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

People – Southeast

QBE European Operations has appointed Alfonso De Mares as Business Development manager for Latin America. DeMares joined QBE European Operations’ International Markets division in April and will be based in Miami. Reporting to Tim Harris, director of Overseas Business Development, …

South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect

New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they follow the new filing rules as loss cost increases will …

North Carolina Enacts Stricter Penalties for Boaters Under the Influence

North Carolina has toughened penalties for boat operators who unintentionally kill or injure someone while under the influence of alcohol. Gov. Pat McCrory signed a law making the penalties for impaired boaters who cause injuries or fatalities similar to those …

$40M in Aid Now Available to South Carolina Farmers

When extension agent Charles Davis visits farms, he gets one question over and over again – when will South Carolina farmers start getting aid for crops damaged in last year’s floods? Finally, Davis and his fellow agents have the paperwork. …

Universal Property & Casualty Expands Into Alabama Homeowners Market

Universal Insurance Holdings, Inc. was approved in June by the Alabama Department of Insurance to write homeowners insurance in the state through its subsidiary Universal Property & Casualty Insurance Company (UPCIC). The company reported that UPCIC has subsequently written its …

Tennessee Commish McPeak Elected to Global Insurance Committee Leadership Post

Tennessee Department of Commerce & Insurance Commissioner (TDCI) Julie Mix McPeak has been elected by her fellow members of the International Association of Insurance Supervisors (IAIS) to serve as vice chair of the group’s Executive Committee (ExCo). Comprised of insurance …

Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover

Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued by Laetere Re Ltd. on behalf …

Comcast Sued by Oregon Cyclist Clotheslined by Cable

An Oregon cyclist who was clotheslined by a cable cord suspended across a road is suing Comcast and Portland Disposal. Portland attorney, Mark Ginsberg said his 64-year-old client Michael A. Horner was bicycling to work at Shriners Hospital for Children …

Washington-based Spirit Aerosystems Hit with Worker Discrimination Suit

Employees laid off by Spirit AeroSystems Holdings Inc. in 2013 filed a lawsuit earlier this month accusing the aircraft parts supplier of singling them out by age and disability. Twenty-four plaintiffs were named and another 150 may join the case, …

People – West

Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation developments, as well as the corresponding cyber liability and enforcement …