News – Insurance Journal
|Protecting Unions Is a Labor of Love for Union Insurance Group
It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve …
POSTED JUNE 23, 2017 5:34 AM
|Highly Contagious Citrus Disease Spreads to Alabama
A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. Federal and state plant officials confirm that citrus greening was found in leaf and insect samples at a home …
POSTED JUNE 23, 2017 5:02 AM
|Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers are American International Group, XL Group …
POSTED JUNE 23, 2017 5:00 AM
|North Carolina Senate Passes Legislation to Reduce Opioid Abuse
Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The measure approved Wednesday changes how drugs such as OxyContin and morphine are prescribed and dispensed. The painkillers come with a high …
POSTED JUNE 23, 2017 4:58 AM
|Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates
Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to …
POSTED JUNE 23, 2017 4:36 AM
|Tennessee-Based Reliance Partners Promotes Howell to SVP
Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice president, overseeing HR and Finance. She …
POSTED JUNE 23, 2017 4:25 AM
|12 States Call Out California’s ‘Affront to Sound Insurance Regulation’
It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …
POSTED JUNE 22, 2017 10:24 PM
|Insurtech Startup Buys MGA in California with Product for Agents in Mind
Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …
POSTED JUNE 22, 2017 7:55 PM
|January, Rupper and Sanders Join RHSB Insurance in Dallas
Dallas-based independent insurance broker RHSB has added Austin January, Dan Rupper and John Sanders as assistant vice presidents. January, AVP employee benefits, is an experienced employee benefits consultant proficient in several functions of human capital management. Prior to joining RHSB, …
POSTED JUNE 22, 2017 4:51 PM
|Ex-Missouri Insurance Director Joins Dentons Law Firm in Kansas City
The global law firm, Dentons, has named John M. Huff as a partner in its insurance regulatory practice. He is based in Kansas City. Huff most recently served as director of the Missouri Department of Insurance, where he oversaw one …
POSTED JUNE 22, 2017 4:40 PM
IBR - Commercial lines News
|Berkshire’s Columbia Insurance to invest $303m in Home Capital
Warren Buffett’s Berkshire Hathaway, through its subsidiary Columbia Insurance, has agreed to invest about C$400m ($302.8m) for a 38.39% stake in Home Capital Group.
POSTED JUNE 23, 2017 7:25 AM
|Chaucer launches new company in Ireland to write international specialty business
Specialist insurance group Chaucer announces that the Central Bank of Ireland has approved the formation of a Dublin-based company that will do business under the name of Chaucer Dublin to write international specialty insurance and reinsurance business.
POSTED JUNE 22, 2017 7:37 AM
|HDI Global opens new office in Switzerland
European industrial insurer HDI Global has opened a new office in Berne which is the company's third location in Switzerland.
POSTED JUNE 22, 2017 6:50 AM
|Chubb inaugurates new office in Reading
Chubb has opened a new office in Reading, Berkshire, and made two key appointments to the local team, as it continues to invest in expanding its local presence in the UK and Ireland to support brokers and their clients.
POSTED JUNE 16, 2017 6:35 AM
|NFP purchases Brennan & Associates Risk Management & Insurance Services
NFP has acquired Brennan & Associates Risk Management & Insurance Services (B&A).
POSTED JUNE 13, 2017 1:43 PM
|Seeman Holtz acquires Vincent, Urban, Walker & Associates
Seeman Holtz Property and Casualty has acquired Vincent, Urban, Walker & Associates based in Green Bay, Wisconsin.
POSTED JUNE 12, 2017 1:47 PM
|Worley Claims purchases Apex Claims Service
Worley Claims Services, a US-based provider of insurance claims services, has acquired Apex Claims Service of New England, a provider of daily and catastrophe commercial and residential property claims headquartered in Westfield, Massachusetts.
POSTED JUNE 09, 2017 1:04 PM
|Regulator deal halts Berkshire Hathaway subsidiary’s bait and switch marketing tactics
Following a year of legal wrangling, Insurance Commissioner Dave Jones announced that the California Department of Insurance has come to a settlement agreement with Berkshire Hathaway subsidiaries to halt the bait and switch marketing tactics used to sell a workers' compensation insurance product, which led to a number of complaints from employers caught up in the costly and complicated policies.
POSTED JUNE 09, 2017 1:03 PM
|QBE selects Brussels as location for new EU legal entity
Business insurance specialist QBE is establishing a new subsidiary in Brussels, Belgium to preserve its ability to operate across the European Union (EU) after Britain leaves the EU.
POSTED JUNE 07, 2017 7:33 AM
|Co-operators General Insurance acquires Assurance Auclair
The Co-operators General Insurance has acquired Assurance Auclair, based in Quebec City, Canada.
POSTED JUNE 06, 2017 12:28 PM