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Hanover Insurance Restructures Agency Business; Eyes Specialty Expansion
The Hanover Insurance Group Inc. is making some organizational changes as it implements what its CEO calls its “go-forward business strategy, Hanover 2021” that is focused on growing responsibly, managing volatility and generating strong returns for shareholders. Joseph M. Zubretsky, president …

POSTED FEBRUARY 23, 2017 6:55 PM
Michigan Medical Services Firm to Pay $21.5K to Settle Disability Discrimination Suit
A medical services provider serving the Muskegon, Michigan, region will pay $21,500 and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC announced it had charged that Muskegon Family …

POSTED FEBRUARY 23, 2017 5:44 PM
Judge Won’t Toss Bias Claims Over Louisiana Salon Inspections
A federal judge on has refused to dismiss a lawsuit that accuses Louisiana state regulators of racially discriminating against a group of Vietnamese-American nail salon owners. U.S. District Judge Brian Jackson’s ruling clears the way for a jury trial next …

POSTED FEBRUARY 23, 2017 5:32 PM
5 Years of Lawsuit Settlements Cost State of Missouri $52M
Missouri has paid more than $52 million over the last five years to settle lawsuits against various state agencies, according to information from the attorney general’s office. The House budget committee received the list of settlements just before a public …

POSTED FEBRUARY 23, 2017 5:28 PM
Former Staffer Files Whistleblower Suit Against Louisiana Sheriff
A former south Louisiana sheriff’s office employee says the sheriff wrongly fired her for cooperating with the FBI in an investigation against him. In a lawsuit filed earlier this month, Deborah Lourd said she was fired last year, shortly after …

POSTED FEBRUARY 23, 2017 5:27 PM
Tulsa Man Who Assaulted Insurance Adjuster Gets Life Sentence
A Tulsa, Okla., man who filed a bogus insurance claim and assaulted an insurance adjuster has been sentenced to life in prison, the state insurance department announced. Prentice E. Ponds II, 43, was on parole at the time of the …

POSTED FEBRUARY 23, 2017 5:26 PM
Arthur J. Gallagher Acquires Wisconsin’s Kelly Financial
Arthur J. Gallagher & Co. has acquired Madison, Wisconsin-based Kelly Financial Inc. Terms of the transaction were not disclosed. Founded in 1957 by John M. Kelly and incorporated in 1994 by Scott Kelly, Kelly Financial offers retirement plan management, wealth management …

POSTED FEBRUARY 23, 2017 5:21 PM
Officials Team Up to Fight Opioid Crisis in Vermont Community
Burlington, Vt., officials and community partners are teaming up to combat a spike in opioid-related deaths. Vermont saw a 38 percent increase in opioid-related deaths from 2015 to 2016. Mayor Miro Weinberger joined the city’s police chief and other officials …

POSTED FEBRUARY 23, 2017 3:14 PM
Con Ed to Pay $153M to Settle New York City Explosion Charges
Consolidated Edison has agreed to pay $153 million to settle charges over a 2014 gas explosion in East Harlem that killed eight people and injured about 50. The settlement was approved on Thursday by the state’s Public Service Commission. The …

POSTED FEBRUARY 23, 2017 2:18 PM
How Supreme Court Just Made Things Easier for Patent Infringers
The Supreme Court made it easier on Wednesday for U.S. manufacturers to infringe patents held by competitors by manufacturing all but one of the infringing components abroad. The practical consequences could be significant, as could the court’s apparent view that …

POSTED FEBRUARY 23, 2017 2:15 PM
Maine Lawmaker Wants to Block Car Insurance Hikes Based on Age
A Maine state senator is looking to protect senior citizens in the state from having car insurance rates go up because of their ages. Sen. Bill Diamond, a Windham Democrat, says his bill follows up on insurance giant Progressive’s attempt …

POSTED FEBRUARY 23, 2017 2:06 PM
Canadian Broker Network Names Robinson as Chairman, Succeeding Miller
Canadian Broker Network (CBN), Canada’s network of independent insurance brokers, has appointed Mike Robinson, president and CEO, PBL Insurance Ltd., as chairman. Robinson succeeds Tim Miller, president of Capri Insurance Services, who has been CBN chairman for the past three …

POSTED FEBRUARY 23, 2017 1:49 PM
With Growth of the Gig Economy, States Rethink How Workers Get Benefits
As more and more Americans hold nontraditional jobs that don’t have benefits attached — think freelance graphic designers or Uber drivers — cities and states are exploring ways to ensure those workers still have access to workers’ compensation, unemployment insurance, …

POSTED FEBRUARY 23, 2017 1:47 PM
AXA Chief Rules Out Major Acquisitions Such as Generali
AXA has reached a “critical size” and is ruling out major acquisitions such as Italy’s Generali, the French insurer’s chief executive Thomas Buberl said on Thursday. It is managing risks relating to May’s presidential election in France and raising its …

POSTED FEBRUARY 23, 2017 1:23 PM
Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report
Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following a strong growth in 2016, according to a report published by KPMG. In the coming year, most insurtech investments likely will focus …

