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

Aspen MGA Entering Texas Private Passenger Auto Market

Aspen Managing General Agency (MGA) announced it is entering the Texas private passenger auto market on March 1, 2016, led by industry veteran Paul Harrison. Aspen MGA is a division of Allstar Financial Group, an Atlanta-based holding company with multiple …

Report: Lawsuit Settlements Reach $34M for Small Group of Chicago Cops

A group of 124 Chicago police officers has cost the city $34 million in misconduct settlements since 2009, according to a newspaper report. While the officers represent a fraction of the police force’s roughly 12,000 officers, they are identified in …

For 1st Time in Months Midwest Economic Forecast Figures Rise

January results from a survey of supply managers in nine states in the Midwest and Plains suggest some improvement in the regional economy, but the conditions apparently didn’t engender much optimism from those surveyed, according to a report released on …

N.Y. Gov. Announces 3 Appointments to Department of Financial Services

New York Gov. Andrew M. Cuomo has announced three appointments to the state Department of Financial Services. These appointments follow Cuomo’s recent nomination of Maria Vullo to serve as the superintendent of DFS. Matthew L. Levine has been appointed executive …

Hoverboard Found in Northern California County House Fire

Alameda County, Calif. fire officials say a hoverboard was found in the area where a fire sparked at a San Leandro home. KRON-TV reported that firefighters responded over the weekend to reports of a fire at a two-story home. No …

Heffernan in California Names Dewey Vice President

Walnut Creek, Calif.-based Heffernan Insurance Brokers has named Christopher Dewey vice president. Dewey joined Heffernan in 2008 in the small business division, and was promoted to Heffernan’s large commercial division in 2009. Heffernan has California offices in San Francisco, Petaluma, …

State Farm Introduces Ridehsare Coverage in Colorado

State Farm will offer customers a new endorsement in Colorado to cover insurance gaps for policyholders who use personal vehicles to provide rides for transportation network companies like Uber and Lyft. The optional ridesharing endorsement is available beginning Feb. 8. …

Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover

Shariah compliant managing general agent Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the product with Lloyd’s capacity provided by Syndicate 2084, the Shariah compliant …

Alliant Names Heffernan Executive Vice President in California

Alliant Insurance Services Inc. has named Michael Heffernan executive vice president in its construction services group. Heffernan will be responsible for Alliant’s construction operations in San Jose, Calif. He will manage all risk advisory activities associated with key accounts. Heffernan …

Arthur J. Gallagher Names Cavaness to Replace McGurn as Head of U.S. Wholesale Business

Arthur J. Gallagher & Co. announced a leadership transition in its U.S. wholesale brokerage business, Risk Placement Services (RPS). The international brokerage firm said David E. McGurn Jr., current RPS chairman, who has been with Gallagher since 1978, is stepping …