Author Archives: Editor - Finance Top Stories

Texas Insurance Agencies Higginbotham, Aycock & Fowler Merge

Fort Worth, Texas-based Higginbotham and Aycock Fowler, in Lubbock, Texas, have merged. Both are independent insurance firms providing property and liability insurance, risk management and employee benefit services to businesses and individuals. Higginbotham in recent years has expanded throughout Texas by partnering … Continue reading

Filed under Financial | Tagged |

West Virginia’s Coal Country Split as New Law Pits Owners, Workers: Commodities

Mike Caputo, one of the top Democrats in the West Virginia legislature, began working in the state’s coal mines at age 19. It helped put his kids through school, he said, and helped him pay for his family home. Now … Continue reading

Filed under Financial | Tagged |

Redmer Takes Oath of Office as Maryland’s Insurance Commissioner

The Maryland Insurance Administration (MIA) announced that Al Redmer, Jr. took the oath of office on Feb. 27 to serve as Maryland’s insurance commissioner. Redmer succeeds Therese M. Goldsmith, who stepped down from the post when Lawrence J. Hogan, Jr. … Continue reading

Filed under Financial | Tagged |

Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims

With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling — Oklahoma Insurance Commissioner … Continue reading

Filed under Financial | Tagged |

Specialty Insurance Group Increases Casualty Capacity to $25M

Specialty Insurance Group (SIG) has increased its excess/umbrella coverage underwriting capacity to $25 million, an increase of $15 million. SIG provides specialty insurance programs in the sports, leisure and entertainment industries. According to SIG, an affiliate of Everest Re Group, … Continue reading

Filed under Financial | Tagged |

Connecticut Debates How to Regulate Rideshare Services

Connecticut is the latest state to grapple with how to regulate Uber and other ride-hailing services being embraced by the public but angering the long-established taxi and livery industry. Taxi and livery drivers say they’re under assault by unfair competition … Continue reading

Filed under Financial | Tagged |

UCPM Environmental Launches Program for Indoor Air Quality, Mold Liability

UCPM, Inc., an environmental insurance provider, has partnered with Great American Insurance Co. to offer the IAQ Advantage package for indoor air quality and mold liability coverage. This online program targets real estate locations including apartments, condos, hotels, offices, and … Continue reading

Filed under Financial | Tagged |

Lockton Names Linden as Sr. Claims Consultant in St. Louis

Lockton’s St. Louis office named Jim Linden as assistant vice president-senior claims consultant in its mining risk management practice. The industry veteran will guide clients as their claims advisor and advocate. Linden will advise Lockton clients in developing robust and leading-edge claims management programs, … Continue reading

Filed under Financial | Tagged |

China’s ‘changing reality’ a challenge and opportunity for the West: Wharton Dean

When it comes to China, Westerners tend to focus on four major trends: – The slowdown of their economic growth.- Their crackdown on corruption.- The growth of their middle class.- The emergence of a Chinese private sector led by tech … Continue reading

Filed under Financial | Tagged , , , , |

China’s ‘changing reality’ a challenge and opportunity for the West: Wharton Dean

When it comes to China, Westerners tend to focus on four major trends: – The slowdown of their economic growth.- Their crackdown on corruption.- The growth of their middle class.- The emergence of a Chinese private sector led by tech … Continue reading

Filed under Financial | Tagged , , , , |