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tKg Wholesale Brokerage Hires Wischnowsky as an Account Executive
tKg Wholesale Brokerage has hired Matt Wischnowsky as an account executive focused on professional liability. Wischnowsky brings more than ten years of experience to the position. Most recently, Wischnowsky served as the managing director of GT Pro, a division of …

POSTED MAY 24, 2017 10:52 AM
Former Vermont Homeowners Hope to Recover $4M After Evictions
A group of former homeowners from a Vermont lakeside neighborhood hopes to recover some of the nearly $4 million they lost after they were forced to vacate. The Burlington Free Press reports the Mallets Bay Homeowner’s Association says the 24 …

POSTED MAY 24, 2017 10:43 AM
Companies May Soon Be Required to Disclose Financial Impact of Climate Risk
Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and coal sectors, to …

POSTED MAY 24, 2017 10:15 AM
Cyber Security Expert Leonardo to Offer Anti-Ransomware Weapon
When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had already warned clients that a larger-than-usual strike was about to hit. Now, the company is set to roll out a …

POSTED MAY 24, 2017 9:44 AM
Bermuda Can Withstand Trump’s U.S. Tax Plans, Says Premier Dunkley
Bermuda Premier Michael Dunkley said the nation will be able to attract businesses even as U.S. President Donald Trump plans to reduce tax rates to help keep companies onshore. “One of the things that I find very comforting about Bermuda …

POSTED MAY 24, 2017 9:20 AM
Swiss Re Corporate Solutions Taps Kleiterp as CEO EMEA, Replacing Buckle
Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO Europe, Middle East, Africa (EMEA), effective July 1, 2017. In this role, Kleiterp will be responsible for managing the strategy, development and performance of the company’s presence in the EMEA …

POSTED MAY 24, 2017 9:05 AM
Paul Hanson’s Pedisich Heads to EPIC as Producer in California
EPIC Insurance Brokers and Consultants has added Nick Pedisich as an insurance broker/producer. Pedisich will be based in EPIC’s Concord, Calif. office and report to Curt Perata, president of EPIC’s Pacific North region. He is focused on the transportation industry …

POSTED MAY 24, 2017 9:00 AM
There’s No ‘Typical’ Day in the Work Cycle for Whirlpool’s Risk Manager
How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …

POSTED MAY 24, 2017 5:00 AM
Florida CFO: $8M Recovered in Q1 Through Insurance Consumer Helpline
Insurance specialists working to assist Floridians through Florida’s insurance consumer helpline recovered nearly $8.1 million in the first quarter of 2017, according to a statement from Florida’s Chief Financial Officer Jeff Atwater. Recoveries included insurance claim payments and premium refunds …

POSTED MAY 24, 2017 4:44 AM
4-Foot Sinkhole Opens Outside Trump’s Florida Resort
A small sinkhole has opened on the road just outside President Donald Trump’s Mar-a-Lago resort in Florida. The Palm Beach Post reports that the 4-foot-by-4-foot (1-meter-by-1-meter) hole was discovered Monday in Palm Beach County just west of one the resort’s …

POSTED MAY 24, 2017 4:30 AM
Driver of Tanker Truck Killed in Fiery North Carolina Crash
The North Carolina Highway Patrol says a tanker truck overturned and caught fire, killing the driver. The patrol told local media outlets that the truck apparently veered off the road in the town of Clayton and hit two culverts, causing …

POSTED MAY 24, 2017 4:00 AM
Indiana Couple Awarded $744K for Son’s Unnecessary Shoulder Surgery
A northern Indiana jury has awarded $744,000 to a couple who claimed a now-deceased doctor performed unnecessary surgery on their teenage son. Dean and Tracy Dixon’s medical malpractice suit alleged that Dr. Willard G. Yergler performed unneeded shoulder surgery in …

POSTED MAY 23, 2017 10:54 PM
State Auto’s Clark Named CEO of GuideOne Insurance
West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer (CEO). Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark assumes her new role on June 12. She succeeds …

POSTED MAY 23, 2017 10:52 PM
Colorado Hailstorm on Pace to be Most Expensive in State History
More than 150,000 auto insurance claims and 50,000 homeowners claims are estimated to be filed in the wake of a monster hailstorm that pounded Colorado’s Front Range on May 8, putting it on pace to be the state’s most expensive …

POSTED MAY 23, 2017 7:03 PM
California’s Enforcement against W.R. Berkley Ends in $12M Settlement
California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc. nka BXM Insurance Services Inc., …

POSTED MAY 23, 2017 6:52 PM
Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles
The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners on ways that both businesses and consumers may share driving …

