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UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia
British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave the European Union. Banks, …

POSTED JULY 23, 2018 7:41 AM
Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …

POSTED JULY 23, 2018 7:19 AM
Texas Stamping Office: E&S Insurance Premium Up 9.4% at Mid-Year
Excess and surplus lines (E&S) insurance premium recorded by the 15 managing service offices in the United States increased 9.4 percent as of the 2018 mid-year point, the Surplus Lines Stamping Office of Texas (SLTX) reports. Total premium reported reached …

POSTED JULY 23, 2018 5:46 AM
Protective Insurance, AmWINS to Offer For-Hire Commercial Trucking Product
Protective Insurance Co., a property-casualty insurer specializing in trucking and workers’ compensation, has partnered with AmWINS Transportation Underwriters (ATU) to offer a program to support for-hire commercial trucking fleets with up to 24 trucks beginning in the fourth quarter of …

POSTED JULY 23, 2018 5:14 AM
Court Allows Trial in Children’s Lawsuit Against U.S. Over Climate Change
A federal appeals court in San Francisco on Friday rejected the Trump administration’s renewed bid to dismiss a lawsuit by young activists who say the U.S. government is ignoring the perils of climate change. By a 3-0 vote, the 9th …

POSTED JULY 23, 2018 5:00 AM
Warren G. Bender Co. in California Names Wood Personal Lines Manager
Warren G. Bender Co. in Northern California has named Jeffrey Wood manager of its personal lines department. He has 21 years of experience in personal insurance. He was previously an agent with Albano, Dale, Dunn & Lewis Insurance Services Inc. …

POSTED JULY 23, 2018 5:00 AM
Fire at North Carolina Apartment Complex Injures 4, Damages 16 Units
At least four people have been hurt after a fire started at an apartment complex in North Carolina’s largest city. The Charlotte Fire Department said firefighters were called around 4:30 a.m. Friday and had to call more firefighters to help …

POSTED JULY 23, 2018 4:46 AM
Mississippi Insurance Producer Surrenders License After Cease & Desist Order
A Mississippi insurance producer has surrendered his licensed after being served a cease and desist order by the Mississippi Insurance Department. According to a statement from MID, James Michael Brand surrendered his insurance producer’s license on June 22. The license …

POSTED JULY 23, 2018 4:45 AM
Appalachian Underwriters Adds Stavrakos to Brokerage Division in Florida
Appalachian Underwriters, Inc. has added Peter Stavrakos to its brokerage office in Sarasota, Fla. He will be joining the Professional Liability team where he will focus on the coverage needs of both smaller and larger professional and management liability accounts. …

POSTED JULY 23, 2018 4:03 AM
Study Examines California Worker’s Comp Prescription Drug Outcomes Under New Formulary
A new analysis offers a preliminary look at Utilization Review and Independent Medical Review outcomes involving pharmaceutical requests for California injured workers since the state implemented a workers’ compensation formulary in January. The analysis from the California Workers’ Compensation Institute …

POSTED JULY 20, 2018 8:47 PM

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