Daily Archives: <span>September 27, 2016</span>

Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings …

Sierra Specialty Taps Sergeant for Ag/Livestock Marketing

Sierra Specialty has named Mike Sergeant in marketing in its agri-business department. Sergeant will specialize in marketing ag and livestock insurance products. His 34 years of experience. Sergeant started with Hartford Insurance Co. in 1981 in their livestock department. Sierra …

California Earthquake Authority Sees Surge in New Policies

The California Earthquake Authority has seen a significant increase in the purchase of CEA policies so far in 2016, according to its top executive. CEA now has more than 908,000 policies in force, an increase of roughly 29,000 policies in …

Stone Creek Names Brooks Assistant Commercial Account Manager in California

Stone Creek Insurance Agency has named Sinead Brooks an assistant commercial account manager in its Lafayette, Calif. headquarters. Brooks has three years of experience and specializes in the niche of construction, but also has experience with wrap-ups, technology and restaurants. …

Ex-AIG CEO Greenberg Testifies in Reinsurance Trial

Former American International Group Inc. Chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is part of a fraud …

Rash of Property, Auto Fires in Arkansas Town Thought to Be Arson

Police in Helena-West Helena, Ark., say six separate fires that caused about $120,000 in property damage are being investigated as arson. The first occurred on Friday close to a public housing development where firefighters found a vehicle fully engulfed in …

XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance

XL Catlin’s insurance operations announced the appointment of Jamie Chambers as country manager for Hong Kong. In his new role, Chambers will be responsible for driving XL Catlin’s insurance business and market presence in Hong Kong. He takes on this …

Vandals Damage More than 100 Vehicles in St. Louis

St. Louis, Mo., police are looking for suspects after more than 100 vehicles were damaged over the weekend, either by pellet guns or BB guns. KTVI-TV reports that many of the vehicles had their windows shot out, including several along …

Lower Flood Insurance Rates Coming to Louisiana’s St. Charles Parish

Officials say as many as 4,000 homeowners in Louisiana’s St. Charles Parish may be eligible for a dramatic reduction in flood insurance rates. Starting Oct. 1, residents on the parish’s east bank may be eligible for something called a “preferred …

St. Louis Area Landfill Operator Settles Suit with 34 Homeowners

The operator of a suburban St. Louis landfill where an underground fire is producing a strong odor has reached a settlement in federal lawsuits filed by nearly three dozen nearby residents. Bridgeton Landfill LLC announced the settlement on Sept. 23. …