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

Business Moves

Ryan Specialty Group LLC, Kerwick & Curran Inc. Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran Inc. Terms of the transaction were not disclosed. K&C is a wholesale insurance …

2017 Disasters

The Federal Emergency Management Agency (FEMA) was busy in 2017 as it supported 59 major disaster declarations and 16 emergency declarations, a year during which unprecedented disasters affected more than 25 million Americans, or almost 8 percent of the U.S. …

For First Time in 7 Years, Outlook Improves for Commercial Lines: A.M. Best

Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry from negative to stable for 2018. The uptick is …

Rates for Commercial Lines Up Slightly in Q4: IVANS

The IVANS Index of premium rate renewals for the fourth quarter showed a slight rise in the average rate change across commercial auto, business owners, general liability, and commercial property compared to Q3, but a drop in the average change …

Declarations

Campus Guns “College campuses as gun-free zones present an environment where murderers, rapists and other criminals may commit crimes without fear of being harmed by their victims.” — An NRA lobbyist who supported a new Tennessee law to allow state …

The Wedge: Two Pains in Life

Have you ever laid in bed with the alarm going off and pushed the snooze button? You’re thinking: “Come on, just 15 more minutes.” A few minutes later, the alarm goes off again, and you either get up or push …

‘Super Underwriter’ Hoopingarner Wins Insurance Journal’s ‘Coolest Part of Your Job’ Contest

Insurance underwriter Aubrie Hoopingarner said she wound up working in insurance the same way many people in the industry start their careers, she “kind of stumbled into it!” Now, nearly a decade into a successful career with Portage, Mich.-based managing …

People

Madison, Wisconsin-based American Family Insurance named Todd Fancher as its first digital transformation officer. Fancher will oversee American Family group’s strategic investment in technology and practices that provide better service and value to customers, such as artificial intelligence (AI), machine …

Judge Rules North Dakota Law Limiting Malpractice Damages Unconstitutional

A state district judge has ruled as unconstitutional North Dakota’s law limiting damages in medical malpractice cases. The Bismarck Tribune reports the ruling came in a case involving a Fort Yates woman who suffered a disabling stroke due to a …

Insurer Loses Michigan Suit; Finds Policy Language Costly

A dispute over four words will cost an insurance company about $200,000. A federal appeals court in Michigan has ruled in favor of a man in the Grand Rapids area who suffered serious injuries during a motorbike crash in 2013. …