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Motorhome Hire News

Zurich North America Appoints Schiavone to Lead Private Equity Unit in N.Y.

Schaumburg, Ill.-based property/casualty insurer Zurich North America has named Paul Schiavone to lead its new private equity unit. The unit operates within the Global Corporate in North America (GCiNA) business entity. Schiavone joined the underwriting leadership team on Aug. 1. …

The article Zurich North America Appoints Schiavone to Lead Private Equity Unit in N.Y. appeared first on Insurance Journal.

Metal Sculptures Worth $30K Stolen from Little Rock Park

Little Rock, Ark., authorities say three sculptures worth $30,000 have been stolen from Riverfront Park. The city’s Parks and Recreation director says he believes the statues were taken at night on Aug. 28. They’re made of bronze with copper detail and …

The article Metal Sculptures Worth $30K Stolen from Little Rock Park appeared first on Insurance Journal.

Oklahoma Widow Awarded $503K in Contested Workers’ Comp Case

The widow and son of a Bartlesville man who died during firefighting training have been awarded more than $503,000 in federal and state death benefits despite testimony that said the man was never with a fire department. Thomas Russell “Rusty” …

The article Oklahoma Widow Awarded $503K in Contested Workers’ Comp Case appeared first on Insurance Journal.

Hawaii’s Post-Storm Disaster Request Denied by FEMA

The Federal Emergency Management Agency late last week denied Hawaii’s request for a major disaster declaration after Tropical Storm Iselle. Iselle made landfall over the Big Island’s isolated and rural Puna region nearly three weeks ago, knocking down trees and power …

The article Hawaii’s Post-Storm Disaster Request Denied by FEMA appeared first on Insurance Journal.

Use of Hand-Held Cell Phones While Driving Banned in Austin

The Austin, Texas, City Council has approved a law banning the use of hand-held cellphones and many other portable electronic devices while driving. The Austin American-Statesman reports the city council approved the law on Aug. 28. It takes effect Jan. …

The article Use of Hand-Held Cell Phones While Driving Banned in Austin appeared first on Insurance Journal.

Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency

Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing property/casualty and risk management consulting services. The firm offers all lines …

The article Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency appeared first on Insurance Journal.

Syncora’s Strategy in Detroit Bankruptcy Proceedings Backfires

Syncora Guarantee Inc., an opponent of Detroit’s municipal debt-adjustment plan, saw a legal strategy backfire when a judge ruled that the company made “scandalous and defamatory” allegations about the local chief U.S. district judge and mediator in the city’s bankruptcy. …

The article Syncora’s Strategy in Detroit Bankruptcy Proceedings Backfires appeared first on Insurance Journal.

3 Years After Irene, New State Office Complex Rising in Vermont

Three years after flooding from Tropical Storm Irene made most of Vermont’s state office complex in Waterbury unusable, its replacement is rising out of what was a sodden mess that reeked of the nearby Winooski River. An 86,000-square-foot office building …

The article 3 Years After Irene, New State Office Complex Rising in Vermont appeared first on Insurance Journal.

Soares Joins Woodruff-Sawyer in California as Vice President

San Francisco, Calif.-based Woodruff-Sawyer & Co. announced today that Casey Soares is joining the firm as a vice president and property specialist. Soares will partner with client and prospect teams while serving as an additional resource for market negotiations with …

The article Soares Joins Woodruff-Sawyer in California as Vice President appeared first on Insurance Journal.

Florida’s Citizens No Longer ‘Out of Control,’ Says CEO Defending Rate Cut

Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on residential policies. Citizens Property Insurance Corp. officials in a public …

The article Florida’s Citizens No Longer ‘Out of Control,’ Says CEO Defending Rate Cut appeared first on Insurance Journal.

In Sandy Turnaround Test, New York City Says It’ll Meet Goal

A home-repair program in New York City has been sprinting to meet a self-imposed deadline to signal a turnaround in Superstorm Sandy recovery, and officials say they’re positioned to pass their test of rebuilding both houses and confidence. The milestone …

The article In Sandy Turnaround Test, New York City Says It’ll Meet Goal appeared first on Insurance Journal.

Wallace Jumps from Willis to Marsh in Atlanta

Insurance broker and risk consultant Marsh reported that Thadd Wallace has joined the firm as a managing director in the Global Risk Management Practice in Atlanta. In this role, Wallace will work with Don Bailey, head of industry and sales …

The article Wallace Jumps from Willis to Marsh in Atlanta appeared first on Insurance Journal.

Halliburton Agrees to $1.1 Billion Gulf Oil Claims Settlement

Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history. The agreement is subject to court approval and includes legal fees, the Houston-based company …

The article Halliburton Agrees to $1.1 Billion Gulf Oil Claims Settlement appeared first on Insurance Journal.

No ‘Significant’ Cyber Attacks on Banks, Says Bank Group

An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co. and other banks. The group, known as …

The article No ‘Significant’ Cyber Attacks on Banks, Says Bank Group appeared first on Insurance Journal.

