Archive for July 2017

By Stephanie K. Jones Combined Agents of America (CAA) announced its newest partner and voting member, Stephens Chapin Insurance, based in Lawrence, Kansas. CAA is a privately held agency partner group comprised of independent insurance agencies located throughout Texas, Oklahoma, Kansas and Nebraska. CAA … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones MJ Insurance has added Matt Stephanak to the benefits consulting team as a health risk analyst in its Indianapolis office. Stephanak will utilize his technical aptitude to measure, analyze and make tactical and strategic recommendations on business issues. In addition, … Read More Read more here:: Insurance Journal       

By Don Jergler Gov. Jerry Brown and legislative leaders have released a plan to extend through 2030 California’s cap-and-trade program, a key piece of the state’s quest to fight climate change by drastically reducing emissions from greenhouse gases. The deal updates how refineries, … Read More Read more here:: Insurance Journal       

By Don Jergler Wildfires driving people from their homes in California and throughout the West have had help from an unlikely source: the rain. Major winter downpours that pulled the state out of years of drought also brought a layer of grass that … Read More Read more here:: Insurance Journal       

Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent report. Indeed, underlying loss and expense ratios for many reinsurers are showing a worrying trend of … Read More Read more here:: Insurance Journal       

By Don Jergler A Northern California wildfire has destroyed 37 structures, at least some of them homes. The figure is up from 17 destroyed structures previously reported by state fire officials. However, the blaze weakened significantly Monday and waves of the thousands of … Read More Read more here:: Insurance Journal       

By Don Jergler Two small earthquakes have hit Alaska, one on the state’s northern end and another in the south, the Alaska Earthquake Center confirmed. The center says a magnitude 3.6 earthquake struck a spot 64.3 miles northeast of Arctic Village, a community … Read More Read more here:: Insurance Journal       

Global insurance broker Willis Towers Watson has made several senior appointments in its North America Corporate Risk and Broking (CRB) business. Mark Rusas has been appointed CRB Northeast region leader, where he will be responsible for growth strategy and talent acquisition in … Read More Read more here:: Insurance Journal       

Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new malpractice claims brought against … Read More Read more here:: Insurance Journal