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News – Insurance Journal

Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law
The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurricanes/subtropical storms. Advisory Letter No. …

POSTED JUNE 22, 2018 12:23 AM
Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …

POSTED JUNE 22, 2018 12:04 AM
Arthur J. Gallagher Buys Marchetti, Robertson & Brickell Insurance and Bonding Agency
Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with offices in Ridgeland, Mississippi, and Kansas City, Missouri. Terms of the transaction were not disclosed. Founded in 1953, Marchetti, Robertson & Brickell …

POSTED JUNE 21, 2018 11:59 PM
Artist Sues NRA for Using Chicago’s ‘Bean’ Sculpture in video
The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by using an image of his work in a video advertisement last year. Anish Kapoor’s lawsuit filed in the U.S. …

POSTED JUNE 21, 2018 11:41 PM
Legislative Audit: Kansas Wildfire Response Underfunded, Understaffed
A legislative audit says Kansas’ wildfire suppression system is underfunded and understaffed and operates with a fragmented leadership. The Topeka Capital-Journal reports the audit was ordered after wildfires in 2016 and 2017 burned more than 800,000 acres in Kansas, causing …

POSTED JUNE 21, 2018 11:30 PM
Feds Fine Texas Cancer Center $4.3M for Data Breaches
Federal health officials have ordered the University of Texas MD Anderson Cancer Center to pay a $4.3 million fine for failing to secure health records stemming from data breaches. The Houston Chronicle reports the U.S. Department of Health and Human …

POSTED JUNE 21, 2018 11:29 PM
Wisconsin’s Integrated Risk Solutions Add McGee to Leadership Team
Integrated Risk Solutions in Waukesha, Wisconsin, has added John McGee to its leadership team as chief operating officer/chief financial officer. McGee has financial and operations executive experience in the construction, financial, real estate and nonprofit industries. He has a track …

POSTED JUNE 21, 2018 11:04 PM
Brady to Serve as Chair of the Independent Insurance Agents of Texas
The Independent Insurance Agents of Texas (IIAT) elected Jeffrey L. Brady of Brady, Chapman, Holland & Associates (BCH) in Houston, to serve as chair for 2018-19. Brady was elected during IIAT’s 121st Annual Conference and Trade Show in San Antonio. …

POSTED JUNE 21, 2018 11:02 PM
Supreme Court Rules Against SEC Naming of In-House Judges
The U.S. Supreme Court said on Thursday the way the Securities and Exchange Commission selected in-house judges who enforce investor protection laws was unconstitutional in a ruling allowing more presidential control over pivotal jobs in federal agencies. In a 7-2 …

POSTED JUNE 21, 2018 6:54 PM
AmTrust Shareholders Approve Revised $2.95 Billion Plan to Go Private
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist investor Carl Icahn opposed a previous proposal. The …

POSTED JUNE 21, 2018 4:57 PM

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