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

South Carolina-Based Marine Insurance Agencies Merge to Form New Company

Maritime Insurance, LLC and Port City Holdings, LLC dba KSA Marine Insurance, both of Charleston, S.C., have joined to create a new entity, Maritime Insurance International. The new company combines the agencies’ experience in the marine insurance industry while expanding …

Partners Insurance Hires McDonald as Broker in Massachusetts

Partners Insurance Group LLC has hired Bernard J. McDonald V as a licensed broker and producer. McDonald is responsible for developing new business and creating customer relationships. He provides and services insurance products for personal and business clients.

Marsh Enhances D&O Difference in Conditions Coverage

Marsh has enhanced its Side A directors & officers (D&O) difference in conditions (DIC) cover Marsh Alpha in response to the new and emerging legal and regulatory risks facing directors and officers. The enhanced coverage now includes broad investigation cover, …

Judge Tosses Concussions Lawsuit Against Illinois Prep Group

An Illinois judge has dismissed the nation’s first class-action concussions lawsuit against a prep sports governing body, saying the Illinois High School Association has taken steps to make football safer and that imposing costly requirements could force some schools to …

Selective Insurance Group Reports $47M Q3 Net Income

Selective Insurance Group in Branchville, New Jersey, reported $47.0 million net income for its 2015 third quarter, down 12 percent from $53.2 million net income reported a year earlier. The third-quarter operating income, which excludes realized gains and losses on …

Superstorm Sandy: Ohio’s 6th Costliest Natural Disaster

Superstorm Sandy in late October 2013 was Ohio’s sixth costliest natural disaster in recent history from an insured loss standpoint, an insurance trade group says. Moving inland after devastating parts of the East Coast, Sandy finally dissipated on Oct. 31, …

Rate of Workplace Injury, Illness Dropped in Texas in 2014

The Texas incidence rate of nonfatal injuries and illnesses in private industry decreased to 2.4 cases per 100 equivalent full-time workers in 2014, down from 2.6 in 2013, the Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced. The …

Wildfires Threat in Texas Increased Over Past 15 Years

Larger, more threatening wildfires are occurring at greater rates as Texas faces lingering drought, consistent development — driven by millions of new residents and the spread of outlying suburbs — and changes in how the state’s land is used. Texas …

State Auto’s Restrepo Honored with Lifetime Achievement Award

The Griffith Insurance Education Foundation announced that Robert P. Restrepo Jr., chairman of Columbus, Ohio-based State Auto Insurance Cos., received its 2015 Lifetime Achievement Award during a ceremony at the Property Casualty Insurers Association of America’s (PCI’s) annual meeting. Candidates …

3 Years After Sandy, Thousands of Storm Survivors Still Can’t Go Home

Three years ago, Superstorm Sandy slammed the New Jersey shore, destroying homes, splintering boardwalks, wrecking businesses and displacing thousands of people. Three years later, several thousand still cannot get back home due to bureaucratic red tape with government aid programs, …