Archive for August 2016

By Stephanie K. Jones Calling the recent flooding event in Louisiana one of the most significant natural disasters in the United States, catastrophe modelling firm RMS said flood insurance participation is low in the parishes most affected by floods. Flooding since Aug. 11 has been particularly … Read More Read more here:: Insurance Journal       

By Amy O’ Connor The Hanover Insurance Group, Inc. has launched arkets, a pay-as-you-go option for workers’ compensation policies that allows insureds to pay their premiums in real-time, based on payroll. The new payment option offers businesses the choice of paying their premiums as part … Read More Read more here:: Insurance Journal       

By Amy O’ Connor A prominent Texas lawyer was acquitted on Thursday of charges he made up thousands of fake clients to sue BP Plc for damages that the oil company caused in the 2010 Gulf of Mexico spill, court records show. Mikal Watts … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Wal-Mart Stores Inc. will pay a former, long-term employee at a Wal-Mart location in Illinois, $90,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). EEOC’s lawsuit charged Wal-Mart with violating federal discrimination law when … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Independent wholesale insurance brokerage firm All Risks Ltd., has added Sam Stringer as a broker in its New Orleans, La., branch office. As a casualty broker, Stringer will focus on risks within the construction, energy and environmental industries. Lines of … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson American Family Insurance said it has signed John Legend – multi-award winning singer and songwriter – as the company’s newest brand ambassador. The company has partnered with other celebrity ambassadors whose experiences and values it believes not only motivate current … Read More Read more here:: Insurance Journal       

By Mark Hollmer CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer’s other remaining U.S. market territories, according to Carrier Management. The Chicago-based insurer explained in a statement issued to Carrier Management … Read More Read more here:: Insurance Journal       

By L.S. Howard Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its Global Corporate Division, in a move from his previous position as Zurich’s head of Financial Lines in Asia. He will directly report to Keith Thomas, CEO Global Corporate APAC, … Read More Read more here:: Insurance Journal       

Brown, Holmes & Milliken Agency, an independent insurance agency based in Ellsworth, Maine, has hired Larry Freeman to join its sales staff. In his new role, Freeman will service commercial accounts along with selling home, auto and life policies. He is a 35 … Read More Read more here:: Insurance Journal