News

Trust But Verify: New York Cyber Regs Mean Managing Third-Party Security

This year, the beginning of September marked a critical implementation deadline for some of the toughest new cybersecurity regulations in the country – the New York State Department of Financial Services (NYDFS) 23NYCRR 500. This set of regulations mandates that …

Rethinking Freight Flood Risk Management After Hurricane Harvey

A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp. began moving rail cars out of the railroad’s Englewood switching yard near downtown and brought in enough generators to fill 70 tractor trailers to keep signal systems running. …

Tackling Houston’s Flood-Damaged Cars Takes an Army of Tow Trucks

How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time. Toll is part of an army of more …

Arthur J. Gallagher & Co. Acquires Nebraska’s Lincoln Financial Management

Arthur J. Gallagher & Co. has acquired Nebraska-based Lincoln Financial Management LLC. Terms of the transaction were not disclosed. Founded in 1993 by Stephen Letts and later acquired by Cyrus Kiani, Lincoln Financial Management is an employee benefits consultant and …

Ratings of Kansas Medical Mutual Insurance Downgraded by A.M. Best

A.M. Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” of Kansas Medical Mutual Insurance Co. (KaMMCO) in Topeka, Kan. The outlook of …

Chicago Settles with Man Shocked by Police Taser for $9.5M

Chicago aldermen have agreed to pay $9.5 million to a man who suffered catastrophic injuries when he struck his head on the pavement after being shocked by a police Taser. The settlement approved by the city council adds to the …

Texas Finalist Named 2017 National Outstanding CSR

Brianne Head, director of Client Services for Independent Insurance Group Inc., in Dallas, Texas, has received the 2017 National Outstanding CSR of the Year Award from the Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance …

Michigan Senate Leader: Any Mandated Car Insurance Rate Cut Is ‘Dead’

Any proposal to automatically cut premiums for Michigan drivers would be “dead” on arrival in the Republican-led Senate, Majority Leader Arlan Meekhof said, bringing into question lawmakers’ long-sought aim to enact major auto insurance changes. Meekhof, on the Legislature’s first …

New Texas Task Force Formed to Investigate Hurricane-Related Fraud

Federal prosecutors will lead a new Houston-based group created to help law enforcement agencies respond to an inevitable wave of fraud and other criminal activity set off by Harvey’s punishing rains. Authorities are warning residents, volunteers and officials in flood …

Now May Be the Time for Homeowners to Buy a Dam

Traveling from Louisiana, four 18-wheelers and more than a dozen workers rolled into the heart of Houston last Tuesday morning. The Cajun crew was there to unfurl and install a unique form of flood protection: three-foot high, seven-foot wide, 250-foot …

News Archives by Month