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

Texas Town Faces Questions After Arson Blamed for Fertilizer Plant Blast

One question has lingered in the Central Texas farming town of West since a fertilizer plant caught fire in 2013 and exploded, killing 15 people and damaging at least $100 million in property: What caused the blaze? On May 11, …

Ohio Court: Insurer not Liable for $1M in Megachurch Abuse Lawsuit

The Ohio Supreme Court says an insurer isn’t liable for part of a central Ohio megachurch’s $3.1 million settlement over the alleged beating of a 2-year-old boy at the church’s daycare. The justices concluded that an appeals court wrongly found …

In Iowa, Technology Changes Rapidly Altering Trucking Industry

In the trucking industry, technology is driving change. Todd Smith, chief operating officer at Decker Truck Line Inc. in Fort Dodge, Iowa, told The Messenger that by the end of 2017 it will be mandated that all trucks have electronic …

Newburgh Insurance Exec Smith Elected IIABNY Chair of Board

The Independent Insurance Agents & Brokers of New York (IIABNY) has elected John H. (Jack) Smith, Jr. as its chair of the board for the 2016-17 term.

Marsh’s Torrent Technologies Launches Private Flood Coverage

Torrent Technologies, Inc., in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has launched a new, automated private market primary flood insurance product. Torrent Technologies is a Marsh company. Underwritten by the Lloyd’s of …

Wisconsin Supreme Court Tosses Crash Claim Against State Employee

A woman can’t sue a state worker for allegedly injuring her in a car accident because she had her claim hand-delivered to the attorney general’s office instead of sending it by certified mail, the Wisconsin Supreme Court has ruled. Chief …

Blankenship Headed to Jail After Judge Denies Appeal Request

Former Massey Energy CEO Donald Blankenship is headed to prison even as he appeals his conviction for conspiring to flout mine-safety laws in connection with the worst U.S. coal industry disaster in almost 40 years. The federal appeals court in …

Burns & Wilcox Brokerage Expands Chicago Team

Burns & Wilcox Brokerage has appointed industry veteran Adrian Smith and a team of three specialty insurance brokers to enhance its brokerage capabilities in Chicago. Smith joins the Chicago office as senior vice president. He will report directly to Denis …

Insurers Limit Exposure as Quakes Increase in Oklahoma

As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages …

Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader

Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has been appointed head of Transactional Risk Insurance …