Fri, 04 Sep 2015 10:00:43 +0000
The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines – Segment Review.” Surplus lines insur...
Fri, 04 Sep 2015 09:42:44 +0000
The two massive explosions which hit China’s Port of Tianjin last month could generate insurance losses of up $3.3 billion, according to a report published by Guy Carpenter. The report estimates damages between $1.6 billion and $3.3 billion, which co...
Fri, 04 Sep 2015 09:12:48 +0000
The monthly report for August from Aon Benfield’s Impact Forecasting catastrophe model development team cites the “severe drought conditions” in the western U.S. as resulting in “economic losses expected to reach at least $3.0 billion – mostl...
Fri, 04 Sep 2015 09:04:33 +0000
Zurich Insurance Group announced that Kristof Terryn, currently CEO of Global Life, will take over as CEO of General Insurance, effective October 1, 2015. He replaces Mike Kerner, who is stepping down for personal reasons and will be leaving the … The ...
Fri, 04 Sep 2015 08:30:43 +0000
Specialist global insurer Hiscox announced the appointment of Eva Berg-Winters as head of UK Claims. Berg-Winters joins Hiscox from strategy consultants OC&C, where she was an associate partner. Originally from Germany, she has spent time working at Mc...
Fri, 04 Sep 2015 07:45:10 +0000
Bruce M. Hodges will join the Generali Group as group head of Information Systems, effective October 1, 2015, the Trieste, Italy-based company announced. Hodges will be responsible for Generali’s global IT systems and application landscape, with a fo...
Fri, 04 Sep 2015 07:25:30 +0000
Major tier 1 reinsurers stand to benefit most from a changing reinsurance market and mounting competitive pressures, while small mono-line companies will be the hardest-hit, according to a reinsurance report published by Fitch. Reported financial resul...
Fri, 04 Sep 2015 06:38:39 +0000
DUAL, the underwriting arm of the Hyperion Insurance Group, announced that its Frankfurt and London-based M&A Liability team is open for business. Niki Demirbilek joins as global head of M&A Insurance, supported by up to EUR/USD 50 million of A-rated …...
Fri, 04 Sep 2015 05:16:41 +0000
North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of William Jeffery Barnhardt, 65, of West End, Moore County; he is charged with two counts each of insurance fraud and obtaining property by false pretense. Department of Insuranc...
Fri, 04 Sep 2015 04:58:58 +0000
A lawsuit has been filed against CSX Corp. on behalf of southern West Virginia residents living near the site of a fiery oil train derailment. Charleston attorney P. Rodney Jackson said that the lawsuit was filed for more than 200 … The article West Vi...
Fri, 04 Sep 2015 04:50:39 +0000
Some legislators are once again trying to expand the number of certain erosion-controlling structures allowed by law along the North Carolina coast. This time, they’re trying to do it through the state budget. Republican budget negotiators confirmed We...
Fri, 04 Sep 2015 04:45:20 +0000
Kentucky transportation officials say the state is getting close to finalizing details of a new law that will require some drunken drivers to get ignition interlock devices on their vehicles. Transportation Cabinet spokesman Chuck Wolfe told The Paduca...
Thu, 03 Sep 2015 19:55:50 +0000
Engle Martin & Associates has completed its acquisition of a majority share of Eberl’s Claim Service Inc. of Lakewood, Colo. and its related companies. Eberl provides catastrophe loss adjusting and claims-related services with a focus on residential ...
Thu, 03 Sep 2015 19:04:40 +0000
More drivers aged 18 to 34, or millennials, are interested in usage-based auto insurance policies than are drivers in all other age groups. More millennials (88 percent) are interested in taking out a UBI, also known as telematics, policy compared … Th...
Thu, 03 Sep 2015 16:59:06 +0000
The Delaware Compensation Rating Bureau (DCRB) announced that it has submitted to the Delaware Department of Insurance a filing of revisions to the state’s Residual Market Plan, voluntary market loss costs and related rating values with a proposed effe...
