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

Tennessee Lawmakers Reluctantly Move Bill Requiring Seat Belts on School Buses

A bill that would require seat belts on new school buses in Tennessee continues to advance in the Legislature, but lawmakers remain skeptical about the restraints. Questions about the cost of the measure and concerns about whether the restraints might …

Arkansas Health Plan Panel Recommends Limits on Coverage for Opioids

An Arkansas health panel has recommended limiting coverage of opioid prescriptions in health plans that cover tens of thousands of state employees and teachers. The recommendations, which are aimed at curbing drug dependence and abuse, were compiled by the State …

RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack scenarios that can cause physical damage to …

Pennsylvania’s Venture Programs Hires Wright and Starr

Venture Programs, a West Chester, Penn.-based national insurance program administrator, has added Janet Wright as a risk manager and Jeanne Starr as a SUITELIFE regional underwriter. In this new role, Wright will be responsible for further enhancing and growing Venture’s …

CNA Hardy Names Chubb’s Legassick as Head of Life Sciences & Technology

CNA Hardy, the London-based specialist commercial insurer, announced the appointment of David Legassick as head of Life Sciences, Technology & Cyber. Reporting to Rhonda Buege, head of Healthcare and Technology, Legassick will assume responsibility for CNA Hardy’s life science, technology …

D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation

While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are beginning to question the regulation’s impact to directors …

Markel Canada Buys Remaining 50% Stake in Allsport

Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sports, leisure and recreation activities. …

Texas MGA MD Jensvold Adds Louisiana Office, New Team Members

Texas-based full service independent managing general agency and surplus lines broker, MD Jensvold & Co. Inc., has opened a location Shreveport, Louisiana, and added three new members to its team. John Hellyer joins Jensvold as lead underwriter in the Louisiana …

California Worker’s Comp Governing Committee Votes for Lower Mid-Year Filing

The insurer and public members of the Workers’ Compensation Rating Bureau Governing Committee have voted to authorize the Governing Committee to submit a lower mid-year pure premium rate filing to the California Department of Insurance. The filing will propose a …

Worldwide Facilities, Oklahoma Petroleum Assoc. Partner on Well Control Insurance

Managing general agency, Worldwide Facilities – Houston, announced a partnership with Oklahoma Independent Petroleum Association (OIPA) for well control insurance through the OIPA’s Partners Program. Worldwide Facilities will offer qualifying OIPA members discounts on control of well, risk reduction and …