Archive for August 2017

Insurtech startup, Sherpa, announced it has raised $2.3 million in funding from angel investors, in a venture designed to “change the way personal insurance is delivered.” “We have completely re-thought the way insurance has worked for 100’s of years,” says … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones The Texas Department of Insurance has issued several bulletins offering guidance to insurers related to Hurricane Harvey, which made landfall near Rockport, Texas, late on Aug. 25. The bulletins are in response to the proclamation by Gov. Greg Abbott declaring … Read More Read more here:: Insurance Journal       

The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year ago. This financial review … Read More Read more here:: Insurance Journal       

By Don Jergler Colorado’s legal marijuana industry is working – and can work better with federal collaboration, the state’s governor and Republican attorney general told U.S. Attorney General Jeff Sessions in a letter. Gov. John Hickenlooper and Attorney General Cynthia Coffman urged Sessions … Read More Read more here:: Insurance Journal       

By Don Jergler HUB International of California has named Adam Caster an account executive and producer in its La Palma office. Caster reports to Steve Vicencia, executive vice president of HUB International Insurance Services Inc. Caster has been in the risk management and … Read More Read more here:: Insurance Journal       

By Don Jergler A rash of sexual harassment scandals this summer involving venture capitalists has laid bare a major weakness in laws meant to protect workers from unwelcome advances. While legislation is clear on many workplace interactions, there’s next to nothing on the … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Naperville, Ill.-based Berkley Program Specialists has appointed Michael Greville as vice president and business development officer. Greville will oversee the new business strategy for the organization. He is responsible for managing prospective program administrator relationships nationwide, as well as engaging … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones The finance industry has lost hundreds of workers in the past three years as health care and retail companies continue growing their workforce in the area. The Argus Leader reports that finance and insurance companies employed just under 14,000 people … Read More Read more here:: Insurance Journal       

Ironshore Insurance Ltd., Singapore Branch, has introduced a specialty professional lines product that offers protection for after-the-event legal expenses to mitigate commercial litigation loss exposure. Ironshore’s after-the-event legal expenses product provides insurance against adverse costs awards in commercial litigation. The … Read More Read more here:: Insurance Journal