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

People

Excess and surplus lines carrier Nautilus Insurance Group appointed Thomas Joyce as senior vice president, chief underwriting officer. Joyce has served as senior vice president, chief claims officer, since joining Nautilus in 2015. He has 30 years of experience in …

Louisiana Lawmakers Eyeing BP Oil Spill Money

As Louisiana lawmakers scrounge for money, state senators are eyeing an annual stream of Gulf oil spill recovery money tied to economic losses from the disaster. Louisiana is expected to receive yearly payments of $53.3 million for 15 years from …

Lost Work Time Increases with Long-Term Opioid Prescriptions: WCRI

Using prescribed opioids adds significant time to temporary disability taken by workers with work-related lower back injuries, according to a new industry study. Temporary disability is time that workers spend away from work recovering from their work-related injuries. Longer-term opioid …

Texas Moves to Liquidate ‘Impaired’ Access Insurance

Stephanie K. JonesTexas insurance regulators placed into receivership and started the process of liquidating a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that the insurance department says is insolvent. Access Insurance Co. provides non-standard auto insurance and is licensed in 22 states, …

People

Starkweather & Shepley Insurance Brokerage Inc., an East Providence, R.I.-headquartered independent insurance agency, has hired Joanmarie Berry as a financial insurance specialist. She is based in Milton, Mass. In her new role, Berry’s key responsibilities include assisting and offering a …

Retiring Commissioner Sevigny Talks State Regulation, Being a Good Leader

New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11. Prior to his 16 years working as a regulator in the state …

Liquidation Order Issued for Auto Insurer with More Than 42K Policies in Pennsylvania

A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance will have no later than April 12 …

More Relatives of Victim of Uber Driverless Car Crash Hire Lawyer

More family members of a woman killed by an Uber Technologies Inc. self-driving vehicle have hired legal counsel, indicating the ride services firm’s legal problems may not be over in the first fatality caused by an autonomous car. Phoenix attorney …

Insurtechs Continue to Perform Miracles for Policyholders

APRIL 1, 2018— The competition among insurtechs trying to make their insurance customers “deliriously happy” continues to evolve with the latest news that one insurer is paying claims before they even happen. New York-based BlackRaspberrySoda said it has paid out …