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Allstate Ranks Collin, Smith as Texas’ Stormiest Counties
Storms in Texas affected more Allstate insured homes in Collin County than any other part of the state over the past five years, while Smith County saw the highest frequency of lightning, the company says. Allstate Insurance tallied the top 25 Texas counties affected by severe …

POSTED MARCH 28, 2017 4:40 PM
1,700 Pounds of Catfish Recalled From Mississippi Processing Facility
A Mississippi catfish processor is recalling 1,700 pounds of fish after the U.S. Department of Agriculture found that it contained chemicals banned in fish farming. The Food Safety and Inspection Service said Friday that a Thursday inspection found the fish …

POSTED MARCH 28, 2017 4:34 PM
Liberty Mutual Launches New Builder’s Risk Product
Liberty Mutual has launched Premier Protector – Builder’s Risk for large contractors and property owners – and the brokers who serve them – that is designed to help eliminate uncertainties and inconsistencies in coverage. According to Daniel Feige, division underwriting …

POSTED MARCH 28, 2017 4:29 PM
Jury: Cleveland Indians not Responsible for Fan’s Injuries from Foul Ball
An Ohio jury says the Cleveland Indians aren’t responsible for injuries to a New York man hit by a foul ball and blinded in one eye at a baseball game in July 2012. Cleveland.com reports the decision a Cleveland-area county …

POSTED MARCH 28, 2017 4:18 PM
Alliant Adds Arguelles to Employee Benefits Group in New Orleans
Sajeo Arguelles has joined Alliant Insurance Services’s employee benefits group as vice president in its New Orleans office. Arguelles will work with clients throughout the Southeast to design and deliver benefits solutions that reduce cost, increase coverage, and maximize value. …

POSTED MARCH 28, 2017 4:12 PM
Slapnicka Joins Holmes Murphy Team in Cedar Rapids, Iowa
West Des Moines, Iowa-based independent insurance brokerage Holmes Murphy has added Justin Slapnicka in its Cedar Rapids location. Slapnicka has a background in the construction and safety industry. In his new role as loss control consultant, Slapnicka will be responsible …

POSTED MARCH 28, 2017 4:06 PM
Risk Strategies Co. Acquires Dallas-Based Terrell Insurance Services
Boston-based Risk Strategies Co. has acquired Terrell Insurance Services, an independent insurance agency headquartered in Dallas. Terms of the deal were not disclosed. Founded in 2012 by President and Principal Charles T. Terrell Jr., Terrell Insurance offers tailored insurance and …

POSTED MARCH 28, 2017 4:01 PM
Pipeline Owner: North Dakota Crude Spill Larger than First Estimated
A crude oil spill in western North Dakota in December is now believed to be about three times bigger than originally estimated, pipeline owner True Companies said, making it the largest crude leak to affect water in the state in …

POSTED MARCH 28, 2017 3:52 PM
Colorado State Patrol Crack Down to Increase Driver Safety in Rural Areas
The Colorado State Patrol is cracking down on drivers in the state’s rural areas who are caught behind the wheel without a seat belt. The Denver Post reported the increased enforcement in rural Colorado started Monday and ends Saturday. Colorado Department …

POSTED MARCH 28, 2017 2:57 PM
MassMutual Completes Broker-Dealer Integration
Massachusetts Mutual Life Insurance Company (MassMutual) has completed the integration of its existing broker-dealer, MML Investors Services LLC, and MSI Financial Services Inc., the broker-dealer acquired as part of MassMutual’s July 2016 acquisition of the MetLife Premier Client Group. FINRA …

POSTED MARCH 28, 2017 1:11 PM
Trump Moves to Undo Federal Climate Change Policies
President Donald Trump is moving aggressively to undo policies designed to keep the carbon-cutting promises the U.S. made alongside nearly 200 other countries in Paris, while stopping short of a decision to formally withdraw from that landmark climate accord. Trump …

POSTED MARCH 28, 2017 12:32 PM
Insured Cat Losses in 2016 Rose 42% at Highest Level Since 2012: Swiss Re
Insured losses from disasters rose 42 percent to $54 billion last year, according to Swiss Re. That’s the highest since 2012 and the equivalent of 0.07 percent of global gross domestic product. Floods in Europe, the U.S. and China, earthquakes …

POSTED MARCH 28, 2017 12:11 PM
How Agents Can Deploy Soft Benefits to Win the Talent War
Insurance agencies that stress “soft” benefits have the upper hand in recruiting workers in today’s competitive job market. Employees are increasingly seeking out “soft” benefits in addition to traditional “hard” benefits from their employers. While employees still greatly value salaries, …

POSTED MARCH 28, 2017 12:00 PM
UK’s Aviva Eyes Sale of Friends Provident Int’l Unit for $500M-$700M: Source
Aviva Plc is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between $500 million and $700 million, a source with direct knowledge of the matter said. …

