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News – Insurance Journal

McDermott Costa Acquires A.B. Stevenson in California
McDermott Costa Insurance has acquired A.B. Stevenson Insurance Brokerage based in San Leandro, Calif. Terms of the deal weren’t disclosed. A.B. Stevenson offers both personal and commercial insurance, including workers’ compensation, and business owners polices. McDermott Costa Insurance provides insurance …

POSTED NOVEMBER 08, 2019 9:15 PM
FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021
The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each home and reflects the cost of rebuilding …

POSTED NOVEMBER 08, 2019 7:02 PM
Mother of Brain-Damaged Boy Awarded $50M in Illinois Malpractice Suit
A jury awarded $101 million to the mother of a severely brain-damaged boy who sued a Chicago-area hospital for medical malpractice, but an agreement between the parties cut the amount to $50 million, a lawyer said. Attorneys told a Cook …

POSTED NOVEMBER 08, 2019 5:49 PM
After Leak in North Dakota, Keystone Pipeline Restart Waiting on Corrective Action
Federal regulators have ordered the Keystone pipeline to remain shut down until its Canadian owner takes corrective action aimed at determining the cause of a breach that leaked an estimated 383,000 gallons (1.4 million liters) of oil in northeastern North …

POSTED NOVEMBER 08, 2019 5:46 PM
Horvath, McManamy Promoted at Illinois’ Employee Benefits Provider, Trustmark
Trustmark, a national employee benefits provider headquartered in Lake Forest, Illinois, has promoted Steve Horvath and Sean McManamy to new positions. McManamy, a corporate senior vice president and member of the Trustmark enterprise leadership team, will assume leadership of HealthFitness, …

POSTED NOVEMBER 08, 2019 5:45 PM
Workers’ Comp Rate Decrease Approved for Louisiana
A filing by the National Council on Compensation Insurance (NCCI) that would reduce workers’ compensation insurance rates in Louisiana by 8.4% next year has been approved by Louisiana Insurance Commissioner Donelon. According to the Louisiana Department of Insurance, the decrease, …

POSTED NOVEMBER 08, 2019 5:44 PM
Martinez Joins Risk Consulting Practice in Chicago as Private Risk Practice Leader
Risk Consulting Partners (RCP) has added Amanda Martinez as Private Risk Practice leader, based in Chicago. Martinez brings more than 10 years’ experience to RCP in the private client property and casualty space. She joins the firm from Marsh USA, …

POSTED NOVEMBER 08, 2019 5:43 PM
Herrera Appointed Director of Operations at Texas Surplus Lines Stamping Office
The Surplus Lines Stamping Office of Texas (SLTX) has named Cheyenne Herrera director of Operations. Herrera originally joined SLTX in 1998 as a data entry clerk. She oversaw the implementation of the Electronic Filing System (EFS) beginning in 2003 and …

POSTED NOVEMBER 08, 2019 5:42 PM
Texas Insurance Industry, Local Police Departments Team Up for Vehicle Crime Prevention
Auto burglaries and thefts affect over 250,000 motorists each year in Texas resulting in more than $1 billion in losses according to the Motor Vehicle Crime Prevention Authority (MVPCA). Now through a program sponsored by the Insurance Council of Texas, …

POSTED NOVEMBER 08, 2019 5:41 PM
Undisclosed Settlement Reached Over Deadly Hawaii High-Rise Fire
Plaintiffs and defendants reached a settlement over a deadly Honolulu high-rise fire, although the amounts to be paid by insurance companies remains confidential, attorneys said. A settlement conference concluded Tuesday regarding the July 2017 Marco Polo building fire that killed …

POSTED NOVEMBER 08, 2019 4:21 PM

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