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

Eagan Insurance Agency President Named a ‘Driving Force’ in New Orleans Area

Marc F. Eagan, president of Louisiana-based Eagan Insurance Agency, has been named a “Driving Force,” a special honor given to community leaders who have made significant contributions to the New Orleans area, in particular during the 10 years following Hurricane …

TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs

Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s. Available coverages include, but are not limited to: motor truck cargo, auto physical …

North Carolina Legislators Approve Tougher Drunken-Driving Bills

North Carolina lawmakers want a tougher no-alcohol policy imposed upon more motorists permitted to drive again following an impaired-driving conviction. The House voted this week for a measure saying drivers who get their licenses restored can’t drive with any alcohol …

Juries to Decide If Uber, Lyft Drivers Are Independent Contractors

Uber Technologies Inc. and Lyft Inc. lost an early round of a fight with drivers in lawsuits that could upend the companies’ nationwide business models. The on-demand car services will need to make the case to juries why they shouldn’t …

U.S. Safety Agency Says Trinity Did Not Hide Guardrail Defects

The Federal Highway Administration rejected assertions from two guardrail-industry professionals who said Trinity Industries Inc. tried to hide defects in its roadway safety system by secretly developing a version of the shock- absorbing device less prone to malfunctioning. The FHWA …

BTIS announces launch of new Excess Rater, available in 49 states

Rocklin, CA, March 12, 2015- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of it’s new Excess Rater, now available in 49 states. The new rater has a fast, single page online submission system and …

SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area

SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global P&C, reporting to Victor Peignet, CEO of SCOR …

A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions

China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk, according to a new briefing published by A.M. Best. Titled …

Canada Proposes Tough New Oil Tank Car Standards

Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest. The announcement comes after a rash of fiery …

RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean

RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to the March 11, 2011, Tohoku, Japan …