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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
TWFG in Texas Gets Capital Infusion for National Growth
The Woodlands Financial Group has completed the sale of a minority interest in its capital stock to RenaissanceRe Ventures U.S. LLC. The transaction will provide a capital infusion that Woodlands, Texas-based TWFG will direct toward expediting national growth. Terms of …

POSTED MAY 22, 2018 4:55 PM
New Marsh Coverage Protects Businesses From Pandemic Losses
Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk modeler Metabiota, is a …

POSTED MAY 22, 2018 4:53 PM
Florida Man Killed by Exploding Vape Pen
An exploding vape pen hurled fragments into a Florida man’s head, killing him and starting a fire that burned most of his body, an autopsy report said. The Pinellas-Pasco Medical Examiner’s autopsy report released May 15 confirms the vape pen …

POSTED MAY 22, 2018 4:41 PM
Flash Floods Prompt State of Emergency in 2 West Virginia Counties
Two counties in West Virginia have declared a state of emergency over flash-flood risks in the area. The Journal of Martinsburg reports the declaration in Jefferson and Berkeley counties comes after four days of torrential rains and storms hit the …

POSTED MAY 22, 2018 4:32 PM
House Set to Vote on Dodd-Frank Rollback Today
U.S. lawmakers are set to give President Donald Trump a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Legislation set for passage by the Republican-dominated House this week is the product of …

POSTED MAY 22, 2018 3:16 PM
Houston’s Harvey-Damaged Courthouse to Reopen in Early June
Some floors of the Hurricane Harvey-damaged main criminal courthouse in downtown Houston will reopen next month as part of the $70 million repair project likely not finished until 2019. Harris County officials say the Criminal Justice Center on June 4 …

POSTED MAY 22, 2018 3:05 PM

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