Monthly Archives: <span>January 2019</span>

Progressive Takes Aim at Multi-Line Insurers

With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within. Following the last decade of impressive growth driven by direct-to-consumer providers, Progressive heads into …

Sometimes Bad Things Happen in Sports That Lawsuits Can’t Remedy: Viewpoint

Oh, but we live in sour times. Next month’s Super Bowl will feature the Most Hated Team in Football against an opponent who got there because of the Worst Call in Playoff History. Of the hatred I have nothing at …

Jury Awards $7M to North Carolina Trooper, Wife in Greyhound Bus Accident Suit

A federal jury has awarded $7 million in damages to a North Carolina trooper and his wife for when a passenger bus plowed into the trooper’s sport-utility vehicle as he responded to an Interstate 40 accident. Court documents show jurors …

AM Best Upgrades Credit Ratings of Greenville Casualty of South Carolina

AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Greenville Casualty Insurance Co. of Greer, S.C. The outlook of these Credit Ratings (ratings) remains …

Miami Beach Developer Dismisses Rising Sea Levels as ‘Paranoia’

A South Florida developer is questioning the well-established facts of climate change, and is putting his money where his mouth is, investing millions to build residential projects in highly exposed Miami Beach. Brazilian billionaire Jose Isaac Peres is hosting an …

Iowa’s Holmes Murphy Creates Philanthropic Foundation

Waukee, Iowa-based insurance services firm, Holmes Murphy, has created the Holmes Murphy Foundation for its philanthropic and charitable-giving initiatives. This newly-formed foundation will oversee all philanthropic and community engagement efforts, company-wide. “Through this foundation, we are creating an investment strategy …

Tougher Seat Belt Law Passes North Dakota Senate

Dakota’s Senate wants to change the state’s seat belt law. The Senate voted 24-23 on a proposal to allow police to pull over drivers if they see them not wearing seat belts. The fine would be $50. The measure now …

Fans File Blown-Call Lawsuit Seeking Do-Over of Rams-Saints Game

In the legal equivalent of a Hail Mary pass, two New Orleans Saints season ticket holders asked a judge on Tuesday to order the NFL commissioner to reverse the results of the NFC championship game that sent the Los Angeles …

Louisiana’s Insurance Commissioner Draws GOP Challenger

Louisiana’s insurance commissioner has drawn a challenger from within his own party. Republican Tim Temple announced he will run for the office on the Oct. 12 ballot, seeking to oust GOP incumbent Jim Donelon. Temple, who lives in Baton Rouge, …

Shelton Retiring as Executive Director of Houston Insurance Agents Group

The Independent Insurance Agents of Houston announced that IIAH Executive Director Carole Shelton has decided to retire from her position effective March 15th. Shelton has played a major role in the organization for over three decades, serving as a guiding …