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

Everest Insurance Launches Private Company Management Liability Policy

Everest Specialty Underwriters (ESU), a division of Everest Insurance, has launched Everest Expedition, a private company management liability policy. This new modular management and professional liability policy is designed to provide private companies with protection in the face of increasing …

CyberPolicy Expands Cybersecurity Offerings for Small Businesses

CyberPolicy, a wholly-owned subsidiary of CoverHound Inc. that offers an online cyber insurance and security product for small businesses, has unveiled a new set of complimentary offerings to help small businesses protect against cyber threats. The new “Plan. Prevent. Insure.” …

Scott Sued by Florida Cities Over 2011 Gun Regulations Law

A Florida law prohibiting local governments from enacting their own gun regulations is invalid and unconstitutional, according to elected officials from 10 cities suing the state’s governor in the aftermath of a mass shooting that left 17 people dead at …

A.M. Best Upgrades Issuer Credit Rating of Kentucky Growers Insurance Co.

A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Kentucky Growers Insurance Company (KGIC) of Lexington, KY. The outlook of these Credit Ratings (ratings) is stable. …

Severe Thunderstorms Injure 1, Cause Damage in Alabama

Officials say one person has been injured after severe weather caused damage in a northern Alabama city. City of Decatur spokeswoman Emily Long said Wednesday the person was taken in for evaluation, but did not provide any more information on …

Wright Leaving FEMA to Head IBHS, Succeeding Rochman

The Insurance Institute for Business & Home Safety (IBHS) announced that Roy E. Wright has been selected as the next president and chief executive officer of the organization, succeeding Julie Rochman who is retiring after more than 10 years at …

$332B in Premiums Makes California World’s 4th Largest Insurance Market

California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the state remains the largest insurance market in the United …

M5.3 Temblor Shakes Southern California Area, No Damage So Far Reported

A magnitude 5.3 earthquake struck off the coast of Southern California at 12:30 p.m. on Thursday, the U.S. Geological Survey reported. The quake struck roughly 17 miles off the Santa Cruz Islands and was measured at 6.1 miles deep, according …

Investment in Innovation to Rock Chicago Stadium at Insurtech Conference

Three stages, a packed football stadium overlooking Lake Michigan, decked out luxury suites. A rock concert? No, it’s an insurance innovation and investment event. But some attendees might be star-struck by the industry heavyweights in attendance at the OnRamp Insurance …

Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy

Zurich Insurance Group announced that Gary Shaughnessy will step down from his role as chief executive officer for Europe, Middle East & Africa (EMEA) and as a member of Zurich’s executive committee in the fourth quarter of 2018, while maintaining …