Industry News

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California Insurance Commissioner OKs Workers’ Comp Pure Premium Reduction
November 15, 2019
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth con …

California Commissioner Orders FAIR Plan to Increase Homeowners Coverage Options
November 14, 2019
California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance market by wildfire risks. California Commi …

Top Risks Facing Cannabis Industry in 2020 Not What You Think
November 14, 2019
On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …

CEO of Gallagher’s UK Broker/Underwriting Unit Apologizes for ‘Insensitive Comments’
November 14, 2019
Simon Matson, CEO of Arthur J. Gallagher’s UK broking and underwriting business, has apologized for “insensitive comments” made when former employees left Gallagher-owned Alesco to join Ardonagh Group. Comments made by Matson and other Alesco executi …

Torres, Marquez Join Burns & Wilcox’s Houston Management Team
November 14, 2019
Suzette Torres and Gina Marquez have joined the Houston management team of wholesale insurance broker and underwriting manager, Burns & Wilcox. Torres joins as a managing director and Marquez joins as an operations manager. Torres oversees day-to …

Nationwide Names Sirota as Chief Pet Officer
November 14, 2019
Nationwide’s pet insurance operation has new top dog. Heidi Sirota has been named chief pet officer for Nationwide’s pet health insurance unit. In her new role, Sirota will oversee all aspects of Nationwide pet insurance operation including profitabi …

California Trucking Association Suing over New Independent Contractor Law
November 14, 2019
The California Trucking Association and two California independent owner-operator truck drivers have filed an amended complaint with the U.S. Southern District Court seeking declaratory and injunctive relief against California’s new independent contr …

Vermont Police Investigating After One Injured in Explosion of ‘Homemade Device’
November 14, 2019
Vermont police are investigating after one person was injured by the explosion of what’s described as a “small homemade destructive device.” Brattleboro police say there is no known concern for the safety of the public. Police and rescue crews were … …

Union Mutual of Vermont Companies Hires Campbell
November 14, 2019
Sean P. Campbell recently joined Union Mutual of Vermont Companies as assistant vice president of Personal Lines Underwriting and Business Development, President and CEO Michael Nobles announced. Campbell will be based in Central New York in his new …

Former Executive Sues MetLife Alleging Gender Bias; Insurer Denies Claims
November 14, 2019
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of diversity. Mona Moazzaz, a former c …

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