Daily Archives: <span>August 29, 2018</span>

Insurers Looking to Continue Hiring in Very Competitive Labor Market

Insurance companies are hoping to hire additional employees over the rest of 2018 in a labor market that remains extremely competitive, according to a study from The Jacobson Group and Aon’s Ward Group. About 63 percent of companies said they …

California Legislature Passes Bill Aimed Collecting Data and Helping Wildfire Victims

The California Legislature has passed Senate Bill 824, a bill aimed at provided information to the California Department of Insurance related to fire risk information on the residential property policies issued by insurers. The bill prohibits insurers from canceling or …

Deadline Next Week: Nominate Your Agency as a Best Agency Today!

Do you love your agency? Is it a Best Place to Work For? If so, don’t forget to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work For in 2018. The deadline to submit …

A.M. Best: Insurers Equipped to Handle Hurricane Lane Losses

A.M. Best is expecting Hurricane Lane to be considered more of a flood event than a wind event. As a result, the storm that buffeted Hawaii should bring a potential triggering of the National Flood Insurance Program’s reinsurance program into …

Cybercube in California Adds Swiss Re’s Weber to Board

CyberCube has added Matthias Weber to its board of directors. Weber was previously group chief underwriting officer and member of the group executive committee at Swiss Re. San Francisco, Calif.-based CyberCube is a provider of cyber risk analytics for the …

Louisiana Sees 10-Month Increase in Not Seasonally Adjusted Nonfarm Jobs

Louisiana’s not seasonally adjusted nonfarm employment increased by 26,000 jobs from July 2017 to 1,980,200, marking 10 consecutive months of increases, the Louisiana Workforce Commission reported. Over the same time period, not seasonally adjusted private sector employment increased by 28,500 …

SLTX: Houston City Council to Buy $30M in Cyber Insurance Coverage

The Houston City Council voted unanimously to purchase $30 million in cyber insurance coverage at a total premium cost of $471,000. The policy provides first-party coverage for the city’s operations, third-party coverage for the city’s liability to others, and coverage …

Official Says Fireworks, Cigarettes May Have Caused Deadly Chicago Blaze

Investigators seeking the cause of Chicago’s deadliest fire in well over a decade were searching the porch area where the blaze started for evidence of fireworks, cigarettes or other smoking materials, a fire official said. Fire Department spokesman Larry Langford …

Maday Joins J.M. Wilson as Assistant Property/Casualty Underwriter

Managing general agency and surplus lines broker J.M. Wilson has added Mark Maday as assistant property/casualty underwriter in the company’s Arlington Heights, Illinois, office. Maday is responsible for underwriting new and renewal business, corresponding with carrier underwriters, and assisting independent …

Wisconsin’s CorLife Launches Workers’ Comp Home Health Service

CorLife LLC, a Green Bay, Wisconsin-based provider of ancillary benefits and home modification services for workers’ compensation carriers nationwide, has added a new company, CorCare LLC, which provides skilled, home health services to workers’ comp insurers. CoreCare offers all levels …