Monthly Archives: <span>January 2018</span>

Statewide Claims for California Wildfires Reach Nearly $12B

Insurers have received nearly 45,000 insurance claims totaling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, California Insurance Commissioner Dave Jones announced today. The fires in Northern California in …

Ohio’s Cannasure Launches New Cannabis Program

Westlake, Ohio-based managing general agent and wholesale broker Cannasure Insurance Services (Cannasure) announced it is launching a comprehensive coverage program to support the cannabis industry. The Cannasure program will offer the following coverage lines: Property, General Liability, Products Liability, Crop …

Surplus Lines Market Had a Record Breaking Year in 2017

Across the United States, all 15 surplus lines service offices experienced increases in excess and surplus (E&S) lines insurance premium, totaling $28.1 billion, the Surplus Lines Stamping Office of Texas (SLTX) reports. Information compiled by the SLTX confirmed the national …

Insurance Council of Texas: Justified Consumer Complaints Minimal in 2017

Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low, the Insurance Council of Texas (ICT) reports. Out of 6.7 million policies, and an estimated 700,000 homeowner …

Report: More Than 25 South Carolina Doctors Investigated for Sexual Misconduct

More than two dozen South Carolina doctors have been investigated for possible sexual misconduct in the last five years, according to a newspaper review of records of the state Board of Medical Examiners. The Post and Courier of Charleston reported …

EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats

European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector, diplomats said. Speaking after EU …

Risk Theory Launches Auto Service, Repair Garage Program

Risk Theory, LLC, underwriter for a nationwide dealer open lot program for independent agents, has launched a new garage package program for franchised and non-franchised auto service and repair operators. The Risk Theory Garage Program, led by Bob Tschippert, offers …

Worldwide Broker Network Names Gambonini as Global P/C Consultant

The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant. In this role, Gambonini will work with WBN member companies on six continents in the areas of cross-border training, new business opportunities …

Pioneer Names Sternstein as VP in Allied Healthcare Unit in Chicago

Pioneer Underwriters (Pioneer) has appointed Aaron Sternstein as vice president in its Allied Healthcare division. He is based in Chicago and reports to Jim Stewart, senior vice president of Allied. Sternstein has more than a decade of experience in the …

NTSB: 2016 Evacuation of Burning Jet in Chicago Put Lives at Risk

The emergency evacuation of a wide-body airliner in Chicago was anything but orderly. As flames engulfed the right wing, passengers screamed and clambered over seats even before the American Airlines jet came to a stop on the runway after the …