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

Judge Rules Against Iowa DOT in Noncommercial Vehicles Citations Case

Another judge has ruled that Iowa Department of Transportation officers didn’t have authority to issue speeding tickets to drivers of noncommercial vehicles. Scott County District Associate Judge Christine Dalton said in the ruling Wednesday that if officers had the authority …

Davis Named Operations Director at Powers Insurance and Risk Management

St. Louis Missouri-based POWERS Insurance and Risk Management and sister company Valley Insurance Agency Alliance (VIAA) has named Tim Davis as director of Operations for both firms. Davis will oversee both administrative and organizational systems, which includes everything from human …

Texas Regulators Offer Guidance to Insurers on Harvey Response

The Texas Department of Insurance has issued several bulletins offering guidance to insurers related to Hurricane Harvey, which made landfall near Rockport, Texas, late on Aug. 25. The bulletins are in response to the proclamation by Gov. Greg Abbott declaring …

P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best

The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year ago. This financial review …

Colorado Tells Sessions That Pot Industry Is Working And Can Be Better

Colorado’s legal marijuana industry is working – and can work better with federal collaboration, the state’s governor and Republican attorney general told U.S. Attorney General Jeff Sessions in a letter. Gov. John Hickenlooper and Attorney General Cynthia Coffman urged Sessions …

HUB California Adds Brown & Brown’s Caster as Account Executive

HUB International of California has named Adam Caster an account executive and producer in its La Palma office. Caster reports to Steve Vicencia, executive vice president of HUB International Insurance Services Inc. Caster has been in the risk management and …

California Bill Targets Sexual Harassment by Venture Capitalists

A rash of sexual harassment scandals this summer involving venture capitalists has laid bare a major weakness in laws meant to protect workers from unwelcome advances. While legislation is clear on many workplace interactions, there’s next to nothing on the …

AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote

AXIS Capital Holdings Ltd. announced that shareholders of Novae Group have approved the company’s acquisition by AXIS. Approximately 99.97 percent of shareholder votes were cast in favor of the deal. AXIS announced last week it had substantially sweetened its offer …

IGI Appoints Jabsheh as Executive Director, IGI UK, in Expanded Company Role

International General Insurance Holdings Ltd. (IGI), the specialist commercial insurer and reinsurer, has announced the appointment of Waleed Jabsheh as executive director of IGI UK as part of the company’s plans to grow in new and existing markets. Jabsheh will …

New York’s Cybersecurity Regulation Compliance Requirements Go Into Effect

Financial Services Superintendent Maria T. Vullo reminded all entities covered by the New York State Department of Financial Services’ (DFS) cybersecurity regulation that yesterday, August 28, 2017, was the first compliance date of this first-in-the-nation cybersecurity regulation. “With cyber-attacks on …