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Weed Warning: Legalizing Marijuana Tied to Rise in Crashes in 3 States by HLDI
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Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about three percent higher overall than would have been expected without legalization, a new insurance report has found. The Highway Loss Data Institute …

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Randall & Quilter to Sell Lloyd’s Agency to Medical Liability Insurer Coverys
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Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability insurance based in Boston, Mass. …

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XL Catlin Promotes E&S Property Insurance Regional Leader in Boston
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XL Catlin’s excess and surplus (E&S) insurance team has promoted Caitlin Murphy from senior underwriter to the role of eastern regional vice president of E&S Property. In her new role, Murphy will direct regional underwriting operations and product and business …

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People on the move in the P&C insurance industry: June 23, 2017
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News from York Risk Services Group, New Day Underwriting Managers, Willis Towers Watson and more.

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U.S. cyber insurance continues to grow, according to Fitch Ratings
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The top 15 writers of cyber held approximately 83% of the market in 2016.

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Beecher Carlson Expands Energy Practice in the Northeast
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Beecher Carlson Insurance Services LLC (Beecher Carlson), a specialized large account insurance broker, has expanded the northeast operations of its energy practice. Sara Kane has been appointed senior vice president. She will be responsible for developing and managing energy risk …

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United Valley Adds 2 Members in Southern California
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United Valley has added Goodwin Insurance Agency Inc. of Redlands, Calif. and RBP Insurance Services Inc. of Valencia, Calif. to its network. Goodwin Insurance, which was founded in 2004 by agency owners Glenn Goodwin, Nick Goodwin and Holly Grimm, provides …

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Zenefits to Pay $3.4M for Fair Labor Act Violations in California and Arizona
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Zenefits is in trouble with another government regulator. San Francisco, Calif.-based Zenefits FTW Insurance Services violated the Fair Labor Standards Act by misclassifying 743 account executives and sales development representatives in San Francisco, and in Tempe and Scottsdale, Ariz., as …

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Partners Specialty Group Adds Swett & Crawford’s Coelho in Kansas City
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Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its property team. He is based in Kansas City, Mo. With almost 30 years of experience in the insurance industry, Coelho specializes in protection for challenging property risks, …

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