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

Oil Tanker Disaster to Be Probed by Maritime Authorities from China, Panama, Iran & HK

The maritime authorities of China, Panama, Iran and Hong Kong on Thursday signed an agreement to jointly investigate a collision in the East China Sea that caused the worst oil ship disaster in decades, according to China’s Ministry of Transport. …

China Weighs Merger of Banking, Insurance Regulators: Sources

China is considering a merger of its banking and insurance regulators, people familiar with the matter said, as it seeks to better coordinate its attempts to counter financial risks in the world’s second-largest economy. Government agencies under the direction of …

Reata Holdings, Inc. Welcomes Jimmy Trujillo to Sales Team

Laguna Nigel, CA, January 26, 2018- Reata Holdings, Inc. of Laguna Niguel, California is proud to welcome Jimmy Trujillo to its sales team. Mr. Trujillo will serve as Account Executive for both Reata Holdings companies: Cypress Premium Funding and Ironwood …

Top 10 Employment Discrimination Charges in 2017

A total of 84,254 workplace discrimination charges were filed with the Equal Employment Opportunity Commission (EEOC) nationwide during fiscal year (FY) 2017, according to the federal agency. The EEOC said it secured $398 million for victims in the private sector …

Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power

Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a significant growth engine for insurers that get the independent agent satisfaction …

Marriott Sued Over Florida Hotel Valet Giving $300K Ferrari to Wrong Owner

The owner of a $300,000 Ferrari is suing Marriott International, saying a hotel valet gave his keys to a young man who was trying to impress a woman he just met. The Tampa Bay Times reports that 73-year-old attorney James …

West Virginia Man Sentenced to Nearly 2 Years for Filing $354K in Fraudulent Claims

A West Virginia man has been sentenced to one year and nine months in federal prison for filing false insurance claims totaling more than $354,000. Thirty-six-year-old Daniel Lichtman of Kearneysville was sentenced for mail fraud Tuesday in federal court in …

Mississippi Insurance Commissioner Backs Bill to Increase Authority Over Wind Pool

Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents. Commissioner Mike Chaney says the Mississippi Windstorm Underwriting Association, known as the “wind pool,” spends …

Iowa’s Holmes Murphy Adds Stewart, McCumber to Leadership Team

Des Moines, Iowa-based independent insurance brokerage Holmes Murphy & Associates has added Tom Stewart, president of Innovative Captive Strategies (a Holmes Murphy subsidiary) and Charisse McCumber, senior vice president, to its board of directors. In a statement, Holmes Murphy Chairman …

Investigation: Worker Killed in Iowa Mine Sought Crystals, Despite Warning

A federal investigation has concluded a worker wasn’t following safety protocols when he was killed last year in a limestone mine collapse in Iowa’s Scott County. The Quad-City Times reports a Mine Safety and Health Administration investigation concluded that 52-year-old …