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

Hoverboard Catches Fire at Houston-Area Mall

Smoke briefly filled part of a large Houston-area shopping mall after a hoverboard caught fire. Police in the northeast Houston suburb of Humble say security staff at the Deerbrook Mall used a fire extinguisher to put out the small blaze …

Insured Loss Estimate from Texas Tornadoes at $1.2B, So Far

Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group …

Judge OKs 2 Shareholder Class Actions Against Facebook Over IPO

A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and …

NFP Acquires Vanorsdale Insurance Services in California

NFP Property & Casualty has acquired San Diego, Calif.-based Vanorsdale Insurance Services Inc. Terms of the deal were not disclosed. The firm’s president, Doug Galloway, will assume the role of director of NFP and will report to Paul Saich, California …

Massachusetts Officials Urge Drone Owners to Be Safe Over Holidays

State officials in Massachusetts are urging drone owners to fly responsibly this holiday season. The state Department of Transportation released suggested guidelines for operating the small, unmanned aircrafts this week. They say drones should not be flown over populated areas, …

Mass. Consumer Comments Highlight Concerns Over Home Insurance Rates

The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance marketplace. These consumer comments illustrate how some Massachusetts homeowners are feeling increasingly …

Norman-Spencer Agency Adds Organisciak, Promotes Norman

The Norman-Spencer Agency Inc., a national insurance provider and program administrator based in Dayton, Ohio, has added Jodie Organisciak as concrete senior underwriter and promoted Jason Norman to recreational marine senior underwriter. Organisciak has more than 10 years in the …

Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market

“We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood Insurance Conference on Dec. 9 in …

State of Emergency Declared in Missouri; National Guard Activated

In response to historic flooding in some areas of the state, Gov. Jay Nixon activated the Missouri National Guard to protect local communities and support emergency response personnel. The Guard’s responsibilities will include providing security in evacuated areas and directing …

Aspen Bermuda Limited Applies for Reinsurer Status in North Dakota

The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota. All interested parties are invited to submit written comments in connection with this application to: Edward Moody, CFE, CPA Director of …