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

Csik to Take Over as COO of Safety National Casualty as Luebbert Retires

St. Louis, Missouri-based specialty insurance and reinsurance provider, Safety National Casualty Corp., is changing its executive management structure, effective April 1, 2020. Steve Luebbert, chief operating officer, will retire after a successful 44-year career in the insurance industry. Luebbert has …

Oklahoma Insurance Department Moving to New Location in Oklahoma City

The Oklahoma Insurance Department (OID)’s Oklahoma City office is relocating to a new facility, effective Feb. 10. The new location is 400 NE 50th St. in Oklahoma City. As part of the moving process, email and network access will be …

3M Subpoenaed by Federal Grand Jury Over Alabama Chemical Discharges

3M has been subpoenaed by a federal grand jury in connection to discharges from a chemical plant in northern Alabama that may not have complied with permit requirements. Michael Roman, the Minnesota-based company’s CEO, announced the subpoena during an investor …

Worker Killed at Amazon Hub Construction Site in Kentucky

A worker was killed at an Amazon delivery hub under construction at an airport in northern Kentucky, authorities said. The workplace accident occurred Saturday at the Cincinnati/Northern Kentucky International Airport, WXIX-TV reported. The Boone County coroner’s office confirmed the fatality, …

RT Specialty Names Lentz in Nevada National Practice Leader

R-T Specialty LLC has named Jason Lentz national practice leader of its private client group. Lentz, who is based in Las Vegas, Nev., has been with RT Specialty for more than three years and has focused on high net worth …

Aon Taps Willis Towers Watson’s Carpenter for Global Super Yacht Leader in London

Insurance broker Aon has appointed Emma Carpenter as global super yacht leader. She will join Aon in London in early March and will drive the development of Aon’s super yacht insurance broking business globally. Carpenter brings 17 years of experience …

Judge Rejects Argument That Insurer Acted in Bad Faith by Using Automated Bill Pay

For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted in bad faith by using the Mitchell Decision Point program when calculating the value of a Colorado policyholder’s underinsured motorist …

Coronavirus Tests China’s Work-From-Home Capabilities

Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity. While factories, shops, hotels and restaurants are warning about plunging foot traffic that is transforming city centers into ghost towns, behind the closed doors …

Best’s See Limited Non-Life Insurance Losses in China From Coronavirus Epidemic

Rating firm AM Best said it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including the central government’s announcement to undertake all medical expenses related to …

AM Best Downgrades Issuer Credit Rating of Crusader in California

AM Best has downgraded the Long-Term Issuer Credit Rating to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of Crusader Insurance Co. The outlook of the Long-Term ICR has been revised to stable from negative while …