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Prosperity

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Ward Stein, President, GTU

“From my standpoint, Professional Safety Consulting is the best in the business.”

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Performance

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Rick Sforzo, VP Transportation Div., Maxum

“PSC has exceeded our expectations...”

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Bob Crescenzo, VP, Lancer

“Professional Safety Consulting is the one company that we trust to assist us by conducting safety and loss control audits.”

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Proven

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Al Birch, Harco

“The foundation of [our] relationship is based primarily on three building blocks - Trust, Integrity, Professionalism.”

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Integrity

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Bruce Hooker, LC Manager, Mattei

“Professional Safety Consulting seems to always go the extra mile to make sure that things are done right.”

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Kimberling City, MO 65686

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Support Grows for Delaying UK’s Exit from EU, as Brexit Deadline Looms

The risk of a no-deal Brexit appears to be receding after calls for a delay to the U.K.’s exit from the European Union won powerful backing in London and other EU capitals. The pound rose. Senior figures in the French …

Hurricane Florence Demonstrates Perils of Being Underinsured/Uninsured, Says RMS

Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for Florence will be between $2.8 billion and …

Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap

The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market has been blamed on the …

Barrier Collapse at North Carolina Construction Site Kills 1

Authorities in North Carolina say one person is dead and two people are hurt after a barrier collapsed at a construction site. News outlets report the N.C. Department of Labor said the accident occurred Tuesday at a site where affordable …

Lawsuit Filed Against School District Over Fatal Shooting at Kentucky High School

The estate of a girl killed and three other students wounded in a shooting at a Kentucky high school have filed suit against the school district and school officials, the teenage suspect and his mother and stepfather. The lawsuit filed …

Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters

The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes in the Southeast. From the …

Houston Company to Pay $250K in Workers’ Comp Fraud Case

Insurance Journal News and Information - Wed, 01/23/2019 - 19:54
A Houston company has pleaded guilty to workers’ compensation premium fraud in a case that spanned four years, the Texas Department of Insurance, Division of Workers’ Compensation announced. According to the announcement, Alpha Mar entered the plea in a Travis …

Winter Storm in Utah Leads to Avalanche, Crashes, Outages

Insurance Journal News and Information - Wed, 01/23/2019 - 16:24
A powerful winter storm has left a trail of traffic accidents, power outages and even an avalanche across Utah. Little Cottonwood Canyon reopened Tuesday morning, a day after an avalanche closed the canyon and State Route 210. Meanwhile, state troopers …

PG&E in California Secures $5.5B in Credit and Loans to Operate During Bankruptcy

Insurance Journal News and Information - Wed, 01/23/2019 - 16:22
The nation’s largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy. Pacific Gas & Electric said in a regulatory filing Tuesday it secured commitments from JPMorgan Chase, Bank …

Travelers Partners with ASQ Underwriting on Transactional Risk Insurance

Insurance Journal News and Information - Wed, 01/23/2019 - 12:59
The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to insurance to mitigate deal risk and compete for acquisition …

Oklahoma School District Settles Sexual Abuse Case for $3.5M

Insurance Journal News and Information - Wed, 01/23/2019 - 12:24
A settlement has been reached in a federal lawsuit accusing an Oklahoma school district of shielding a sexual predator and calling children liars. Perry Public Schools admitted liability for the “unwanted and unlawful touching” of 14 girls by a former …

Shofner Joins LP Risk in Texas as Director of Operations

Insurance Journal News and Information - Wed, 01/23/2019 - 12:00
Bryan Shofner has joined Houston-based wholesale insurance broker and managing general agency, LP Risk, as director of operations. Shofner’s previous roles include senior vice president of Marsh McLennan Agency LLC and president and CEO of Shofner & Associates Insurance Agency. …

Cannasure Hires Dharia as Client Service Director in Ohio

Insurance Journal News and Information - Wed, 01/23/2019 - 11:52
Cannasure Insurance Services (Cannasure), an insurance managing general agent (MGA) and wholesale broker for the cannabis and hemp industries, has hired Jay Dharia as client service director in the group’s Cleveland, Ohio, corporate office. Dharia will be responsible for the …

AIG’s Strong Joins Tokio Marine as Business Innovation Officer

Insurance Journal News and Information - Wed, 01/23/2019 - 11:47
Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital innovation. Strong has 20 years of insurance and reinsurance industry experience including …

Former Iowa Agent Convicted of Insurance Fraud

Insurance Journal News and Information - Wed, 01/23/2019 - 11:46
A former Iowa insurance agent has been convicted of insurance fraud following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau. The division reported that Joy Marie Heldt, age 48, of Madrid, was convicted of Fraudulent Submissions to …

France Fines Google $57M for Breaching EU’s Data Privacy Rules Under GDPR

Insurance Journal News and Information - Wed, 01/23/2019 - 11:24
France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union online privacy rules, the biggest such penalty levied against a U.S. tech giant. The French regulator said the world’s biggest …

AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers

Insurance Journal News and Information - Wed, 01/23/2019 - 11:23
American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was led by Cox Enterprises. American …

CopperPoint in Arizona Names Rachel Davis-Schultz SVP, Chief Human Resources Officer

Insurance Journal News and Information - Wed, 01/23/2019 - 11:05
Phoenix, Ariz.,-based CopperPoint Insurance Cos. has named Rachel Davis-Schultz senior vice president and chief human resources officer. Rachel has more than 21 years of experience. For the past 10 years, she has been with Express Scripts, a pharmacy benefit manager. …

Bayer Wants California Judge to Limit Evidence in Another Roundup Cancer Trial

Insurance Journal News and Information - Wed, 01/23/2019 - 10:58
Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a request previously successful with another judge. Monsanto …