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

Homeowners Association at Sinking High-Rise in San Francisco Sues Developer

A homeowners association representing property owners at a downtown San Francisco high-rise has sued the developers on for failing to tell residents the condominium tower was sinking at an unexpected rate. The Millennium Tower homeowners association’s lawsuit is the latest …

New Mexico Gets $50M Tobacco Settlement Payment

New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry. The state attorney general’s office made the $50 million announcement this week, saying the payment includes an additional $14.5 million as a …

LP Insurance Services in Nevada Adds Holland as Shareholder

Reno, Nev.-based LP Insurance Services Inc. has named Tim Holland as its newest shareholder. Holland will continue as an employee benefits sales executive with LP Insurance. He has been in that role since 2011. LP Insurance Services Inc. is a …

Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo

Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in Depew, N.Y. LoVullo will become part of RT …

Maryland’s Chesapeake Employers’ Insurance Reappoints 2 to Board

Chesapeake Employers’ Insurance Company, a Towson, Md.-based writer of workers’ compensation insurance, has reappointed Leonard Schuler Jr. as a member to the board of directors for a term of four years, effective June 1, 2017. The Maryland State Senate has …

Marsh & McLennan Promotes Walsh in New York

Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s Risk and Insurance Services (RIS) segment, which includes …

MAPFRE Insurance to Provide Coverage for Massachusetts Rideshare Drivers

In an important move aimed at protecting Massachusetts drivers, MAPFRE Insurance will be among the first insurers in the state to offer gap coverage to auto insurance policyholders using their personal cars to drive for rideshare companies like Uber and …

Everest Insurance Expands Inland Marine Team with 3 New Hires

Everest Insurance has expanded its Inland Marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. Tom Warner has joined Everest Insurance as vice president Inland Marine for the Southeast region. Warner joins Everest from the Beazley …

Governors Report Pedestrian Fatalities Continue to Increase

The number of persons on foot killed on U.S. roadways last year increased an estimated 11 percent compared to 2015, according to the Governors Highway Safety Association (GHSA). This represents the steepest year-to-year increase since record-keeping began, both in terms …

Republican Senator Wants Trump to Drop Systemic Risk Case Against MetLife

A Republican member of the Senate Banking Committee said on Thursday that he was “frustrated” that the Trump administration had not yet dropped the government’s case against Metlife Inc., an insurer challenging its “too big to fail” designation. Senator Pat …