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N.Y.’s Call for Moratorium on Life Insurance Captives Questioned by NAIC

National Association of Insurance Commissioners President Jim Donelon questioned the need for a countrywide halt on approvals of captive insurance deals one day after New York’s regulator said the transactions hide risk. “I don’t see an obvious need for such …

Ryan Specialty Group’s ThinkRisk Announces New Hires in Northeast

Ryan Specialty Group’s ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and Nicole Simmons. Koppel joins ThinkRisk as a senior underwriter. He is based in ThinkRisk’s new Philadelphia office, underwriting converging risk liability …

Olson Takes Over As President of Georgia Independent Agents

Betsy K. Olson was installed as president of the Independent Insurance Agents of Georgia Inc. (IIAG) during the association’s recent annual convention in Amelia Island, Florida. Olson is vice president of marketing for Tanner, Ballew, and Maloof in Atlanta. She …

Mass. DOI Proposes Regulation on Auto Glass Repair Steering; Hearing Scheduled

The Massachusetts Division of Insurance said it will hold a public hearing on June 28 regarding the proposed new regulation 211 CMR 135.00, “Requirements Regarding Referrals to Motor Vehicle Glass Repair Shops.” A copy of the proposed regulation can be …

Hiscox Adds Crime, Data Breach, Privacy Options to PL Portfolio

Hiscox has launched phase two of their Hiscox Professional Liability Portfolio, adding two additional coverage options to the existing portfolio. Professional services firms can now add crime and data breach and privacy security liability, in addition to general liability coverage …

FEMA: Federal Support for Rhode Island Sandy Recovery Exceeds $39M

The Federal Emergency Management Agency said Tuesday that more than $39.4 million in support from four federal disaster relief programs is helping Rhode Island recover from Superstorm Sandy’s effects.FEMA said the majority of the support is from the National Flood …

May Storms Damaged at Least 56 Oklahoma Schools

Oklahoma’s school superintendent says as many as 56 public school sites were damaged by violent storms and floods that ripped through the state in May. Superintendent of Public Instruction Janet Barresi said that three sites in Moore and the El …

ThinkRisk Launches Comprehensive Content, Data Security, Privacy Program

Ryan Specialty Group’s Think Risk has launched [in]TELLIGENCE to address evolving and often overlooked operational exposures coming from technology and its effect on businesses. Recent surveys have reported that more than half of small to mid-size U.S. firms have already …

LWCC Adds Mayfield, Simon as Assistant VPs

Louisiana Workers’ Compensation Corporation (LWCC) has hired Sandra Mayfield as assistant vice president of Accounting and Charles Simon as assistant vice president of Information Technology Services. Before joining LWCC, Mayfield served as vice president, Finance and Accounting for AIG United …

Final Judgment for 32 Disabled Men in Iowa: $3.4M

A judge in Iowa has entered final judgment of $3.4 million against a Texas company found to have mistreated 32 mentally disabled workers at an Iowa labor camp. U.S. Senior Judge Charles Wolle ruled on June 11 the men will …

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