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Indiana Couple Awarded $744K for Son’s Unnecessary Shoulder Surgery
A northern Indiana jury has awarded $744,000 to a couple who claimed a now-deceased doctor performed unnecessary surgery on their teenage son. Dean and Tracy Dixon’s medical malpractice suit alleged that Dr. Willard G. Yergler performed unneeded shoulder surgery in …

POSTED MAY 23, 2017 10:54 PM
State Auto’s Clark Named CEO of GuideOne Insurance
West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer (CEO). Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark assumes her new role on June 12. She succeeds …

POSTED MAY 23, 2017 10:52 PM
Colorado Hailstorm on Pace to be Most Expensive in State History
More than 150,000 auto insurance claims and 50,000 homeowners claims are estimated to be filed in the wake of a monster hailstorm that pounded Colorado’s Front Range on May 8, putting it on pace to be the state’s most expensive …

POSTED MAY 23, 2017 7:03 PM
California’s Enforcement against W.R. Berkley Ends in $12M Settlement
California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc. nka BXM Insurance Services Inc., …

POSTED MAY 23, 2017 6:52 PM
Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles
The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners on ways that both businesses and consumers may share driving …

POSTED MAY 23, 2017 6:00 PM
Vanessa Kinney, Hylant VP in Columbus, Ohio, Among ’40 Under 40′
Insurance brokerage firm, Hylant, announced that Vanessa Kinney, vice president, employee benefits team leader, is a Columbus Business First “40 Under 40” recipient. Now in its 25th year, the 40 Under 40 award program honors the best and brightest leaders in Central …

POSTED MAY 23, 2017 4:58 PM
Storm Triggered Sensor Halts Texas Roller Coaster, Strands Riders
Six Flags Over Texas says stormy weather including high winds triggered a safety sensor that halted a new roller coaster and left eight riders stranded for hours in its Arlington, Texas, theme park. The 120-foot-tall (36-meter-tall) Joker ride shut down …

POSTED MAY 23, 2017 4:52 PM
Texas Workers’ Comp Research Group Lays Out 2017 Agenda
The Texas Workers’ Compensation Research and Evaluation Group has released its 2017 research agenda, a blueprint for its efforts to provide critical data for decision-makers in the Texas workers’ compensation system, the Texas Department of Insurance reported. The research group requests suggestions …

POSTED MAY 23, 2017 4:50 PM
BenefitMall in Dallas Names Gomes Executive VP, Benefits Sales
Dallas-based BenefitMall, a provider of employee benefits, human resources and payroll products and services, has reappointed Michael Gomes as executive vice president, Benefits Sales Division. Gomes will be responsible for all benefits sales and services, including group, self-funded, senior and individual in …

POSTED MAY 23, 2017 4:45 PM
Top Iowa Court Upholds $85K Award in Workplace Discrimination Case
The Iowa Supreme Court has upheld an $85,000 discrimination judgment against a company whose owner repeatedly called a black worker “chocolate” and other racial epithets. Justices upheld the Dubuque Human Rights Commission’s order that Simon Seeding pay Jermaine Stapleton $49,500 …

POSTED MAY 23, 2017 4:42 PM
Oklahoma’s Insurance Commissioner: Phone Scams Targeting Storm Victims
Oklahoma Insurance Commissioner John D. Doak is urging storm victims to be on the lookout for scam artists. The Oklahoma Insurance Department’s Anti-Fraud Division has received complaints about suspicious phone calls to storm victims in Elk City and Perkins. The …

POSTED MAY 23, 2017 4:38 PM
O’Brien Promoted to Controller at Wisconsin’s SECURA Insurance
Appleton, Wisconsin-based SECURA Insurance recently promoted Tim O’Brien to controller from assistant controller. O’Brien has been with the company for 15 years. He joined SECURA in 2002 as the accounting manager. He has held various roles within the Finance Division including …

POSTED MAY 23, 2017 4:35 PM
University of Iowa to Settle Sports Bias Lawsuits for $6.5M
The University of Iowa will pay $6.5 million to settle high-profile discrimination lawsuits filed by former athletic administrator Jane Meyer and her partner, former women’s field hockey coach Tracey Griesbaum, according to settlements released on May 19. Iowa will pay …

POSTED MAY 23, 2017 4:30 PM
Florida Woman Caught Faking Workers’ Comp Injury Gets Probation
A South Florida woman was convicted of fraud May 3 and must serve 18 months of probation after she was caught hitting herself in the head with a ceiling sprinkler at work. The incident happened in October 2015 at CinqueáTerre …

