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

Judson Announced as Massachusetts’ New Insurance Commissioner

Massachusetts’ Executive Office of Housing and Economic Development (EOHED) announced Monday that Daniel R. Judson has been appointed by Gov. Charlie Baker as the state’s new insurance commissioner. The appointment is effective immediately, according to EOHED.

Geico to Add More Than 300 Associates in Long Island, N.Y., This Year

Giant auto insurer Geico said Monday it is hiring more than 300 associates in 2015 to add to its office in Woodbury, located in Long Island, New York, as well as for legal offices located throughout Long Island, New York. …

Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage

The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp. Damage in India could cost an additional $800 …

North Texas Hit with Tornadoes, Large Hail

The National Weather Service said as many as 12 tornadoes and hail the size of softballs pounded portions of north Texas overnight. The storms turned violent beginning near Rising Star in Eastland County and proceeded eastward for about 100 miles. …

Seasonal Tornado Forecasts Being Developed by Oklahoma Researchers

Weather researchers in Oklahoma are working on a method to develop seasonal tornado forecasts that could predict the likelihood of the severe storms weeks in advance. Harold Brooks, senior research scientist at the National Oceanic and Atmospheric Administration’s National Severe …

Makers of Sanitary Wipes Sued by Minnesota City over Clogged Pipes

A Minnesota city is suing six makers of sanitary wipes, saying their “so-called flushable wipes” are clogging sewer systems. According to the Star Tribune, the lawsuit from the city of Wyoming says flushable wipes stay intact long enough to pass …

Grove Named Sr. VP- Business Development at Safety National

St. Louis, Mo.-based Safety National Casualty Corp. has appointed Tom Grove to the position of senior vice president – business development. In his new role, Grove is responsible for leading Safety National’s business development, broker relations and sales functions. Grove …

Change to Michigan Auto Insurance Bills Requires $100 Premium Cut

The Republican-led House will consider legislation that would cut auto insurance premiums in Michigan by $100 annually for two years and no longer let health providers charge car insurers much more to treat injured motorists than health plans are billed. …

Ramsey Appointed to Oklahoma CompSource Board

A former state representative and director of a statewide Oklahoma independent insurance agents group has been appointed to the board of director of the insurance company for the state’s workers’ compensation system. Gov. Mary Fallin has appointed Dan Ramsey to …

Brand Damage, Financial Head Aon’s Survey of Top 10 Global Risks

Aon Risk Solutions, the global risk management business of Aon plc, has unveiled the key risks as identified by its clients across the globe. Cyber risk made the list for the first time in the No. 9 spot, which the …