POSTED MARCH 28, 2017 11:42 AM
Massachusetts-Headquartered Rogers & Gray Insurance Hires Rossi
Rogers & Gray Insurance, a Kingston, Mass.-headquartered independent insurance agency, has hired Joe Rossi as a flood specialist. Rossi formed the non-profit Marshfield Citizens Coastal Coalition (MCCC) in February of 2012, seeking stronger citizen representation of coastal issues. The MCCC …

POSTED MARCH 28, 2017 10:57 AM
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source
Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told Reuters. Citi’s move …

POSTED MARCH 28, 2017 10:47 AM
Student Sues New York’s Columbia University, Alleging Indifference to 2 Rapes
A woman who enrolled in Columbia University partly because she wanted to be part of the emotional debate there over on-campus sexual assaults sued the school Tuesday, saying she was raped twice in her dorm room during her freshman year. …

POSTED MARCH 28, 2017 10:16 AM
Fitbit vs. Jawbone Trade Secret Theft Trial in California Moving Forward
Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge on Friday rejected Fitbit’s argument that the lawsuit is …

POSTED MARCH 28, 2017 9:00 AM
Gross Settles with Allianz’ PIMCO for $81M, Ending Bitter Legal Dispute
For Bill Gross, the long goodbye is finally over. More than two years after the legendary bond manager was ousted from Pacific Investment Management Co. — the firm he co-founded and built into a $2 trillion asset manager — he …

POSTED MARCH 28, 2017 8:39 AM
Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources
Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial services firms …

POSTED MARCH 28, 2017 7:18 AM
Cat 4 Cyclone Debbie Pounds Australia; Insurance Council Declares Catastrophe
A powerful cyclone tore into Australia’s northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone Debbie made landfall near Airlie Beach, a tourist resort and gateway …

POSTED MARCH 28, 2017 7:00 AM
Crackdown on Spring Breakers Leads to Fewer Arrests Along Alabama Coast
Police in Alabama’s two largest beach towns say they’re arrested more than 450 spring breakers so far this year, and that’s a big improvement from last year. Police in both Orange Beach and Gulf Shores are implementing get-tough policies this …

POSTED MARCH 28, 2017 5:30 AM
Florida Conditions Ripe For More Wildfires
The smell of smoke is in downtown Orlando. On Sunday, a brush fire caused a part of State Road 528 to be shut down between Orlando and the Space Coast. A fire burned last week near the north-central Florida town …

POSTED MARCH 28, 2017 5:23 AM
How Parents’ Perceptions Can Influence Teens Drivers’ Licensure
Preparing teens for safe independent driving could save lives, though historically there has been very little research to guide parents of teens with learner permits. A new study from University of Alabama at Birmingham developmental psychologist Jessica Mirman, Ph.D., offers insight into …

POSTED MARCH 28, 2017 5:00 AM
Obamacare Explosion More Like a Slow Burn for Now
U.S. President Donald Trump said on Friday that Obamacare was “exploding” after Republican lawmakers shelved legislation that would have dismantled the healthcare law. That’s not going to happen this month. Probably not even this year. The more than 12 million …

POSTED MARCH 28, 2017 5:00 AM
Supreme Court Weighs Where Patents Lawsuits Can Be Filed
The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-technology companies such as Apple …

POSTED MARCH 28, 2017 5:00 AM
AFL-CIO Chief Vows to Sue If Trump Weakens Overtime Rule
The AFL-CIO will sue if the Department of Labor tries to water down a boost in overtime eligibility put in place by the Obama administration, the chief of the labor federation said in an interview. “Anything that dilutes it is …

POSTED MARCH 28, 2017 5:00 AM
1347 Property Insurance Holdings to Expand Into Florida Homeowners Market
Specialty property and casualty insurance holding company 1347 Property Insurance Holdings, Inc., (PIH), which currently offers insurance to individual and commercial customers in Louisiana and Texas through its wholly-owned subsidiary, Maison Insurance Co., has announced plans to write business in …

POSTED MARCH 28, 2017 4:07 AM
Verhoef Named Director of Employee Benefit Sales at Western Growers
Western Growers Insurance Services Inc. has promoted Jason Verhoef to director of employee benefit sales. Verhoef will lead sales efforts to provide affordable healthcare insurance options for agribusinesses throughout California, Arizona and Colorado, as well as support the employee benefit …

POSTED MARCH 27, 2017 8:07 PM
Gorst & Compass Names Gaines Personal Lines Underwriter in California
Gorst & Compass Insurance has promoted Brenna Gaines to personal lines underwriter in its San Diego, Calif. office. Gaines has been with Gorst & Compass for three years and has been in the industry for 12 years. Her previous title …

POSTED MARCH 27, 2017 7:21 PM

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