Iceland Volcanic Eruption Still Pouring Out Lava, but No Ash Cloud

A fissure eruption near Iceland’s Bardarbunga volcano was still spouting lava on Monday but no ash, a day after an eruption that briefly caused the country to raise its ash alert level for aviation to its highest level. Iceland’s largest …

The article Iceland Volcanic Eruption Still Pouring Out Lava, but No Ash Cloud appeared first on Insurance Journal.

Argo Group Hires Ribeiro as Head of International Businesses

The Bermuda-based Argo Group International Holdings announced that Jose Ribeiro has been hired to the newly created position of head of international, effective immediately. He will be based in the company’s London office. Ribeiro joins Argo from Generali where he …

The article Argo Group Hires Ribeiro as Head of International Businesses appeared first on Insurance Journal.

CGSC Launches Marine Specialists Latitude in Hong Kong

Latitude Brokers Ltd., previously the Marine Division of Cooper Gay Asia, has been launched as a separate entity. The change follows the receipt of regulatory approval in July 2014 by the Hong Kong Confederation of Insurance Brokers. The newly incorporated …

The article CGSC Launches Marine Specialists Latitude in Hong Kong appeared first on Insurance Journal.

CGSC CEO Esser Targets Acquisitions, Cost Reductions to Reestablish Growth

Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has announced plans to streamline costs and generate operational efficiencies following the filing of the group’s 2013 report and accounts and a downgrade to ‘B-‘ with a …

The article CGSC CEO Esser Targets Acquisitions, Cost Reductions to Reestablish Growth appeared first on Insurance Journal.

S&P Lowers Cooper Gay Swett & Crawford Ratings to ‘B-’; Outlook Stable

Standard & Poor’s Ratings Services has lowered its long-term corporate credit rating on London-based global wholesale and reinsurance broker, Cooper Gay Swett & Crawford (CGSC) to ‘B-’ from ‘B’ with a stable outlook is stable. S&P also said it has …

The article S&P Lowers Cooper Gay Swett & Crawford Ratings to ‘B-’; Outlook Stable appeared first on Insurance Journal.

Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered

Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpot or …

The article Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered appeared first on Insurance Journal.

EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role

Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union, dubbed Solvency II, “still require …

The article EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role appeared first on Insurance Journal.

South Carolina Ex-Lawmaker Viers Pleads Not Guilty in Contractor Insurance Case

A lawyer for a former South Carolina House member said he may not have realized what he was doing was wrong when he moved around the assets of a businessman who an insurance company was pursuing after he defaulted on …

The article South Carolina Ex-Lawmaker Viers Pleads Not Guilty in Contractor Insurance Case appeared first on Insurance Journal.

Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years

The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, …

The article Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years appeared first on Insurance Journal.

Chicago Rideshare Law Requires $1M Commercial Auto, $1M CGL Cover

Illinois Gov. Pat Quinn’s veto of legislation that would have implemented statewide regulation of commercial rideshare organizations, or Transportation Network Companies (TNCs), put the spotlight on the Chicago rideshare ordinance that was passed by the city council in late May. …

The article Chicago Rideshare Law Requires $1M Commercial Auto, $1M CGL Cover appeared first on Insurance Journal.

Tower Group Reports SEC Has Launched Probe

Tower Group International Ltd., which is in the process of being acquired by ACP Re Ltd.,  reported that it had received a letter, dated Aug. 28, 2014, from the Securities and Exchange Commission (SEC) stating that the SEC is conducting …

The article Tower Group Reports SEC Has Launched Probe appeared first on Insurance Journal.

Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate

Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of the damage. Even if customers don’t lose money …

The article Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate appeared first on Insurance Journal.

New York’s Staten Island Gets $56M to Control Future Flooding

New York officials say $33 million in federal Sandy relief will be going toward the purchase of about 24 acres on Staten Island to control future flooding. Sen. Charles Schumer and New York City Mayor Bill de Blasio announced the …

The article New York’s Staten Island Gets $56M to Control Future Flooding appeared first on Insurance Journal.

Nationwide Eyes Growth in New Jersey Auto Insurance Market

Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time since 1981. “So we’ve been writing business now for about two weeks and so far, so good. It’s obviously very …

The article Nationwide Eyes Growth in New Jersey Auto Insurance Market appeared first on Insurance Journal.

Louisiana’s Homeowners Market Stronger 9 Years after Katrina

Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that have helped create a more competitive marketplace, according to …

The article Louisiana’s Homeowners Market Stronger 9 Years after Katrina appeared first on Insurance Journal.

Climate Change to Affect Hawaii’s Tourism Industry, Says Study

A University of Hawaii report is warning the state’s tourism industry to start preparing now for the effects of climate change. The study says Hawaii will likely see more competition for visitors as warmer climate zones expand and new, easier-to-reach …

The article Climate Change to Affect Hawaii’s Tourism Industry, Says Study appeared first on Insurance Journal.

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