News

Former PIA Mgmt. CEO Bessette Joins Managing General Underwriter CED 1976

CED 1976 LLC, a N.J.-based managing general underwriter for the Jewelers unBLOCKed brand that focuses on providing coverage to the jewelry industry, announced that Ken Bessette has joined its management team as strategic initiatives partner. Most recently, Bessette was chief …

Axa Art Insurance Corp.’s Subrogation Lawsuit Seeks $1.5M From Christie’s

Axa Art Insurance Corp. filed a subrogation lawsuit claiming that the famed auction house Christie’s in New York failed to properly store a fine art collection that belonged to Axa’s insured, the Piatigorsky Trust, during Superstorm Sandy. Christie’s, a well-known …

Mass. Division of Insurance Approves 2 New Entrants to State’s Auto Insurance Market

The Massachusetts Division of Insurance announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers. The Division of Insurance said that since Gov. Deval Patrick introduced managed competition in the auto insurance market …

Hurricane Task Force Recommends Resilient Power for Wireless

U.S. wireless communications networks should be made more resilient in extreme weather emergencies, according to a government task force studying the effects of Hurricane Sandy. The Hurricane Sandy Rebuilding Task Force recommended improving the communications networks so cellular towers and …

Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges

The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that provides recommendations for mitigating harm from future storms. Recommendations include assisting homeowners to stay in their homes after disasters …

Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks

Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds facing unique product liability challenges. With an ISO format that …

Missouri Insurance Department Begins Testing for Navigator Licensing

The Missouri Department of Insurance has released testing information for individuals applying for a license as a navigator. The testing is in compliance with Senate Bill 262. Individuals applying for a license as a navigator will be required to pass …

St. Jacques to Lead IMA Energy Team in Wichita

IMA Inc. announced that Brian St. Jacques has joined the firm as leader of its oil and gas and alternative energy team in Wichita, Kan. Brandon Coffee also joins IMA as a risk control specialist on St. Jacques’ team, and …

Oklahoma Pilot Program to Seek Medical Cost Reduction

A $3.8 million pilot program is to start on Jan. 1 to see if it can lower healthcare costs for 15,000 Oklahoma state employees and their families. The program by MedEncentive was authorized in the 2011 legislative session and will …

Louisiana Flood Board Votes to Continue Oil, Gas Lawsuit

A New Orleans-area flood control board has refused to back down from its lawsuit seeking damages from nearly 100 oil and gas companies over coastal erosion allegedly caused by dredging and digging for canals and pipelines. But the board offered …

News Archives by Month