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

American Strategic Insurance in Florida Promotes Tharpe

American Strategic Insurance in St. Petersburg, Fla., has promoted Michael Tharpe to account executive for ASI’s National Accounts team. Tharpe has worked with ASI for five years, previously serving as account manager. In his new role, Tharpe is responsible for …

Gallagher Acquires Canadian Personal & Commericial Lines Broker, B.R. Rhymer

Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a franchise agreement since 1995, become wholly owned …

Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P

Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and product diversification help global multiline insurers (GMIs) cope with challenges such as …

Lowe’s Pays $$8.6M for Firing Disabled Workers Who Sought Extended Medical Leave

Lowe’s Cos. has reached an $8.6 million settlement of a U.S. agency lawsuit accusing the nation’s second-largest home improvement retailer of illegally firing workers who went on medical leave for a long time. The accord resolves Equal Employment Opportunity Commission …

Health Insurers File Proposed Rates for 2017 DC Health Link

The District of Columbia Department of Insurance, Securities and Banking (DISB) said it has received 170 proposed health insurance plan rates for review from four major insurers in advance of the fourth year of open enrollment on DC Health Link, …

Federal Officials Say Damaged Guardrail Caused Texas Prison Bus Wreck

Federal investigators have confirmed that a West Texas prison bus accident that killed two prison guards and eight inmates was caused by the bus striking a piece of displaced highway guardrail. The National Transportation Safety Board in a report released …

Ontario Insurance Brews Up Craft Beverage Producer Coverage in New York

Cooperative insurer Ontario Insurance Company has launched a new insurance program for craft brewers and distillers in New York State. Dubbed the “Craft Brewer’s Kit,” the new insurance offering works with craft beverage producers in addressing the needs and changing …

XL Catlin Strengthens Global Energy Team with 4 Senior Appointments

XL Catlin’s insurance operations announced it has strengthened its energy team globally with four senior hires: Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt. In the Americas, XL Catlin has appointed Wayne Jacobson as director of Energy Liability – …

Ross Campesi Sr., Founder of Louisiana Workers’ Comp Insurer Passes

Ross Campesi Sr., founder of LCTA Workers’ Comp, died May 7 in his home. Campesi was 90 years old. “Ross’s passing is obviously a huge personal loss … he was the love of my life,” Melissa Campesi, CEO of LCTA, …

House Approves Louisiana Medical Marijuana Program Expansion

Medical marijuana advocates have won a significant victory in their efforts to jumpstart Louisiana’s medical marijuana program. The House voted 62-31 to expand the program to cover more diseases and to make regulatory changes aimed at getting medicinal-grade pot into …