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Increase in California Workers’ Comp Pure Premium Sent to Department of Insurance
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The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2018 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.01 per $100 of payroll. That WCIRB’S proposed rate is 14.3 …

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New Jersey’s New Day Underwriting Names Webb AVP in Construction Division
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New Day Underwriting Managers, a Hamilton, N.J.-based specialty intermediary of environmental and construction-related professional liability insurance coverages, has named Bill Webb assistant vice president in the Construction Division. As an expert in architects and engineers (A&E), contractor’s professional liability (CPrL) …

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Carlton Fields Hires Silverman to New York Office
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Carlton Fields has hired Alex B. Silverman to its New York office as an associate. Silverman will practice in the firm’s Property and Casualty Insurance practice group. Silverman represents insurance companies in complex risks and coverage-related disputes involving multimillion-dollar general …

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Pennsylvania Selects Commissioner Miller to Lead Department of Human Services
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Pennsylvania Governor Tom Wolf has selected Insurance Commissioner Teresa Miller to lead the state’s Department of Human Services, effective August 21. He simultaneously announced in an email to state employees that Jessica Altman will serve as Miller’s replacement to lead …

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Louisiana Governor Wants to Broaden Homeowner Flood Grants
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Gov. John Bel Edwards announced Wednesday he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the rebuilding aid …

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Business News: Travelers, ISO, IAIABC
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Travelers Completes Acquisition of UK-Based Simply Business The Travelers Companies, Inc.completed its previously announced acquisition of Simply Business, a leading provider of small business insurance policies in the United Kingdom, offering products online on behalf of a broad panel of …

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State Farm can't get out of stacking-related bad-faith claim
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A judge has denied State Farm’s bid to end a bad-faith lawsuit that alleges the company refused to reimburse a man who had been charged for stacking insurance coverage even though he owned only one vehicle.

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People on the move in the P&C insurance industry: Aug 18, 2017
agentnewsjournal.com

News from The Navigators Group Inc., Wellthie, Meeker Sharkey & Hurley and more.

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Industrial Insurer HDI Global Forms Excess Surplus Lines Carrier
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Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will “bring European expertise and solutions” to the alternative energy, private public partnerships (P3s), and design-build construction markets, …

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