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

Specialty Insurance Group Launches Online Coverage Portal for Special Events

Specialty Insurance Group (SIG), a unit of Everest Insurance and a member of the Everest Re Group companies, has released an online portal for brokers and clients to obtain immediate liability coverage for special events. The SIG special event portal …

Insurance Wholesaler Socius Insurance Services Opens Dallas Branch

Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened a branch in Dallas — its first in Texas. Assistant Vice President of Property and Casualty Chris Barnes will oversee the Dallas office. With more than 17 …

A.M. Best Upgrades Ratings of Nodak Insurance Group, NI Holdings

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak Insurance Company (Nodak Insurance), based in Fargo, North Dakota, and its reinsured affiliate, …

Michigan State’s Nassar Scandal May Cost More Than Sandusky’s

Michigan State University’s ties to former Olympic gymnastics doctor Larry Nassar may be a costlier problem for the college than Pennsylvania State University’s Jerry Sandusky scandal, according to a new report. Michigan State faces credit rating, settlement cost and political …

Smith Named Executive Director of Oklahoma Workers’ Comp Commission

Hopper Smith has been hired as executive director of the Oklahoma Workers’ Compensation Commission (WCC). Smith, a retired Brigadier General, will begin serving in the post on May 1. Smith succeeds interim Executive Director Patricia Sommer who assumed the role …

Texas Developers’ Use of Fill for Flood Resilience Scrutinized Post-Harvey

Texas home developers’ practice of using dirt to raise homes above a flood plain is drawing increased scrutiny as experts question flood resilience measures after Hurricane Harvey. Some experts argued using dirt, or fill, reduces storage for stormwater and worsens …

Kortfelt Named Sr. VP, Chief Procurement Officer at CNA

Chicago-based CNA has appointed Doug Kortfelt as senior vice president and chief procurement officer. Kortfelt will lead CNA’s Enterprise Vendor Management and Procurement teams. He reports to Scott Weber, executive vice president and general counsel. Kortfelt joins CNA with 25 …

Cautious Facebook CEO Tells Congress ‘Details Matter’ On Any Privacy Regulation

Facebook Inc. Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica. But he pushed back on …

FEMA Criticized for Suppliers Not Delivering Hurricane Aid as Promised

The Federal Emergency Management Agency awarded contracts for hurricane supplies without adequately researching whether winning bidders could deliver what they promised, according to a new investigation by Democrats on a Senate oversight committee. The investigation followed disclosures by The Associated …

Montana Marijuana Providers Must Start Testing, Labeling

Medical marijuana providers in Montana will start testing, labeling and tracking their products as new rules took effect this week for state officials to keep close tabs on pot plants from seedlings until they’re sold. The sweeping regulations cover everything …