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

People

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed Scott Stamper as managing director to run day-to-day operations and help guide the growth of Atlass Insurance Group, the company’s recreational and commercial marine division. Stamper …

North Carolina Touts Growth of 5-Year-Old Captive Insurance Program

North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina Insurance Commissioner Mike Causey. The North Carolina Captive Insurance …

Florida AOB Reform Efforts Fail Again as Parkland Tragedy Derails Legislative Session

With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply die in committee or are never seriously considered. Add to that a tragic event right in the …

Demotech Affirms ‘A’ Ratings of Florida Insurers

Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings (FSRs) adjustments because of hurricane losses and assignment of benefits litigation during 2017. The announcement comes after the …

Kentucky to Revamp Workers’ Comp System

Kentucky will make the biggest changes to its workers’ compensation system in decades. The legislation – backed by business groups but opposed by organized labor groups – was passed by both the Kentucky Senate and House of Representatives and signed …

People

The members of the Surplus Line Association of California have elected Robert Gilbert of Markel West Insurance Services as the new chair of the SLA Board of Directors. Gilbert’s election was finalized after the SLA tallied ballots from members who …

Utah Ax-Throwing Venue Approved to Serve Beer?

Despite safety concerns, a recreational ax-throwing venue in Salt Lake City, Utah, has been approved for a license to serve beer. The state liquor commission approved Social Axe Throwing’s request for a recreational beer license. The business asserted that it’s …

Three Ways Agencies Can Grow Their Book of Business

In today’s commoditized market, growing the business isn’t just a recommendation — expanding a roster of high-value clients is a necessity for all agencies. But where to start? First and foremost, agencies must establish the correct tools and strategies to …

California Mudslide Claims Top $421M

Insurers have received more than 2,000 insurance claims totaling more than $421 million in losses from the deadly Montecito, Calif., mudslide that destroyed or damaged more than 400 homes and businesses and killed 21 people, the California Department of Insurance …

Wisconsin-Based Accelerator Boosts Startups in Insurance and Beyond

The insurance industry is not the only focus of the Madison, Wisconsin-based startup accelerator, gener8tor, but insurance is its oldest and largest operational sector. Founded in 2012 by attorneys Troy Vosseller and Joe Kirgues, gener8tor seeks out startups from around …