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News – Insurance Journal

A.M. Best Assigns Credit Ratings to Wisconsin’s CM Select Insurance
A.M. Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (ICR) of “a” to Wisconsin-based CM Select Insurance Co. (CM Select), a wholly owned subsidiary of Church Mutual Insurance Co. (CMIC). The …

POSTED MAY 23, 2018 5:03 AM
Businesses, Big and Small, Come to Terms with New Data Privacy Law
Lisa Meyer’s London hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles, color trends and keeping …

POSTED MAY 23, 2018 5:00 AM
Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market
A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve the cyber insurance problem for small …

POSTED MAY 23, 2018 4:45 AM
Unlicensed Insurance Providers Served Cease & Desist Orders by Tennessee Regulator
Two former Tennessee insurance providers have been served cease and desist orders by the Tennessee Department of Commerce & Insurance (TDCI) in response to fraudulent practices the department says they used to sell insurance and scam consumers. TDCI issued a …

POSTED MAY 23, 2018 4:44 AM
NBIS in Atlanta Adds Nelson as Transportation Program Manager
NationsBuilders Insurance Services, Inc. (NBIS), a provider of specialty program insurance, has added Chris Nelson as transportation program manager. Nelson will represent NBIS within the transportation industry, specifically the Specialized Transportation & Heavy Haul groups and the Specialized Carriers and …

POSTED MAY 23, 2018 4:40 AM
North Carolina Storm Recovery Chief Accedes Frustrations Over Hurricane Matthew Recovery
North Carolina’s emergency management chief acknowledged a laborious process for homeowners seeking federal funds for repairs due to Hurricane Matthew and is looking for improvements looking to the next storm. While more than $630 million in federal and state funds …

POSTED MAY 23, 2018 4:38 AM
California Worker’s Comp Directors and Officers Cleanup Law Takes Effect July 1
A new law that enables corporate directors and officers owning at least 10 percent of a business to opt out of workers’ compensation coverage goes into effect on July 1. The law is intended to reduce the threshold of ownership, …

POSTED MAY 22, 2018 9:49 PM
WCRI Study: Illinois’ Cost per Workers’ Comp Claim Grew 1-3 Percent Annually
The average total cost per workers’ compensation claim in Illinois grew annually between 1 to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute. The growth was due to small to moderate changes in …

POSTED MAY 22, 2018 5:48 PM
Farmers Group in California Names Daly President of Personal Lines
Woodland Hills, Calif.-based Farmers Group Inc. has named Keith Daly president of personal lines. Daly, who is currently Farmers’ chief claims officer, takes the new post effective June 11. He joined Farmers in 2009 through the acquisition of 21st Century …

POSTED MAY 22, 2018 5:35 PM
Castel Specialty Taps White to Lead New Political Risk Division
Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White, Castel Political Risk will primarily underwrite contract …

POSTED MAY 22, 2018 4:58 PM

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