Monthly Archives: <span>January 2020</span>

Washington Roofer Fined Nearly $375K for Putting Workers at Risk

A roofing company in Snohomish, Wash. is facing large fines from the state for multiple worker safety hazards and their violations at three different jobsites. After receiving calls from concerned neighbors, the Department of Labor & Industries opened inspections into …

California State Fund Declares 15% Dividend for 2019 Policy Year

California State Compensation Insurance Fund announced plans to distribute a roughly $55 million dividend to its qualifying policyholders with policies that took effect between Aug. 20 and Dec. 31, 2019. The dividend amounts 15% of the estimated annual premium reported …

Worker in New Jersey Seriously Injured When Ditch Collapses Around Him

A man working in a ditch was seriously injured December 31 when it collapsed around his lower body, authorities said. The accident occurred shortly before 10 a.m. in Marlboro Township. The 64-year-old man, who was working for paving company, was …

NI Holdings Completes Acquisition of Maryland’s Westminster

NI Holdings Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders on January 1, 2020. The acquisition of Westminster further diversifies NI Holdings’ portfolio of products geographically and by line as additional commercial multi-peril …

New York’s Frenkel & Company Completes Transition to EPIC Brand

Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), has announced that Frenkel & Company, a New York, N.Y.-headquartered, full-service independent insurance broker acquired by EPIC in 2017, has completed its adoption of the EPIC Insurance …

Two Women Killed After New Jersey Transit Train, Car Collide at Crossing

Two women were killed Friday morning when a New Jersey Transit train collided with their car at a railroad crossing in central New Jersey. The accident occurred around 8:10 a.m. at the Cedar Avenue crossing in Middlesex, a NJ Transit …

January 2020 Reinsurance Renewals Varied Significantly, Brokers Say

The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated …

Chaucer Names 3 U.S. Property Executives

Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of International Property Facultative and Michael Johnston as deputy class underwriter, International Property Binders. As Head of U.S. Property Insurance, Gilliland …

Capsicum Re Launches Aviation Reinsurance Team, Led by Bell from AIG

Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London and reports to Matt FitzGerald, managing partner of the London Property and Specialty division. Bell brings 36 years of aviation …

Guy Carpenter Promotes Saper as CEO of Pacific Region

Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will be responsible for overseeing …