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

Stoneburner to Retire; Spray to Lead Commercial Lines at Cincinnati Insurance

Cincinnati Financial Corp. announced that Charles P. (Bud) Stoneburner II, senior vice president – commercial lines for its lead subsidiary, Cincinnati Insurance Co., will retire within the next six months. Upon his retirement, Stephen M. Spray, senior vice president, head …

Expert Gives Agents C- on Understanding of Cyber Insurance

Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman assigned a grade of C- when asked to assess the average …

McKenna Named CFO at The Plexus Groupe

The Plexus Groupe LLC, a national insurance brokerage and risk management consulting firm based in Deer Park, Ill., has hired Matthew McKenna as chief financial officer. McKenna was most recently the CFO at Chicago-based OmniVere LLC, a large integrated discovery …

Zika Case Found in Florida County Hundreds of Miles From Miami

Florida officials on Tuesday announced the first case of Zika acquired by local mosquitoes in Pinellas County, located some 265 miles (425 km) from Miami, where the first locally transmitted U.S. cases were reported. Florida Governor Rick Scott also said …

NIF Group Launches Program for Luxury Homebuilders in 3 Western States

NIF Group, Inc., a program administrator and specialty brokerage firm, has created a program for luxury homebuilders and remodelers. NIF Insurance Services of California, a division of NIF Group, is in partnership with an A.M. Best rated ‘A’, carrier writing …

Beazley Doubles Environmental Risk Capacity to $50M with Lloyd’s Consortium

Beazley, the London-based provider of specialist environmental liability insurance, has doubled its capacity for operational and fixed site environmental risks to $50 million. Covering the environmental liabilities of large multi-national companies, the increased limits are backed by the Beazley Elements …

Officials: No Long-Term Impact on Florida Tourism Expected Despite Zika Spread

The discovery of Zika-carrying mosquitoes in South Florida certainly isn’t ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor. Transmission of the virus via mosquito has been confirmed …

Number of Iowa Drivers Penalized for Passing Stopped School Buses Declines

Fewer drivers are receiving the tough penalties Iowa lawmakers approved in 2012 for illegally passing school buses when they are stopped. The Des Moines Register reports that the number of people charged with violating the school bus law has declined, …

1347 Property Insurance Holdings Expects Losses from Louisiana Storms

1347 Property Insurance Holdings Inc., which offers specialty property/casualty insurance through its subsidiary, Maison Insurance Co. (Maison), said it expects to incur losses from claims related to damage from the recent storms that produced record-breaking floods in Louisiana. Maison has …

Health Official: Zika Virus Could Spread Across U.S. Gulf States

One of the top U.S. public health officials on Aug. 21 warned that the mosquito-borne Zika virus could extend its reach across the U.S. Gulf Coast after officials last week confirmed it as active in the popular tourist destination of …