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

XS Brokers Taps Burns & Wilcox’s Epting to Lead Southeast Expansion

XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has expanded its team with the hiring of Jim Epting as executive vice president. As XSB continues its growth and expansion, Epting will build and lead the XSB brand …

WSS Acquires Klein & Costa Insurance Services in California

Western Security Surplus has acquired Klein & Costa Insurance Services in Santa Ana, Calif. K&C was founded by Clarence Costa and Jim Klein. K&C’s primary focus is on small to medium specialty property/casualty risks within Southern California. Costa will continue …

Report Sees ‘Explosive’ Growth for North American Cannabis Market

The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an …

Total Losses in Bahamas from Hurricane Dorian Estimated at $7 Billion

Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial …

Dorian’s ‘Final Act’ Could Be a Tough 24-Hour Run Through the Carolinas

Sep 5, 2019, 9:58 AM – Hurricane Dorian will strafe the North Carolina coast by Thursday night, and could make landfall in the state with 115 mile-per-hour winds and an 8-foot storm surge. Located about 70 miles (113 kilometers) from …

Nebraska Farm Bureau: Trade War to Cost State’s Farmers $943M This Year

The Nebraska Farm Bureau estimates the ongoing trade dispute will cost the state’s farmers $943 million in lost revenue this year, but those losses will be partly offset by aid payments from the government. Nebraska Farm Bureau economist Jay Rempe …

Doctors, State Settle Iowa Woman’s Malpractice Claim for $2.5M

The state of Iowa and a group of doctors at University Hospitals and Clinics in Iowa City will pay a Fairfield woman $2.5 million after she lost both legs to amputation and became paralyzed after what she claimed was a …

Ohio Medical Board to Review Nearly 2K Physician ‘Sexual Boundary’ Allegations

The State Medical Board of Ohio plans to review nearly 2,000 closed cases of alleged sexual misconduct or impropriety by doctors over the past 25 years to determine whether any involved evidence of criminal behavior that was ignored, a board …

BP North America Fined $71K for 2018 Diesel Fuel Spill in Iowa

The U.S. Environmental Protection Agency says BP North America must pay a fine of more than $71,000 for a diesel spill last year in northeast Iowa. The EPA said the fine is for violations of the Clean Water Act. BP …

Nebraska’s Mutual of Omaha Puts Plan for New Headquarters on Hold

Insurer Mutual of Omaha’s plan to replace its Omaha, Nebraska, headquarters has been put on hold. The insurance company recently decided to put a pin in the idea of a new home base and instead focus on other priorities, the …