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

Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners

Munich Reinsurance America, Inc. has launched a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster …

Florida Updates Neutral Evaluation Rules for Sinkhole Claim Disputes

New rules changing the way disputed sinkhole claims are handled in Florida as part of the state’s Sinkhole Neutral Evaluation Program have been approved and took effect July 27. The main changes to the consumer sinkhole claim dispute process include: …

West Virginia Purchases Second Drone to Assess Natural Disaster Damage

West Virginia’s Department of Transportation has purchased its second drone. The Charleston Gazette reports that the $3,500 drone will be used to help provide views of hard-to-reach or inaccessible areas. Department spokeswoman Carrie Bly says it will be used for …

Lockton Adds Forsell to Arizona Office

Lockton Cos. has named Andy Forsell as a property/casualty producer in its Phoenix, Ariz. office. Forsell joins Lockton Mountain West Series. Prior to joining Lockton, Forsell was a property/casualty consultant at Brown and Brown Insurance of Arizona. He focuses on …

Report: California Workers’ Comp Premiums Growing at Double-Digit Rates

Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau. The WCIRB recently released its “State of the California Worker’s Compensation Report,” and authors of the report on Wednesday highlighted developing …

N.J. Man Gets 3-Year Sentence for Faking Mercedes Carjacking to Get $38K

A New Jersey man who fabricated a story about being carjacked is heading to prison. Maurice Douglas received a three-year sentence on Monday, New Jersey Acting Attorney General John Hoffman said. Douglas, 42, had pleaded guilty in March to insurance …

Burns & Wilcox Brokerage Hires Moskie as VP in New York

Burns & Wilcox Brokerage hired Philip Moskie as vice president of Property Brokerage for its New York City office. Moskie brings nearly two decades of wholesale brokerage experience to the role. He most recently served as senior vice president at …

N.J. Regulators Recovered $15.7M for Consumers in Fiscal Year 2015

The New Jersey Department of Banking and Insurance (DOBI) recovered more than $15.7 million for consumers in fiscal year 2015 which ended June 30, according to an announcement today by Acting Commissioner Richard J. Badolato. DOBI recovered $15.02 million from …

N.Y. Yankees to Offer Fans Biometric Identity Service for Faster Stadium Entry

Yankee Stadium visitors soon will be able to avoid long security lines by registering their fingerprints with a biometric identity service used at 12 U.S. airports. Starting Friday night against the Toronto Blue Jays, visitors to the Bronx, New York, …

Poeton Named Sr. VP in State National’s Program Services Segment

Bedford, Texas-based State National Cos. Inc. appointed Tim Poeton senior vice president of business development in its Program Services segment. Poeton has more than 30 years of insurance and reinsurance experience. Most recently, he served as senior vice president and …