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After Drenching Gulf Coast, Tropical Storm Cindy Heads North, East
The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days, forecasters said. Flooding and road closures stretched from …

POSTED JUNE 23, 2017 11:10 AM
Reinsurance Rates Continue to Soften with No End in Sight: S&P
The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor’s said in a new report. The continued downward …

POSTED JUNE 23, 2017 11:08 AM
Protecting Unions Is a Labor of Love for Union Insurance Group
It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve …

POSTED JUNE 23, 2017 5:34 AM
Highly Contagious Citrus Disease Spreads to Alabama
A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. Federal and state plant officials confirm that citrus greening was found in leaf and insect samples at a home …

POSTED JUNE 23, 2017 5:02 AM
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers are American International Group, XL Group …

POSTED JUNE 23, 2017 5:00 AM
North Carolina Senate Passes Legislation to Reduce Opioid Abuse
Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The measure approved Wednesday changes how drugs such as OxyContin and morphine are prescribed and dispensed. The painkillers come with a high …

POSTED JUNE 23, 2017 4:58 AM
Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates
Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to …

POSTED JUNE 23, 2017 4:36 AM
Tennessee-Based Reliance Partners Promotes Howell to SVP
Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice president, overseeing HR and Finance. She …

POSTED JUNE 23, 2017 4:25 AM
12 States Call Out California’s ‘Affront to Sound Insurance Regulation’
It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …

POSTED JUNE 22, 2017 10:24 PM
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …

POSTED JUNE 22, 2017 7:55 PM

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