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

Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products

What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The program, named Cyber Catalyst, calls on leading …

25 Homes Destroyed by Fire at Apartment Complex in Atlanta Area

A fire at an Atlanta area apartment complex destroyed more than two dozen units. The American Red Cross was working to help more than 40 people displayed by the fire at the Gallery Apartments in Marietta late Saturday afternoon. No …

MedMal Direct of Florida Appoints Dupre as VP of Claims

Jacksonville, Fla.-based MedMal Direct Insurance Co. has appointed Dan Dupre as vice president of Claims. Dupre succeeds Tim Bone, MedMal Direct’s co-founder and chief claims officer, who retired on Jan. 1, 2019. Bone will continue to serve on the company’s …

CSAA in California Names Allstate’s Troy President and CEO

The board of directors of the CSAA Insurance Group, a AAA insurer, has named Thomas M. Troy to succeed Paula F. Downey as the company’s chief executive officer and a member of its board of directors. The promotion is effective …

Washington Insurance Commissioner Issued $80K in Fines in February

Washington Insurance Commissioner Mike Kreidler disciplined and issued fines in February totaling $79,400 against insurance companies, agents, brokers and others who violated state insurance regulations. Insurance companies Asuris Northwest Health, Seattle; fined $20,000 The company retroactively denied coverage for a …

California Disaster Insurance Act Passes Key Committee

Legislation by that could lead California to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change cleared a key committee vote Tuesday. Senate Bill 290, called the California Disaster Insurance …

Berkley FinSecure Launches Embezzlement Insurance for Investors

Berkley FinSecure, a Berkley Company, has launched Capital Shield, an insurance product that covers individuals for embezzlement of their invested assets. The product has been launched with Capital Shield Inc. and Capital Shield Insurance Services and covers individual investors in …

Trump Eyes Bipartisan Deals on Infrastructure and Drug Prices

U.S. President Donald Trump is willing to work with congressional Democrats to lower drug prices for Americans and on infrastructure funding, White House adviser Kellyanne Conway said on Tuesday. Conway said the Trump administration considered those two issues as areas …

Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports

Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime bans for perpetrators of sexual harassment. This set of actions …

In ‘Trump Country’ Farm Belt, Flooding Woes Add to Trade War Stress

Nebraska grain farmer Ryan Ueberrhein was barely breaking even after the U.S.-China trade war pushed prices for his soybean crop to a decade low. Then the nearby Elkhorn River burst its banks as flooding swept across the U.S. farm belt. …