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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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Trust

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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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Professional Safety Consulting PO Box 369
Kimberling City, MO 65686

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Insurance Salesman Sentenced for Stealing Man’s Inheritance in New Jersey

An insurance salesman convicted of stealing a client’s inheritance is now headed to prison. Federal prosecutors say Patrick McCullagh received a three-year sentence Wednesday. The 70-year-old Georgetown, Kentucky, man must also pay $98,067 in restitution. Prosecutors say McCullagh defrauded the …

12 Sickened By Carbon Monoxide at Maryland Work Site

Officials in Maryland say 12 construction workers were taken to a hospital after they were sickened by carbon monoxide at a work site. Anne Arundel County Fire Department officials say firefighters were called to the Navy Federal Credit Union in …

Core Assurance Partners Acquires Virginia’s E.L. Creech & Co.

Core Assurance Partners, a financial services company headquartered in Hampton Roads, Va., has acquired E. L. Creech & Co. Inc., a fourth-generation, family-owned property and casualty firm based in Virginia Beach, Va., where it will maintain its offices. Terms of …

New York’s Global Warming Suit Against Oil Companies Tossed

A U.S. judge threw out New York’s lawsuit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change. U.S. District Judge John Keenan dismissed the city’s claims against Exxon Mobil Corp., Chevron Corp., …

Thieves Steal $10 Million of Cobalt from Vollers Group Rotterdam Warehouse

It’s not just hedge funds that have noticed the cobalt boom — thieves have too. About 112 metric tons of cobalt was stolen from a warehouse in Rotterdam run by Vollers Group Gmbh earlier this month, according to a statement …

U.S. Energy Regulator Pushes for Disclosure of Cyber Attacks on Electric Grid

The U.S. government on Thursday asked power generators to disclose more information about cyber attacks amid growing concern that foreign hackers could disrupt the electric grid. The Federal Energy Regulatory Commission (FERC), an energy industry regulator, called for the power …

Climate Change Is Beginning to Shift Planet’s Seasons: Scientists

Pouring through four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the very “march of the seasons themselves.” Ever-mindful of calculable uncertainty and …

Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access

Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the European Union, Markel Insurance SE (MISE) will be …

Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass

Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance industry. ChainThat made a similar move …

AXIS Insurance Promotes Randell to Head of Canada Insurance & Chief Agent, Canada

AXIS Insurance, a business segment of AXIS Capital Holdings Ltd., announced the promotion of Brad Randell to head of Canada Insurance, and chief agent, Canada, subject to review and/or approval of various Canadian regulatory entities. Randell will oversee AXIS’ insurance …

Drug Firms Sue Illegal Web Sites for Opioid Crisis

Two pharmaceutical companies say the real culprits in the opioids epidemic are illegal dealers of the painkillers and want them to be on the hook financially for any damages potentially assessed against drugmakers. Endo International Plc and Mallinckrodt Plc sued …

Wells Fargo Begins Refunds of Add-On Product Fees

Wells Fargo & Co. is issuing refunds for monthly fees it charged on so-called add-on products that customers may not have fully understood. “We are reviewing add-on products sold to consumers by the bank or its service providers and if …

Cybersecurity Tops D&O Liability Risks

Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks are also critical D&O exposures. According to Willis Towers Watson’s 2018 Management …

Safety Agency Finds 10% of Veteran Coal Miners Have Black Lung Disease

More than 10 percent of America’s coal miners with 25 or more years of experience have black lung disease, the highest rate recorded in roughly two decades, according to a government study released on Thursday that showed cases concentrated heavily …

Bond Insurer Urges Receiver for Puerto Rico’s Bankrupt Utility

MBIA Inc.’s National Public Finance Guarantee is urging Puerto Rico’s federal board to consider putting a receiver in charge of the island’s bankrupt power utility after the electricity provider lost two chief executive officers last week amid an uproar over …

7th Lawsuit Against Opioid Makers Filed by Kentucky AG

The company’s website claimed its product would “enable patients to stay in the workplace, enjoy interaction with family and friends and remain a member of society.” But Kentucky’s Attorney General is more interested in what the company did not say: …

North Carolina Scrap Metal Yard Fire Leads to Neighbor Evacuations, Power Outages

A fire caused heavy damage at a North Carolina scrap metal yard, forced evacuations from a nearby neighborhood and cut electricity to around 1,400 customers. Officials in Salisbury said in a statement the fire erupted Wednesday at Holmes Iron and …

Brooks Insurance Appoints Sammons to Lead Florida/Southeast Market Expansion

Brooks Insurance Agency, a multi-line wholesaler and broker, has hired Robert Sammons as vice president and broker. In his new role, Sammons will be responsible for wholesale brokering and servicing small- and medium- sized retail agencies and brokers with a …

Michigan Court Backs Insurer Denying $300K Payout in Head-On Crash

Insurance Journal News and Information - Thu, 07/19/2018 - 20:23
An insurance company refused to pay $300,000 in a head-on crash that killed a Michigan man and his mother after a doctor came up with a key conclusion: Robert Krugman likely drifted out of his lane because of a heart …

Brown & Brown Subsidiary Acquires Texas MGA and Arkansas Affiliate

Insurance Journal News and Information - Thu, 07/19/2018 - 20:15
Texas Security General Insurance Agency LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Loving and Etheredge Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its affiliate, Arkansas Insurance Facilities Inc. (AIF). TCIF …