Singer/Songwriter/Pianist Akie Bermiss Set to Release EP January 23, 2018

NEW YORK, Jan. 18, 2018 /PRNewswire/ — Music protégé and cutting-edge solo songwriter/singer/pianist Akie Bermiss will release his new solo EP on January 23, 2018. Entitled #basedonatruestory, this 4-song collection was produced by Mister Goldfinger aka Ray Angry (of The World-Famous…

Powered by WPeMatico

JLT Specialty USA selects Chicago as headquarters

JLT Specialty USA Deputy CEO Pat Connelly, left, and Chicago Mayor Rahm Emanuel/ GAVIN SOUTER

CHICAGO — Brokerage JLT Specialty USA named Chicago as its U.S. headquarters on Thursday.
The unit of London-based Jardine Lloyd Thompson Group P.L.C. launched in the United States in 2014 with Denver as its main hub but did not have an official U.S. headquarters.
The office at 225 W. Wacker Drive in Chicago currently houses 60 JLT Specialty USA staff, and six of its 17 practice groups are located in the city, Michael Rice, CEO of JLT Specialty USA, said at press conference JLT held with Chicago Mayor Rahm Emanuel announcing the decision.
The brokerage plans to double the number of staff in the Chicago office over the next three to five years, Mr. Rice said.
Mr. Rice and Deputy CEO Pat Donnelly are based in Chicago.

Powered by WPeMatico

Specialty insurer appoints chief operating officer

Specialty insurer ProAssurance Corp. said Wednesday it has promoted Edward L. “Ned” Rand Jr. to chief operating officer.
In this newly created position, Mr. Rand will be responsible for the day-to-day operations of Birmingham, Alabama-based ProAssurance, reporting directly to chairman and chief executive officer Stan Starnes, the company said in its statement.
Mr. Rand, who has served for 13 years as ProAssurance’s chief financial officer, will continue in that role for the near future, the company said.
ProAssurance has expertise in healthcare professional liability, products liability for medical technology and life sciences liability, legal professional liability and workers compensation insurance, the company said.

Powered by WPeMatico

Tenn. adds 52 captives in 2017, passes $1B in written premiums

Tennessee added 52 captives in 2017, surpassing $1 billion in written premiums for the first time, the Tennessee Department of Commerce & Insurance said Wednesday.
The new captives, called risk-bearing entities by the department, consist of nine pure captives, four protected cell captives and 39 cell companies, the department said in a press release.
At the end of 2017, Tennessee had 591 risk-bearing entities, representing a 9% increase from 2016. Four years ago, the state had only two captives, but it has been building on a 2011 legislative change designed to make the state’s captive insurance laws more effective, balanced and flexible, according to the department.
“Not only are the size of new captives increasing, we are seeing the maturation of the captive insurance marketplace,” said Michael Corbett, the department’s director of captive insurance. “Captive owners are discovering better ways to manage risk through their existing program and are putting more risk, and therefore more premiums, into their captives.”
Companies have relocated captives to Tennessee from Bermuda, Delaware, Montana, Nevada, South Carolina, South Dakota, Vermont, Cayman, St. Kitts and Nevis.

Powered by WPeMatico

XL unit must defend brokerage in discrimination, harassment suit

An XL Group Ltd. unit is obligated to defend an insurance brokerage charged with discrimination and harassment under its employment practices liability insurance policy, says a federal appeals court in upholding a lower court ruling.
Employees of San Jose, California-based PHP Insurance Service Inc., who were predominantly Vietnamese-speaking individuals, had filed suit on charges including that the brokerage had purposefully hired immigrant workers to improperly take advantage of their lack of knowledge regarding labor and employment rights, and that they were forced to change their Vietnamese names to American names, according to Wednesday’s ruling by the 9th U.S. Circuit Court of Appeals in San Francisco in PHP Insurance Service Inc.; PHP Group Inc.; Trung Tran v. Greenwich Insurance Co.
After XL Group unit Greenwich Insurance, which is based in Stamford, Connecticut, refused to defend PHP, the broker filed suit, and the U.S. District Court in San Jose granted PHP summary judgment in the case.
A three-judge appeals court panel unanimously upheld the lower court’s ruling. “The district court properly held that Greenwich had a duty to defend based on allegations in the first amended complaint that were potentially covered by the (employment practices liability) policy’s definitions of discrimination and harassment,” said the ruling.
The plaintiffs’ allegations “sufficiently triggered a duty to defend based on the policy’s definition of ‘discrimination’ due to the ‘segregation, classification or modification of any term or condition of employment of any Employee … because of race (or) national origin,’” said the ruling, affirming the lower court’s judgment. 

Powered by WPeMatico

Indiana bill proposes a closed drug formulary

An Indiana bill would require the adoption of a closed drug formulary for injured employees by next year.
S.B. 369, authored by state Sen. Randall Head, R-Logansport, was introduced this month and would require a drug formulary for employees who file notice of injury or occupational disease, according to the bill’s latest texts.
The bill would also require prior authorization for drugs that are not on the formulary from the employer.
S.B. 369 had its first reading in the Indiana Senate on January 4, and was referred to the Committee on Pensions and Labor.

Powered by WPeMatico