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

NCCI Files for Workers’ Comp Rate Increase in Iowa

The National Council on Compensation Insurance Inc. has filed a workers’ compensation rate proposal in Iowa that would increase voluntary and assigned risk rates by 2.7 percent from the current rates that became effective Jan. 1, 2015, the state insurance …

Alliant Hires VanOrsdel as Employee Benefits Group VP in Maryland

Alliant Insurance Services, a specialty insurance brokerage based in Newport Beach, California, hired Reed VanOrsdel as vice president of Employee Benefits Group. VanOrsdel is based in Alliant’s Bethesda, Maryland, office. VanOrsdel will focus on business development, revenue growth, and plan …

BP Settlement May Not Resolve Louisiana Universities’ Suits

BP PLC’s $18.7 billion settlement for its 2010 oil spill may not end lawsuits filed by two Louisiana public university systems against the oil giant, a newspaper reported. Since many details are under wraps, it hasn’t been clear whether the …

Florida’s Brightway Establishes $20M Financing Agreement With SunTrust Bank

The Jacksonville, Florida-based Brightway Insurance said it received $20 million in bank financing through SunTrust Bank to help fund its national expansion. Brightway is a national property/casualty insurance agency selling through a network of franchised locations. The company started in …

Florida Commissioner McCarty Says NFIP Rates May Be Unfairly Discriminatory

Florida Insurance Commissioner Kevin McCarty said on Aug. 14 that the National Flood Insurance Program’s (NFIP) rates for Florida may be “unfairly discriminatory” and that his office will ask for the actuarial study, including data and models used to determine …

Southern California Fires Burn Structures, Stop Oil Field Operations

Crews working through the night stopped the spread of two Los Angeles County fires in Southern California that burned several structures, charred hundreds of acres of dry brush and led to the arson arrest of one person. A brush fire …

Washington Wildfires Remain Threat in Hot, Dry Weather

Crews continued their battle late Monday with several large fires threatening home in the Chelan area in central Washington. The blazes have destroyed more than 50 structures, forced about 1,500 residents to flee and scorched more than 155 square miles. …

Lightning Sparks Roughly 30 Fires in Colorado

Lightning across northwestern Colorado is suspected of sparking about 30 fires over the weekend, keeping firefighters running from one fire to another. The largest of the wildfires is the Four Mile Fire, which is burning on just over 1,000 acres …

Former California School District Admin to Get $300K Settlement

A former deputy superintendent for the Twin Rivers Unified School District in Northern California will receive $300,000, settling a lawsuit she filed against district officials after she was fired in 2012. The Sacramento Bee reported the school district, its former …

California Insurance Company Oversight Law Signed

California Gov. Jerry Brown has signed Assembly Bill 553, which establishes new oversight aimed at reducing the number of insurance company insolvencies. AB 553 was authored by Assemblyman Tom Daly, D-Anaheim, and was sponsored by Insurance Commissioner Dave Jones and …