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Ward Stein, President, GTU

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

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Rick Sforzo, VP Transportation Div., Maxum

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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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Al Birch, Harco

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

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Bruce Hooker, LC Manager, Mattei

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GE faces shareholder lawsuit over insurance shortfall, SEC probe

Breaking News from Business Insurance - Fri, 02/16/2018 - 14:40
(Reuters) — General Electric Co. was sued on Friday by a shareholder who accused it of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.

Insurer not obligated to provide cover in phony policy scheme

Breaking News from Business Insurance - Fri, 02/16/2018 - 14:37
Evanston Insurance Co. is not obligated to provide professional liability coverage to an insurance agency, one of whose employees sold phony insurance policies and then absconded with the premium payments, says a federal appeals court, in affirming a lower court ruling.

Fire cleanup crews ordered to stop work over alleged comp violations

Breaking News from Business Insurance - Fri, 02/16/2018 - 14:23
Five contractors working to help clean up a fire disaster area in California’s Ventura County were ordered to stop work after investigators alleged multiple workers compensation violations, the county’s district attorney announced.

Aspen Ceases Underwriting Property Insurance from Bermuda Platform

Insurance Journal News and Information - Fri, 02/16/2018 - 14:20
Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move was made in response to CEO Chris O’Kane’s …

OneBeacon unit wins dispute over coverage for sunken tug boat

Breaking News from Business Insurance - Fri, 02/16/2018 - 13:49
A federal appellate court has overturned a lower court ruling and ruled in favor of a OneBeacon Insurance Group unit in a dispute with a protection and indemnity insurer over insurance coverage for a sunken tug boat.

Texas Petro-Chemical Contractor Sued for Disability Discrimination

Insurance Journal News and Information - Fri, 02/16/2018 - 12:47
A blood disorder led to the unlawful firing of three laborers at a Texas-based petro-chemical contractor, federal officials say. the U.S. Equal Employment Opportunity Commission (EEOC) has charged in a lawsuit that Signature Industrial Services LLC (SIS) unlawfully fired the …

Detroit Suburb Settles Fatal Police Shooting for $1.25M

Insurance Journal News and Information - Fri, 02/16/2018 - 12:24
A Detroit suburb agreed to a $1.25 million settlement in a lawsuit filed by the family of a woman who was fatally shot by police near a shopping mall, according to a document released on Feb. 15. A Dearborn officer …

Agency Warns of Possible Hepatitis Exposure at Arkansas Restaurant

Insurance Journal News and Information - Fri, 02/16/2018 - 12:19
State health officials say people who visited a Taco Bell restaurant in northeast Arkansas may have been exposed to hepatitis A after an employee tested positive for the virus. The health department says the affected restaurant is in Corning, about …

From claims to cameras: Overweight insurance salesman becomes model

Breaking News from Business Insurance - Fri, 02/16/2018 - 12:17
British model Gwilym Pugh used to be an insurance salesman, pudgy and shy, but today he is a svelte fashion model, the Daily Mail reports.

Associated Benefits and Risk Acquiring Wisconsin’s Diversified Insurance

Insurance Journal News and Information - Fri, 02/16/2018 - 12:14
Associated Benefits and Risk Consulting (ABRC) announced it will acquire Diversified Insurance Solutions (Diversified), based in Milwaukee, Wisconsin. The transaction is expected to close next month. Terms of the transaction were not disclosed. Based in Green Bay, Wisconsin, ABRC is …

Former Texas Agent Gets Life Sentence for Insurance Scam

Insurance Journal News and Information - Fri, 02/16/2018 - 12:13
A former Lubbock, Texas, insurance agent has been sentenced to life in prison and ordered to pay back $810,000 to his victims, the Texas Department of Insurance (TDI) reported. Officers with the Texas Department of Insurance Fraud Unit found that …

Owner of Arizona Car Rental Companies Hit with $1.8M Verdict

Insurance Journal News and Information - Fri, 02/16/2018 - 11:14
A judge has ruled that the owner of two rental car companies in Phoenix, Ariz. must pay $1.85 million for defrauding Arizona consumers. The verdict was announced this week by the Arizona Attorney General’s Office. State prosecutors filed a consumer …

Coal Company Cited for Safety Issues in Wyoming Miner’s Death

Insurance Journal News and Information - Fri, 02/16/2018 - 11:12
Rocky Mountain Power has been cited with a safety violation for the death of a miner in September. Jaimie Olivas was killed in the Bridger Underground Coal Mine when part of a wall of coal collapsed on him. The Casper …

Hundreds of Illegal Pot Shops Operating in Los Angeles, Police Say

Insurance Journal News and Information - Fri, 02/16/2018 - 11:09
Los Angeles has issued licenses to nearly 100 marijuana retailers but police estimate there are at least two times that number operating illegally in the city and undercutting those who are playing by the rules. Police have shut down eight …

New York Working to Deter Fraud, Manipulation in Virtual Currency Markets

Insurance Journal News and Information - Fri, 02/16/2018 - 10:15
New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to implement measures designed to detect, prevent and …

Motor Vehicle Deaths in U.S. Again Top 40,000

Insurance Journal News and Information - Fri, 02/16/2018 - 10:08
Motor vehicle accidents claimed 40,100 deaths in 2017, almost the same as in 2016 when 40,327 were reported. The National Safety Council says its preliminary 2017 estimate is six percent higher than the number of deaths in 2015 and, if …