Monthly Archives: <span>January 2016</span>

Addeo Joins Worldwide Facilities Board

National wholesale broker Worldwide Facilities said that John Addeo, the founder of three national insurance brokerage companies, will be joining its board of directors. In 2008, Addeo partnered with private equity firm Genstar to found Confie Seguros, a nationwide insurance …

Worldwide Facilities, LLC Welcomes Insurance Veteran John Addeo to Its Board of Directors

Los Angeles, CA, January 22, 2016 — Worldwide Facilities is proud to announce that John Addeo, the founder of three national insurance brokerage companies, will be joining its Board of Directors. After graduating from Manhattan College, Addeo began his career …

Swiss Re & Partners Unveil Initiative to Speed Economic Recovery After Cat Event

Swiss Re Corporate Solutions Ltd. and Veolia have joined forces, under the auspices of The Rockefeller Foundation, to launch an infrastructure recovery initiative to speed up economic recovery in the aftermath of catastrophic events for cities across the globe. The …

Stephenson to Join JLT Re’s Marine & Energy Division in London

JLT Re announced that Martin Stephenson will join its Marine and Energy Division subject to the fulfillment of his existing contractual obligations. Stephenson will work closely with the division’s head, Nick Jay, and its senior leadership, chairing the division’s management …

Experts Doubt Involuntary Flight Claim Would Help Texas ‘Affluenza’ Teen

An argument raised by lawyers for a Texas teenager known for using an “affluenza” defense in a fatal drunken-driving wreck — that he may have been taken to Mexico against his will — is unlikely to help his case, outside …

$142.5K Settlement Reached in Lawsuit over North Dakota Traffic Stop

The North Dakota Insurance Reserve Fund will pay $142,500 to settle a federal civil rights lawsuit against the Richland County Sheriff’s Office. The three men who filed the lawsuit alleged they were injured when two deputies, Dan Wise and Steve …

Oklahoma City Man Charged with Insurance Fraud

Insurance fraud charges have been filed against an Oklahoma City man, the state attorney general’s office announced. Adam Lee McHolland is accused of filing a false insurance claim stating his motorcycle had been stolen. After submitting a proof of loss …

Clark Tapped to Lead Nationwide’s Excess and Surplus Lines Business

Columbus, Ohio-based property/casualty insurer, Nationwide, announced that Tom Clark has been elected president of Nationwide’s Excess & Surplus lines business. In a planned leadership transition the company announced in 2014, Clark succeeds Mike Miller, who remains with Nationwide. Prior to …

Florida Group Calls for Transparency in McCarty Replacement Search

The Florida Association of Insurance Reform has asked Gov. Rick Scott and his Cabinet, which consists of Chief Financial Officer Jeff Atwater, State Attorney General Pam Bondi, and State Agricultural Commissioner Adam Putnam, to allow for input on the search …

Hiscox Adds Property Damage Protection to Terrorism Insurance Product

Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies offer coverage of up to $25 million for blast damage, decontamination and …