POSTED MAY 23, 2017 4:22 PM
AXA to Add 550 Positions to North Carolina Location
Insurance company AXA plans to add 550 jobs in Charlotte, N.C., over the next five years, nearly doubling its local workforce. North Carolina officials announced the move May 9 after approving state tax breaks that could be worth nearly $12 …

POSTED MAY 23, 2017 4:08 PM
Labor Chief Will Let Fiduciary Rule Go Into Effect in June While Seeking Further Review
The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday. The department’s rule, which requires brokers offering retirement investment advice to act in the best interest of their …

POSTED MAY 23, 2017 3:52 PM
Swiss Re Places $925M Cat Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction through two classes of principal-at-risk variable rate notes issued by …

POSTED MAY 23, 2017 2:33 PM
EPB&B in Oregon Partners with ISU Insurance Network
Portland, Ore.-based Elliott, Powell, Baden & Baker has partnered with ISU Insurance Agency Network. EPB&B offers business and personal insurance. San Francisco, Calif.-based ISU Network is a organization with 180 mid-sized agencies in 30 states. Member agencies maintain local ownership.

POSTED MAY 23, 2017 2:13 PM
Zurich’s Bauman Joins XL Catlin to Head Global Programs, Captives
XL Catlin said it is expanding its global insurance programs and captive business with the appointment of Steven Bauman as head of its global programs and captive practice in North America. Bauman will provide technical support across business lines in structuring global captive programs, ensure …

POSTED MAY 23, 2017 1:32 PM
Cyber Security Firms in Spotlight Following WannaCry Attack
For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry “ransomware” attack hobbled some of its hospital customers in Britain’s National Health Service, forcing them to turn away …

POSTED MAY 23, 2017 1:27 PM
Deadly Times Square Attack Highlights NYC Pedestrian Safety
Fears of a terrorist attack prompted officials to ring many of the pedestrian plazas of Times Square with squat steel posts capable of stopping a speeding vehicle. But those barriers only cover so much ground. There were none of them …

POSTED MAY 23, 2017 12:25 PM
IIABNY Installs HF&C’s MacDonald as Chairman of the Board
The Independent Insurance Agent & Broker Association of New York (IIABNY) installed Richard MacDonald as chairman of the board on May 11, 2017. IIABNY exists to fulfill the educational, political, and business interests of more than 1,750 independent agencies and …

POSTED MAY 23, 2017 12:24 PM
MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus
Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will report to Gary Corke, CEO, Globe …

POSTED MAY 23, 2017 11:19 AM
A.M. Best Places Ratings of Sompo Japan Canopius Re Under Review
A.M. Best has placed under review with developing implications the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Zurich-based Sompo Japan Canopius Reinsurance AG. The credit rating action follows the successful completion the …

POSTED MAY 23, 2017 11:03 AM
Insured Losses for Europe’s Windstorm Thomas Rise to $279.2M: PERILS  
The latest property insured loss estimate for Windstorm Thomas, which on Feb. 23-24 hit the British Isles, the Netherlands, Belgium and Germany, is €249 million (US$279.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. …

POSTED MAY 23, 2017 10:31 AM
Pennsylvania’s Lacher & Associates Acquires Brunner Insurance
Lacher & Associates of Souderton, Penn., has acquired Brunner Insurance of Richlandtown, Penn. Founded by Gus Brunner in 1960, Brunner Insurance specializes in providing for the insurance needs of families and businesses. In 1995, Brunner transitioned the agency to Don …

POSTED MAY 23, 2017 10:14 AM
Maine’s Clark Insurance Appoints Ellis and Fifield as Senior Account Executives
Clark Insurance, a Portland, Maine-based independent insurance agency, has appointed Joshua Ellis and Joshua Fifield as senior account executives in the business insurance department of Clark Insurance. Ellis joined Clark in 2009 after serving as a claim adjuster for workers’ …

POSTED MAY 23, 2017 10:06 AM
Uber Drivers Arrested in Hong Kong for Driving Without Insurance
Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc.’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based technology company, …

POSTED MAY 23, 2017 10:02 AM
JLT Specialty USA Appoints Levitt as Executive Vice President in New York
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Gabe Levitt as executive vice president. Based in New York, Levitt will join JLT’s New York office and focus on servicing private equity firms, real …

POSTED MAY 23, 2017 10:00 AM
China Firms View Political Risks as Top Concern for Belt & Road Project
As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the route. Earlier this month Xi outlined plans to direct …

POSTED MAY 23, 2017 9:47 AM

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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