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

Senn, Ex-CEO of Zurich Insurance, Commits Suicide

Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own life. Senn, 59, shot himself at his …

RIC Taps Kaneko and Clansen in California

RIC Insurance General Agency Inc. has named Garett Kaneko senior vice president of sales and marketing and Tom Clansen vice president of commercial lines. Both will be based in California. Garett will work out of RIC’s headquarters in Santa Rosa …

EPIC Names Tan Surety Manager in Northern California

EPIC Insurance Brokers and Consultants has named Nick Tan surety manager. Tan will be based in EPIC’s San Ramon, Calif. construction services practice and report to Brian Quinn, regional director of property/casualty. Tan will be responsible for providing surety consulting …

XL Catlin Adds Rectification Expense Coverage to Contractors’ Policies

XL Catlin’s Environmental insurance business has added new protection to its Contractor’s Professional and Pollution Legal Liability insurance to help contractors and environmental consultant clients absorb the costs of fixing an issue or mistake. The new coverage addresses contractor professional …

New York Police to Step Up Enforcement Over Memorial Day Weekend

The New York State Police and local law enforcement statewide will be stepping up patrols to combat drunk and impaired driving this Memorial Day weekend, New York Gov. Andrew Cuomo announced. Memorial Day is one of the busiest travel holidays …

New York Bill Aims to Expand Contraception Insurance Coverage

Advocates, lawmakers, and physicians are calling for the passage of a bill that would provide insurance coverage for all FDA approved contraceptive drugs and products in New York. The Comprehensive Contraception Coverage Act would guarantee co-pay free coverage, allow access …

PIANY’s Priority Legislation Introduced to Address CE Requirements

The Professional Insurance Agents of New York State Inc. (PIANY) said New York State Assembly has introduced a PIANY-drafted bill (A.10378) that would eliminate the need for agents and brokers to take duplicate continuing-education courses for both their individual and …

USAA to Close Wealth Management Office in Philadelphia

The United Services Automobile Association (USAA) will close a wealth management office located in Philadelphia, effective July 19, according to the Worker Adjustment and Retraining Notification Act notice the company filed this month with the Pennsylvania Department of Labor and …

NOAA’s 2016 Atlantic Hurricane Season Forecast: 45% Chance of Near-Normal; 30% Above Normal

Forecasters at NOAA’s Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through November 30, will most likely be near-normal, but they also say this season is particularly difficult to pin down because there is …

Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore construction and engineering risk categories. The consortium was launched in …