POSTED FEBRUARY 23, 2017 12:50 PM
Delaware DOI Begins National Search for New Captive Insurance Bureau Director
The Delaware Department of Insurance has announced that it has begun the search for a new Director of the Bureau of Captive Insurance and Financial Products once current director Steve Kinion’s contract expires April 1, 2017. This is because the …

POSTED FEBRUARY 23, 2017 11:27 AM
Vice Chair of State-Owned People’s Insurance Group of China in Corruption Probe
The vice chairman of state-owned People’s Insurance Group of China is being investigated for alleged discipline violations, the ruling Communist Party’s anti-corruption watchdog said on Thursday, employing the usual euphemism for corruption. Wang Yincheng is the latest senior official of a state-owned …

POSTED FEBRUARY 23, 2017 10:41 AM
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. While the …

POSTED FEBRUARY 23, 2017 10:23 AM
Beecher Carlson Names Newell as Managing Director in California
Beecher Carlson Insurance Services LLC is expanding its West Coast operations with the appointment of Keith Newell as its managing director. Newell will be primarily based in the firm’s Woodland Hills, Calif. office. Newell’s focus is on new business strategies …

POSTED FEBRUARY 23, 2017 10:00 AM
California Surplus Lines Association Elects Ciardello Chairman of the Board
The members of the Surplus Line Association of California have elected Tom Ciardello, senior executive vice president of Worldwide Facilities LLC, as the chair of the SLA board of directors. Ciardello’s election was finalized after the SLA tallied the final …

POSTED FEBRUARY 23, 2017 10:00 AM
China Regulator Puts Brakes on Insurers’ 3-Year, $100-Billion Buying Spree
A regulatory clampdown on speculation by insurers and new limits on outbound capital flows are causing one of China’s most acquisitive industries to hit the brakes. Chinese insurers, after announcing almost $100 billion of deals over the past three years, …

POSTED FEBRUARY 23, 2017 9:42 AM
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two of Britain’s biggest insurers …

POSTED FEBRUARY 23, 2017 7:22 AM
Miss Kentucky USA Runner-Up Pleads Not Guilty to Arson Charge
Miss Kentucky USA runner-up has pleaded not guilty to an arson charge, accused of setting her roommate’s bed on fire at an apartment complex near the University of Louisville. WAVE-TV reports 22-year-old Christen McAllister appeared before a judge on Tuesday …

POSTED FEBRUARY 23, 2017 6:05 AM
Study Warns on Cumulative Effect of ‘Drip, Drip, Drip’ of Nuisance Flooding
Climate change is being felt in many coastal communities of the United States, not always in the form of big weather disasters but as a steady drip, drip, drip of nuisance flooding. According to researchers at the University of California, …

POSTED FEBRUARY 23, 2017 6:00 AM
Federal Appeals Court Rules Florida Doctors Can Ask Patients About Guns
A federal appeals court has ruled that Florida doctors can talk to patients about gun safety, declaring a law aimed at restricting such discussions a violation of the First Amendment’s right to free speech. The 11th U.S. Circuit Court of …

POSTED FEBRUARY 23, 2017 5:59 AM
Orchid Underwriters Rolls Out Admitted Homeowners Products in Alabama
Orchid Underwriters Agency, LLC, a specialty underwriter of excess & surplus insurance focusing on coastal properties, has launched admitted residential homeowners’ products through a new partnership with Spinnaker Insurance Co., a national property and casualty insurer. Orchid will roll out …

POSTED FEBRUARY 23, 2017 5:30 AM
Reality Star Sues Alaska-Based Reality Show over Safety Claims
A star of the Alaska-based reality series “Life Below Zero” is suing the show’s producers, alleging she was hurt while forced to perform dangerous acts in support of false story lines. The lawsuit against BBC Worldwide Reality Productions and others …

POSTED FEBRUARY 22, 2017 8:21 PM
The Path to Let Rideshare Companies into Alaska Not So Smooth
The drive to allow rideshare companies like Uber and Lyft to operate in Alaska has hit speed bumps. The bill, from Sen. Mia Costello, R-Anchorage, faces opposition from taxi companies worried the entrance of rideshare groups will drive down wages …

POSTED FEBRUARY 22, 2017 8:16 PM
Chicago Bears Seeking to Limit Players’ Workers’ Comp Benefits
Should injured pro athletes be allowed to earn workers’ compensation benefits until they are 67 years old, like other workers, even if their athletic careers normally would have ended more than 30 years earlier? That issue is being debated between …

POSTED FEBRUARY 22, 2017 5:54 PM
Louisiana Offers Tax Filing, Payment Extensions for Some Tornado Victims
Taxpayers who were victims of the severe storms and tornadoes that struck Louisiana earlier this month could be eligible for extensions filing their state taxes. Louisiana’s Department of Revenue announced that filing and payment extensions are available to people whose …

POSTED FEBRUARY 22, 2017 5:47 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Heil and Kay Insurance Agency Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

 

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