Monthly Archives: <span>February 2017</span>

People

International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., has promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division. Durkin, president of Gallagher’s employee benefits division, assumes …

Opioid Doses in Ohio Declined Again in 2016

The number of opioid doses dispensed to Ohio patients decreased again last year, making 2016 the fourth year in a row that the number has dropped. A recent report from the State Board of Pharmacy’s Ohio Automated Rx Reporting System …

Is Private Equity Investment in Insurance Agencies Always a Good Thing?

It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of reported mergers …

IICF to Honor Wells Media Chief, Grant $400K to Nonprofits at Los Angeles Gala

Hundreds of insurance professionals and representatives from local nonprofits will convene on March 16 for the Insurance Industry Charitable Foundation’s annual Horizon Award Gala at the Natural History Museum of Los Angeles. The IICF Western division will announce more than …

California-Based Sierra Nevada Issues 36-State Recall of Select Beers

California-based Sierra Nevada Brewing Co. announced a recall on Jan. 22 of certain 12-ounce bottles of its pale ales, IPAs and other beers after detecting a packaging flaw that could cause a piece of glass to break off into the …

Former Washington Corrections Officer Jailed over $100k Workers’ Comp Scam

A former Washington state corrections officer accused of holding three jobs while claiming he was too disabled to work will serve seven days behind bars along with home detention. John J. Gruden, 44, late last month pleaded guilty to felony, …

California Jury Awards $1.25M in School Bathroom Break Suit

A jury has awarded $1.25 million to a former San Diego, Calif., high schooler who was denied a bathroom break and forced to urinate in a bucket. The girl, then 14, used the bucket in a Patrick Henry High School …

Wells Fargo Market Outlook Offers Favorable News for Cyber Security

San Francisco, Calif.-based Wells Fargo Insurance released its 2017 Insurance Market Outlook and Employee Benefits Outlook report in late January, which shows this year’s property/casualty insurance market will again be favorable to buyers. According to the surveys, most sectors will …

People

Hub International Northeast (Hub Northeast), a subsidiary of Hub International Limited, has promoted executive vice president and chief financial officer (CFO), Michael Sabanos, to the newly created position of chief operating officer (COO). First Vice President Harsh Bhasin will succeed …

Massachusetts Court Reminds Auto Insurers of Importance of Retail Book Value

A Massachusetts appeals court used a recent case to warn auto insurers about the importance of taking retail book value into consideration early in the settlement process. While the court ruled in favor of defendant Massachusetts Homeland Insurance Co. in …