Archive for March 2017

By Don Jergler California Gov. Jerry Brown and fellow Democrats who control the state Legislature are proposing to raise $52.4 billion over 10 years by significantly boosting fuel taxes and vehicle fees. The money would go toward fixing a massive backlog in road … Read More Read more here:: Insurance Journal       

By Don Jergler A homeowners association representing property owners at a downtown San Francisco high-rise has sued the developers on for failing to tell residents the condominium tower was sinking at an unexpected rate. The Millennium Tower homeowners association’s lawsuit is the latest … Read More Read more here:: Insurance Journal       

By Don Jergler New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry. The state attorney general’s office made the $50 million announcement this week, saying the payment includes an additional $14.5 million as a … Read More Read more here:: Insurance Journal       

By Don Jergler Reno, Nev.-based LP Insurance Services Inc. has named Tim Holland as its newest shareholder. Holland will continue as an employee benefits sales executive with LP Insurance. He has been in that role since 2011. LP Insurance Services Inc. is a … Read More Read more here:: Insurance Journal       

Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in Depew, N.Y. LoVullo will become part of RT … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other high-profile business interests are lining up in support of … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Fifteen credit card “skimming” devices have been found on gasoline pumps in different parts of Louisiana in the past month, state Secretary of Agriculture Mike Strain said. The devices are used by thieves to steal credit card information from motorists. … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Michigan state senators have approved legislation that could allow the Automobile Theft Prevention Authority to assess small fees on commercial vehicles, not just private passenger vehicles. Under current law, auto insurers pay $1 a year per insured car. State Attorney … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Peoria, Ill.-based specialty insurer RLI Corp. is promoting Betsy McLaughlin to vice president, chief claim counsel, effective April 1. McLaughlin is assuming the responsibilities of Brian J. Casey, retires on March 31. Casey will continue to serve in an advisory … Read More Read more here:: Insurance Journal