Palomar Specialty Insurance Co., based in La Jolla, Calif., has partnered with Fort Worth-based Wellington Risk Insurance Agency Inc. (Wellington), to offer wind-exposed residential property insurance in Tier II counties in Texas. This represents Palomar Specialty’s first expansion product category …

Outlook Revised to Stable for Illinois Casualty Co.

A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and issuer credit rating (ICR) of Illinois Casualty Co. (Illinois Casualty) in Rock Island, Ill., while affirming the FSR of B++ (Good) and the …

Insurers Brace for Claims as More Snow Expected to Hit Storm-Weary Boston

Since the first winter storm hit Boston at the end of January, the city has removed over 10,000 truckloads of snow after a record six feet of snowfall in the last 30 days — breaking the previous record of 58.5 …

Specialty Insurance Group, Reel Media Partner on Entertainment Segment Offerings

Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments. The agreement combines the underwriting capabilities of both SIG and Reel Media with the established …

Essary Named Exec. Director of Surplus Lines Stamping Office of Texas

Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of distinguished service. For the …

Texting-While-Driving Bill Moves Forward in Oklahoma

A measure aimed at curbing the dangerous trend of texting while driving easily passed out of an Oklahoma House committee, the bill’s author reports. House Bill 1965, by state Rep. Terry O’Donnell, strengthens language aimed at preventing texting while driving, …