Daily Archives: <span>June 9, 2016</span>

Arthur J. Gallagher & Co. Acquires KRW Insurance Agency in Illinois

Insurance broker Arthur J. Gallagher & Co. has acquired KRW Insurance Agency Inc. located in Crystal Lake, Ill. Terms of the transaction were not disclosed. Established in the 1940s, KRW Insurance Agency (KRW) is a retail insurance broker providing commercial …

Outlooks Revised to Stable for Hallmark Financial Services, Subsidiaries

Ratings agency, A.M. Best, has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of Hallmark Insurance Group (Hallmark Group), headquartered …

9th DWI Conviction Lands Houston Man in Prison for Life

A Houston man convicted of drunken driving nine times since 1980 has been sentenced to life in prison. The Montgomery County judge who sentenced Donald Middleton said the 56-year-old man is a habitual offender. Middleton pleaded guilty last week to …

Texas Governor Adds More Counties to Disaster Declaration, Requests Federal Aid

Texas Gov. Greg Abbott has added Brown, Caldwell, Callahan, Clay, Comanche, Eastland, Falls, Hardin, Harris, Houston, Madison, Somervell, Stephens, Travis and Trinity to the list of counties declared disaster areas following recent severe weather and flooding in the state. Previously, …

Connecticut Regulator Licenses New Health Care Captive

Connecticut Insurance Department announced Thursday that it has licensed a non-profit captive insurance cooperative comprising several Connecticut municipalities and school districts that aims to give communities greater control of their health insurance costs. CT Prime, the new cooperative, will be …

WCRI Study Finds ‘Noticeable’ Drop in Opioid Prescriptions in Workers’ Compensation Cases

A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claim in a majority of 25 states studied. The WCRI study, Interstate Variations in Use of Opioids, 3rd …

UK’s Allianz Insurance Offers Free Cyber Risk Assessment Tool for SMEs

Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment. The Allianz Cyber Risk Assessment tool is designed to help businesses …

Washington-based Zillow to Settle Trade Secret Suit by Move Inc. for $130M

Seattle, Wash.-based real-estate information website Zillow is paying $130 million to settle a lawsuit brought by rival Move Inc. The Seattle Times reported that the settlement was disclosed in securities filings earlier this week, ending more than two years of …

Flawed Flood Maps Hurting Condo Sales in Ocean City, Maryland

Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months. The Daily Record reports that FEMA officials drew the line …

Traffic Deaths Down in Hawaii Since 2012 DUI Towing Law Enacted

Hawaii Island has seen a decrease in traffic fatalities since the implementation of a county ordinance that permits the towing of vehicles driven by those driving under the influence of alcohol or drugs. The Hawaii Tribune-Herald reported there were 38 …