Thu, 29 Jan 2015 01:00:16 +0000
The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall profitability took a noticeable dip. As well t...
Wed, 28 Jan 2015 22:43:43 +0000
Super Bowl Sunday is among the most dangerous days to venture onto California roads as gatherings for the game at parties or restaurants prompt drivers to consume alcohol. More drinking-related crashes happen in California on the day of the National … ...
Wed, 28 Jan 2015 22:36:46 +0000
CNA Financial Corp. has named Chris Middleton business development leader in Los Angeles. Middleton is responsible for leading the execution of distribution management and sales initiatives. Middleton has more than 14 years of experience, including a p...
Wed, 28 Jan 2015 22:24:06 +0000
United Insurance, an independent insurance agency headquartered in Falmouth, Maine, announced the acquisition of the Shiretown Agency in Farmington, Maine. Terms of the transaction were not disclosed. United Insurance has 16 Maine locations and one in ...
Wed, 28 Jan 2015 20:09:16 +0000
California Insurance Commissioner Dave Jones has approved a filing that will enable Uber drivers purchasing coverage through Metromile to add a new coverage endorsement to their personal auto policy. That endorsement will provide insurance coverage dur...
Wed, 28 Jan 2015 19:24:57 +0000
Delaware Insurance Commissioner Karen Weldin Stewart today announced the approval of the Delaware Compensation Rating Bureau’s (DCRB) workers’ compensation amended rate filing, resulting in overall average decreases of 9.7 percent in the residual m...
Wed, 28 Jan 2015 19:00:16 +0000
A decision this week from U.S Court of Appeals in Philadelphia provides good reason for directors to resign from poorly managed companies to avoid personal liability, even if someone else is making the mistakes. The case indirectly stands for the … The...
Wed, 28 Jan 2015 18:53:39 +0000
Property/casualty insurance professionals are being asked to predict not only the winner of the 2015 Super Bowl this Sunday but also whether certain scenarios are likely to occur. Such as whether Seattle Seahawks running back Marshawn Lynch’s total y...
Wed, 28 Jan 2015 17:59:18 +0000
In the wake of the partial closure of a heavily traveled bridge in northern New Jersey last week, the state’s Transportation Commissioner Jamie Fox warned that the state’s failing roads and bridges cost drivers billions of dollars as the state … The ar...
Wed, 28 Jan 2015 17:58:37 +0000
XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive of XL Group’s Global Professional tea...
Wed, 28 Jan 2015 17:49:46 +0000
Willis North America announced the appointment of Joe Peiser as head of Casualty Broking. In this newly created role, Peiser will be responsible for the strategic direction of Willis North America’s casualty insurance offerings including workers’ c...
Wed, 28 Jan 2015 17:39:47 +0000
Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance, said it hired Darryl DeSouza from ...
Wed, 28 Jan 2015 17:27:37 +0000
Reopen Broadway, start up the trains, get the commuters back on the road. The great New York City blizzard of ’15 was a bust. Not that there was no snow — Manhattan’s Central Park had 7.9 inches (20 centimeters) as … The article New York City Blizz...
Wed, 28 Jan 2015 16:59:52 +0000
The Bermuda Stock Exchange (BSX) has issued a lengthy defense of its primary position as the “domicile of choice” for insurance linked securities (ILS); pointing out that 57 percent of such securities issued in 2014 were handled on the island, … The ...
Wed, 28 Jan 2015 16:44:34 +0000
Texas state Rep. Chris Turner, House District 101- Grand Prairie, has filed a measure that would clarify the definition of “claimant” in respect to a health care liability claim. HB 956 stems from the Texas Supreme Court’s decision in the … The article...
Wed, 28 Jan 2015 16:30:08 +0000
Oklahoma Sen. Ron Sharp has filed legislation to address the state’s high number of uninsured motorists especially those with DUI convictions. Senate Bill 260 would require an individual convicted of Driving Under the Influence (DUI) to have valid ...
Wed, 28 Jan 2015 16:17:36 +0000
A wholly owned subsidiariy of Enstar Group Ltd. has completed its acquisition of Companion Property and Casualty Insurance Co. from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casu...
Wed, 28 Jan 2015 16:01:58 +0000
When a 300-year-old Stradivarius violin valued at more than $5 million was stolen from Milwaukee Symphony Orchestra concertmaster Frank Almond last year, investigators initially believed the theft may have been the work of sophisticated art thieves. Th...
Wed, 28 Jan 2015 15:38:20 +0000
Keleigh Buchanan was promoted to assistant vice president at Dallas-based independent insurance broker Roach Howard Smith & Barton. Buchanan has 15 years of experience in the insurance industry. She specializes in offering products and services to high...
Wed, 28 Jan 2015 15:27:19 +0000
Kansas geologists say they need more funding to investigate an unprecedented spike in earthquakes in the state. Kansas Geological Survey Director Rex Buchanan told the House Energy and Environment Committee that about half a million dollars is needed t...
Wed, 28 Jan 2015 15:24:40 +0000
The U.S. Drought Monitor says more than 1.8 million Oklahomans are being affected by an ongoing, deepening drought. The Oklahoma Water Resources Board says that in the past month, the percentage of Oklahoma classified as being in exceptional drought ha...
Wed, 28 Jan 2015 15:21:55 +0000
The public is more likely to trust and comply with bad weather warnings—such as for winter snowstorms and icy roads—if authorities give their warnings as a probability estimate, according to risk researchers. The researchers were seeking to underst...
Wed, 28 Jan 2015 12:57:54 +0000
Property/casualty insurance media company Wells Media Group announced four C-suite and managerial staff promotions this week.  Julie Tinney now serves as chief marketing officer, Josh Carlson has been promoted to chief technology officer/chief innovat...
Wed, 28 Jan 2015 12:36:52 +0000
Schools, restaurants and businesses in the Lewisburg, West Virginia area were closed Monday and about 12,000 people were without water following a diesel fuel spill that prompted a shutdown of the city’s treatment plant and intakes to avoid contaminati...
Wed, 28 Jan 2015 12:35:48 +0000
A federal appeals court has refused to reconsider a decision that opens the door for cruise ship passengers to sue for medical malpractice. The 11th U.S. Circuit Court of Appeals rejected a bid by Royal Caribbean Cruise Lines to revisit … The article C...
Wed, 28 Jan 2015 12:00:04 +0000
Palm Beach County officials have fined the ride-hailing service Uber and six of its drivers more than $44,000. The Palm Beach Post reports the county conducted stings last week in Boca Raton and Delray Beach, issuing citations to Uber and … The article...
Wed, 28 Jan 2015 11:15:35 +0000
QBE European Operations, the group’s business insurance specialist, announced the appointment of Tom Johnson as Surety Underwriter within QBE’s Trade Credit and Surety department. He will take up his role in February and will report to Steve Manwar...
Wed, 28 Jan 2015 11:10:36 +0000
The Association of British Insurers announced that the cost of home insurance has fallen over the last year according to its latest Average Quarterly Household Premium Tracker, which is based on information from ABI members, who cover 90 percent of th...
Wed, 28 Jan 2015 11:06:19 +0000
Tokio Marine Kiln has appointed Paul Woodward as Head of Liability for its Company platform. He has more than 30 years’ experience in the liability insurance market, and will underwrite Employers, Product and Public Liability risks for clients in the...
Wed, 28 Jan 2015 02:04:32 +0000
More than 9.5 million people have signed up for 2015 individual health insurance on the new exchanges created under the national healthcare reform law, the U.S. government said on Tuesday, a number that surpasses its enrollment target for the year. … T...