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News from Insurance Journal


Channel Title: News – Insurance Journal
Channel Website:

Channel Description: Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

Cavignac & Associates in California Names Aceves Account Manager
San Diego, Calif.-based Cavignac & Associates has hired Brittany Aceves to serve as an account manager within the firm’s surety department. Aceves serves as the main point of contact for the agency’s surety department clients, managing and maintaining their surety … more

MJ Insurance Adds Rarick as Risk Management Consultant in Arizona
MJ Insurance has added Justin Rarick as a risk management consultant in its Phoenix, Ariz. office. Rarick is responsible for driving sales and service to new and existing clients. Rarick previously was a commercial claims specialist at Nationwide Insurance. He … more

California Commissioner and Legislators Unveil Wildfire Insurance Bills
California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills and two additional legislative proposals proponents say will strengthen consumer protections for those making insurance claims. Jones and state Senators Mike McGuire and Bill … more

EIURS Adds Marine Energy Unit to Energy Division
Energy, Industrial & Utility Risk Solutions (EIURS), a division of DUAL Commercial, has expanded its Energy Division with the addition of a new marine energy unit. The new unit will be headed by Michael Jacobs. The Marine Energy unit will … more

Texas Workers’ Comp Division Seeks Comments on Compounded Drug Rule
The Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) is accepting comments through Feb. 20 on a compounded drug rule that was first proposed in June 2017. On June 16, 2017, DWC announced an informal draft rule to … more

Winter Storm in Southeast Leads to Icy Roads, Hundreds of Wrecks
James A. Jones saw enough cars stranded along the icy highway to know it was time to pull over as a winter storm blasted parts of Tennessee and Kentucky with sleet, freezing rain and snow Friday. Jones counted 25 cars … more

Former Head of Louisiana State Police Commission Files Retaliation Suit
The former executive director of the State Police Commission is suing, claiming she was retaliated against for challenging Louisiana State Police brass and calling attention to a string of illegal campaign contributions made by commission members. Cathy Derbonne, who served … more

Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, not Licensed
The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January, Rockingham Casualty and Edmond, Oklahoma-based FarmAssure LLC … more

Corporation Pays Maximum Fine in Wisconsin Asbestos Exposure Case
Authorities say the corporate owner of a former Wisconsin factory accused of ordering workers to remove insulation that contained asbestos has paid the maximum fine under terms of a plea agreement. The incident happened six years ago at Grede foundry … more

NTSB: Broken Wheel Caused 2015 Oil Train Wreck in North Dakota
Federal investigators believe a broken wheel caused a May 2015 oil train derailment that prompted the evacuation of Heimdal, North Dakota. The National Transportation Safety Board says investigators found a mark on the track indicating a broken wheel that caused … more

North Dakota Livestock Producers Say Trucking Mandate Will Cost Them
A federal mandate requiring many motor carriers to install electronic logging devices could cost be costly to North Dakota’s cattle industry. Warren Zenker, who runs a cattle feeding operation near Elgin, told the Bismarck Tribune that electronic logging devices could … more

AGCS Names Vissing to Succeed Henson as Head of Claims, Regional Unit London
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds Martin Henson who retires after nearly 20 years with Allianz. Based … more

Former California Hospital Owner Sentenced in $600M Workers’ Comp Scheme
The former owner of Pacific Hospital in Long Beach was sentenced to federal prison on Friday for running a $600 million workers compensation fraud scheme. Michael Drobot, 73, was sentenced Friday to 63 months in prison and fined $500,000. Earlier … more

Panic Gripped Hawaii After False Missile Alert
The second recent blunder in Hawaii’s planning for a possible North Korean nuclear attack left islanders shaken after an emergency alert warning of an imminent strike sounded on hundreds of thousands of cellphones. For nearly 40 minutes people waited. Then … more

Deutsche Bank Forms Bancassurance Partnership with Digital Broker Friendsurance
Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche Bank said it will integrate Friendsurance’s digital … more

California Mudslides: Residents Commit to Rebuilding
At the end of a heartbreaking week that saw deadly mudslides kill at least 20, residents of Montecito gathered to grieve, pay tribute to victims and commit to rebuilding their cherished community on the Southern California coast. Mourners lit prayer … more

G2 Insurance Services Adds Heffernan’s Stringer as Client Manager in California
G2 Insurance Services has named Erinn Stringer a client manager. Stringer is located in G2’s San Francisco office and will serve commercial clients, including hospitality, commercial real estate and nonprofits. She was an account manager at Heffernan Insurance Brokers before … more

E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance Group, which has … more

GE Still Grappling with Legacy Insurance Business
General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the … more

BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down
BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the … more

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