POSTED MAY 23, 2017 6:00 PM
Vanessa Kinney, Hylant VP in Columbus, Ohio, Among ’40 Under 40′
Insurance brokerage firm, Hylant, announced that Vanessa Kinney, vice president, employee benefits team leader, is a Columbus Business First “40 Under 40” recipient. Now in its 25th year, the 40 Under 40 award program honors the best and brightest leaders in Central …

POSTED MAY 23, 2017 4:58 PM
Storm Triggered Sensor Halts Texas Roller Coaster, Strands Riders
Six Flags Over Texas says stormy weather including high winds triggered a safety sensor that halted a new roller coaster and left eight riders stranded for hours in its Arlington, Texas, theme park. The 120-foot-tall (36-meter-tall) Joker ride shut down …

POSTED MAY 23, 2017 4:52 PM
Texas Workers’ Comp Research Group Lays Out 2017 Agenda
The Texas Workers’ Compensation Research and Evaluation Group has released its 2017 research agenda, a blueprint for its efforts to provide critical data for decision-makers in the Texas workers’ compensation system, the Texas Department of Insurance reported. The research group requests suggestions …

POSTED MAY 23, 2017 4:50 PM
BenefitMall in Dallas Names Gomes Executive VP, Benefits Sales
Dallas-based BenefitMall, a provider of employee benefits, human resources and payroll products and services, has reappointed Michael Gomes as executive vice president, Benefits Sales Division. Gomes will be responsible for all benefits sales and services, including group, self-funded, senior and individual in …

POSTED MAY 23, 2017 4:45 PM
Top Iowa Court Upholds $85K Award in Workplace Discrimination Case
The Iowa Supreme Court has upheld an $85,000 discrimination judgment against a company whose owner repeatedly called a black worker “chocolate” and other racial epithets. Justices upheld the Dubuque Human Rights Commission’s order that Simon Seeding pay Jermaine Stapleton $49,500 …

POSTED MAY 23, 2017 4:42 PM
Oklahoma’s Insurance Commissioner: Phone Scams Targeting Storm Victims
Oklahoma Insurance Commissioner John D. Doak is urging storm victims to be on the lookout for scam artists. The Oklahoma Insurance Department’s Anti-Fraud Division has received complaints about suspicious phone calls to storm victims in Elk City and Perkins. The …

POSTED MAY 23, 2017 4:38 PM
O’Brien Promoted to Controller at Wisconsin’s SECURA Insurance
Appleton, Wisconsin-based SECURA Insurance recently promoted Tim O’Brien to controller from assistant controller. O’Brien has been with the company for 15 years. He joined SECURA in 2002 as the accounting manager. He has held various roles within the Finance Division including …

POSTED MAY 23, 2017 4:35 PM
University of Iowa to Settle Sports Bias Lawsuits for $6.5M
The University of Iowa will pay $6.5 million to settle high-profile discrimination lawsuits filed by former athletic administrator Jane Meyer and her partner, former women’s field hockey coach Tracey Griesbaum, according to settlements released on May 19. Iowa will pay …

POSTED MAY 23, 2017 4:30 PM
Florida Woman Caught Faking Workers’ Comp Injury Gets Probation
A South Florida woman was convicted of fraud May 3 and must serve 18 months of probation after she was caught hitting herself in the head with a ceiling sprinkler at work. The incident happened in October 2015 at CinqueáTerre …

POSTED MAY 23, 2017 4:22 PM
AXA to Add 550 Positions to North Carolina Location
Insurance company AXA plans to add 550 jobs in Charlotte, N.C., over the next five years, nearly doubling its local workforce. North Carolina officials announced the move May 9 after approving state tax breaks that could be worth nearly $12 …

POSTED MAY 23, 2017 4:08 PM
Labor Chief Will Let Fiduciary Rule Go Into Effect in June While Seeking Further Review
The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday. The department’s rule, which requires brokers offering retirement investment advice to act in the best interest of their …

POSTED MAY 23, 2017 3:52 PM
Swiss Re Places $925M Cat Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction through two classes of principal-at-risk variable rate notes issued by …

POSTED MAY 23, 2017 2:33 PM
EPB&B in Oregon Partners with ISU Insurance Network
Portland, Ore.-based Elliott, Powell, Baden & Baker has partnered with ISU Insurance Agency Network. EPB&B offers business and personal insurance. San Francisco, Calif.-based ISU Network is a organization with 180 mid-sized agencies in 30 states. Member agencies maintain local ownership.

POSTED MAY 23, 2017 2:13 PM
Zurich’s Bauman Joins XL Catlin to Head Global Programs, Captives
XL Catlin said it is expanding its global insurance programs and captive business with the appointment of Steven Bauman as head of its global programs and captive practice in North America. Bauman will provide technical support across business lines in structuring global captive programs, ensure …

POSTED MAY 23, 2017 1:32 PM

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