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Social Media Creates New Insurable Risks, Opportunities

When it comes to social media, the insurance industry needs to change how it evaluates risk. That’s the opinion of George Redenbaugh, assistant treasurer and senior director of risk management for eBay, where he is responsible for enterprise risk management, …

California Still On Alert for Flooding, Potential Mudslides

Parts of California continue to face flood watch and flood warnings, after a fifth day of storms, according to the National Weather Service. In Southern Califiornia, more than 1,000 homes were already under evacuation orders on Thursday, as residents braved …

Maclean Oddy Adds New Executives in Houston and Dallas

Excess and surplus lines wholesale broker Maclean Oddy & Associates Inc. appointed Stan Ackerman as senior vice president and manager of the property division in its Houston office, and Nancy Self as vice president and producer in Dallas, effective immediately. …

Colorado Gov. Studies Workers’ Comp Insurer Sale

Colorado Gov. Bill Ritter is meeting with an investment banker to study the possible sale of the state’s interest in Pinnacol Assurance, a state-chartered workers compensation insurer, his chief counsel said. Ritter hasn’t decided whether the state should sell its …

Lawsuit Claims Arkansas DMV Database Used for Marketing

A federal lawsuit filed in the Texarkana Division of the Western District of Arkansas claims the Arkansas Department of Motor Vehicle database has been illegally used for marketing and it could affect anyone who has had an Arkansas driver’s license …

Pacific Wholesale Insurance Brokers Names Janes VP

Pacific Wholesale Insurance Brokers LLC, an ISG Co., announced that Brian Janes has joined as vice president/property broker in the Burbank, Calif., office. His responsibilities include developing his book of property business and spearheading the growth of ISG’s Property Group. …

West Virginia Eyes Lien on Fire Insurance to Fight Abandoned Buildings

West Virginia may be on the path to helping municipalities pay for debris removal of abandoned buildings with insurance payments in a way that insurers can live with. The issue of how to pay for the cleanup has irked property …

Michigan Workers’ Compensation Claim Costs Among Lowest, Most Stable

Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new study. …

Insurance Agent, Researcher Charged in Illinois Murder-for-Hire Scheme

A suburban Chicago insurance agent and a former university research technologist are charged in an alleged murder-for-hire scheme aimed at killing a federal prosecutor and drug enforcement agent, officials said. Jack Mann, 41, of Naperville, who billed himself “the always …

Florida’s St. James Promotes Mertz to Marketing Director

St. James Insurance Group in Orlando, Florida has promoted Jonathan Mertz, vice president and operations manager, to marketing director. His new responsibilities will include all marketing and sales initiatives, distribution network management and program development. Mertz is assuming the duties …

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