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

Missouri Contractor Faces $210K in Penalties for Workplace Safety Hazards

Federal workplace safety officials have proposed $210,037 in penalties against a Missouri contractor protect employees from trench collapse and electrical hazards. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) inspectors observed workers exposed to trenching and excavation …

Texas McDonald’s Franchisee Settles Sex Harassment Lawsuit for $340K

A McDonald’s franchise owner with locations in Texas pay $340,000 and furnish other relief to settle a federal sexual harassment lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) alleged in its lawsuit against Credle Enterprises LLC, which does business as …

Spicer Joins Jewelers Mutual Leadership Team in Wisconsin

Neenah, Wisconsin-based insurer, Jewelers Mutual Group, has added Larry Spicer as vice president of Loss Prevention and Risk Management Services as David Sexton prepares for retirement after 39 years with Jewelers Mutual. Sexton steps down at the end of the …

Texas Agency RHSB Adds Ausmus as Account Manager, Personal Client Services

Dallas-based independent insurance brokerage firm RHSB (Roach Howard Smith & Barton) has hired Cindy Ausmus as account manager in its Personal Client Services department. Ausmus replaced long time employee Liz O’Neall who retired in September. Ausmus has over 30 years’ …

E-Cigarette Maker Juul Pulled Into Tobacco Product Liability Case

A Florida state court judge ordered the co-founder of the e-cigarette maker Juul Labs Inc. to answer questions under oath in a case involving a woman suing the cigarette-maker Philip Morris USA. While Juul has challenged the judge’s order, it’s …

FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain

Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft report by an advisory committee that makes recommendations to the …

Can Ethics Be Taught? Study Assesses Ethics Training on Financial Sector Behavior

Can ethics be taught? New research suggests yes, while offering the first large-sample study on how rules and ethics training affects behavior and employment decisions in the financial sector. “Can Ethics be Taught? Evidence from Securities Exams and Investment Adviser …

Why E&S Carriers Aren’t Winners Over the Long Term

ACORD’s recent study, “Intelligent Growth: Intent, Decisions, Outcomes,” reveals that E&S/specialty companies don’t fare well over the long term. Here, CEO Bill Pieroni suggests possible reasons in an interview with Wells Media’s Andrew Simpson. Q: You talked about the winners …

Confessions of a Diehard Insurance Data Fan: Part 2

After Bill Pieroni, the CEO of ACORD, delivered a presentation about ACORD’s latest study, “Intelligent Growth: Intent, Decisions, Outcomes,” he sat down with Wells Media’s Andrew Simpson to talk about winning carrier strategies. Pieroni, who discussed carrier growth and profit …

AssuredPartners Acquires Surety Solutions Insurance Services in California

AssuredPartners Inc. has acquired Surety Solutions Insurance Services Inc. of Rancho Cordova, Calif. The team of 15 will remain under the leadership of John Page and Ryan Tash. Surety Solutions is licensed in all 50 states. The agency currently reports …