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

Pennsylvania’s PMA Companies Names Thompson VP, Chief Segment Officer

PMA Companies has named Kara Thompson as vice president and chief segment officer in its Specialty Markets Underwriting division. As segment leader, Thompson is responsible for growing PMA’s captive, program and group business. She reports to Drew Jones, executive vice …

Wintry Precipitation Causes Icy Roads, Several Crashes in Pennsylvania

Wintry precipitation has caused icy roads that are being blamed for numerous crashes on a major eastern Pennsylvania highway. Route 309 was shut down in both directions for a few hours early Thursday in Montgomery County, following the crashes that …

Oklahoma’s Tulsa County Will Pay $350K in 2009 Jail Death Lawsuit

Tulsa County has reached a $350,000 settlement in a lawsuit filed by the estate of a local jail inmate who hanged himself in his cell a decade ago. The settlement was agreed to last week with Carolyn Cox, the mother …

State Agency Shifts Focus as Medical Marijuana Demand in Oklahoma Rises

The Oklahoma Medical Marijuana Authority has temporarily closed its customer service center to free up more staff to respond to the high volume of applications for medical marijuana cards. The number of applications received per week rose from 1,200 in …

Police Say Intoxicated Driver Hit 41 Cars in Rhode Island

Rhode Island police have arrested a man they say was driving under the influence when he struck more than 40 other vehicles. Police say 45-year-old Christopher Paolissi, of Foster, was “zig-zagging” his pickup truck when he struck 41 vehicles in …

NJ Transit Receives Approval for Safety Upgrade Extension

Federal regulators have given official approval to New Jersey Transit for a two-year extension to complete the implementation of a required emergency braking system. The Federal Railroad Administration sent a letter this week that said NJ Transit met six key …

Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more than 50 international reinsurers, led by Munich Re. The program, provided on a three-year basis, is one of the largest …

Irish Drivers Will Need Special Insurance to Enter Northern Ireland After Hard Brexit

Irish drivers have been warned they will need a special insurance document to cross the currently invisible border to Northern Ireland after next month if the U.K. leaves the European Union without a deal. The Motor Insurers’ Bureau of Ireland …

Lawmakers Cite Own Experiences in Grilling Drug Executives on Prices

Channeling the ire of constituents and drawing from personal experience, senators chastised drug company executives Tuesday over the high cost of prescription medications, while the CEOs warned that government price controls could stifle breakthroughs on diseases like Alzheimer’s. The Senate …

Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis

Allianz Global Corporate & Specialty (AGCS) has launched Reputation Protect Plus in the UK to help companies protect their reputations – their most valuable assets – in times of crisis. Providing “tangible assistance to an intangible risk,” AGCS said its …