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

New Markets

Multi-Line Crane & Scaffold Programs Market Detail: Ascinsure Specialty Risk LLC (www. ascinsure.com) offers exclusive availability of two multiline programs designed for the crane and scaffold industries. Ascinsure has been a program underwriting manager and wholesaler within the crane and …

People

AssuredPartners, Inc. has promoted Joe Guercio to executive vice president of Operations, with a focus on EBITDA growth through managing its branch offices, the integration of new acquisitions, operational efficiencies specifically through agency management systems, quality control and continuous support …

North Carolina Insurance Fraud Round-Up

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of July. Details of the incidents, as reported by NCDOI, are as follows: Monroe Man Charged with Fraud Gary Miller of Monroe, N.C., was charged with …

Best Revises Outlook for NITIC of South Carolina

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of National Independent Truckers Insurance Co., …

Chaney to Seek Fourth Term as Mississippi Insurance Chief

Mississippi Insurance Commissioner Mike Chaney has announced he will run for re-election for a fourth term in 2019. The 74-year-old Chaney made his announcement Aug. 1 at the Nashoba County Fair in Philadelphia, Miss., and a spokeswoman from the Mississippi …

How Florida’s Flood Insurance Model Could Work Nationwide

While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood coverage. Last month in Salt …

Jury Orders Pork Producer to Pay $473.5M in North Carolina Nuisance Lawsuit

A federal jury decided Aug. 5 that the world’s largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms for unreasonable nuisances they suffered from odors, flies and rumbling trucks. The jury found that …

People

EPIC Insurance Brokers & Consultants, a retail property and casualty and employee benefits insurance brokerage and consulting firm, has announced that Lou D’Agostino and his Iron Cove Partners team have joined the firm. D’Agostino has more than 17 years of …

First Driverless Shuttle Demonstration Held in NYC by COAST Autonomous

New York City’s first driverless shuttle has arrived. In Times Square, a self-driving P-1 shuttle from COAST Autonomous was demonstrated July 17 along an approximately 150-yard course. “It’s historic,” said Pierre Lefevre, inventor of the first low speed autonomous shuttle …

Construction Company Indicted for Wage Theft, Insurance Fraud in New York

CRV Precast Construction LLC (CRV) and six of its employees have been indicted for misclassifying workers as lesser-skilled, underpaying them and falsifying information about payroll and employees, including a worker who was killed at a company job site. The defendants …