Thu, 03 Sep 2015 16:50:16 +0000
A federal safety agency is proposing $42,000 in fines against a Waukesha, Wis., scrap yard where an employee was killed when he was struck by a forklift truck. The Occupational Safety and Health Administration cited Waukesha Iron & Metal Inc. … The art...
Thu, 03 Sep 2015 16:50:09 +0000
XL Catlin’s Excess & Surplus (E&S) Casualty business has unveiled a new geographically-focused structure and named three new regional leaders. Coy Rudd is appointed East regional vice president in New York; Ankur Chokshi was named Central regional vice...
Thu, 03 Sep 2015 16:41:30 +0000
Patrick Schul has joined RiskMatch, a Greenwich, Connecticut-based analytics firm for underwriters and brokers, as chief sales and marketing officer. Before joining RiskMatch, Schul was chairman and CEO of Schul Baker Partners, a firm he co-founded in ...
Thu, 03 Sep 2015 16:37:06 +0000
Scott Dillabaugh has joined the leadership team of Lockton Companies’ Benefits Agency as senior vice president. He will be based in Kansas City. Dillabaugh will focus on business development, fostering the company’s culture, and driving innovation.Â...
Thu, 03 Sep 2015 16:36:06 +0000
MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — to...
Thu, 03 Sep 2015 16:34:24 +0000
Five local measures prohibiting discrimination based on sexual orientation or gender identity cannot be enforced because of a new Arkansas law barring such protections, Attorney General Leslie Rutledge wrote in a nonbinding opinion. Rutledge said the s...
Thu, 03 Sep 2015 16:33:24 +0000
Lighthouse Property Insurance Corp., based in Orlando, Fla., appointed Maureen Gomez as marketing representative for Texas. With more than 22 years of experience in the insurance industry, Gomez has held marketing, underwriting and relationship manag...
Thu, 03 Sep 2015 16:30:10 +0000
Valley Insurance Agency Alliance (VIAA), a network of nearly 100 independent insurance agencies in Missouri and Southern Illinois, has added Wohltman-Aherin Insurance Agency as its newest alliance member. Founded in 1974 by Myron and Norma Wohltman, Wo...
Thu, 03 Sep 2015 15:48:50 +0000
Sony Pictures Entertainment Inc. has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio’s release of a comedy film set in … The article Son...
Thu, 03 Sep 2015 15:47:45 +0000
The small Oregon-based grocery-store chain Haggen this week sued Albertsons for more than $1 billion in damages, alleging the supermarket giant engaged in systematic efforts to eliminate it as a viable competitor in five states. The lawsuit, filed in ...
Thu, 03 Sep 2015 15:42:58 +0000
A Category 3 hurricane with forces not seen in Eastern Connecticut for nearly 100 years barrels into the mouth of the Connecticut River. Roads are blocked by downed trees and utility lines. Power is expected to be out for up … The article Local Conn. B...
Thu, 03 Sep 2015 15:37:24 +0000
New York City has reached a settlement with the Transport Workers Union regarding a lawsuit over the mayor’s recently implemented “Vision Zero” program that aims to eliminate all pedestrian deaths. TWU Local 100 had filed suit claiming a provision in …...
Thu, 03 Sep 2015 15:34:47 +0000
Bitcoin exchange itBit has hired Daniel Alter as the company’s new general counsel and chief compliance officer, the firm announced on Wednesday. Alter, who spent three years as general counsel to the New York State Department of Financial Services (DF...
Thu, 03 Sep 2015 15:21:46 +0000
Allied World Assurance Company Holdings, AG announced that its Allied World Global Markets unit has expanded its casualty team with the appointments of James Emerton as Vice President and Martin Fisher as Assistant Vice President. They will be based in...
Thu, 03 Sep 2015 15:18:08 +0000
Hub International Ltd. has acquired the assets of Arrow Insurance Service Inc. in Simi Valley, Calif. and it has acquired the assets of EmSpring Corp. in Washington. Terms of the deals were not disclosed. Arrow provides specialty retail insurance and …...