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Allianz & Standard Chartered Form Bancassurance Partnership in Asia

Standard Chartered Bank and Allianz have formed a 15-year bancassurance partnership for the distribution of Allianz’s general insurance products, including travel, personal accident, fire and motor insurance products, to Standard Chartered’s retail banking clients in five key markets across Asia. …

Global Temperatures Hit Record High for 3rd Year in Row in 2016

World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set by the Paris climate change deal, with extremes including unprecedented heat in India and ice melt in the Arctic, scientists said on …

XL Catlin Appoints Middleton to Manage Ceded Reinsurance Placements

XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally. In her new role, Middleton, who is based in Londo, will be responsible for overseeing and negotiating the terms, structure and pricing of XL Catlin’s …

California Stays More than $1B in Liens Linked to Workers’ Comp Fraud Charges

California’s Department of Industrial Relations (DIR) has stayed more than 200,000 liens worth a combined claim value of more than $1 billion that are linked to 75 medical providers facing criminal fraud charges. The DIR announced the liens in conjunction with …

USI Acquires Ohio’s Diversified Insurance Service

USI Insurance Services (USI) has acquired Diversified Insurance Service, a risk management and employee benefits firm headquartered in Elmore, Ohio. Founded in 1948, Diversified Insurance Service provides personal risk, commercial and employee benefits products for clients throughout Ohio. Terms of …

Team Formed to Review How Wildfire Spread to Tennessee Tourist City

Authorities are forming a team to investigate the massive fires that tore through a Tennessee tourist city late last year, killing 14 people. The team will be made up of representatives from the Park Service, the U.S. Forest Service, the …

Everest Insurance Launches Auto Buffer Coverage for Large Motor Fleets

Everest Insurance has launched an auto buffer product for U.S. clients with well managed motor fleets of 250 to 1,000 units. The product will be offered through a limited network of appointed wholesale brokers specializing in the transportation market. Connie …

Bluetooth Toothbrushes, Telematics, Fitbits and Data Tracking Acceptance

Twice a day, Scott Ozawa’s Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance gets premium discounts. The …

Expect the Unexpected in U.S. Casualty Insurance Market in 2017: Marsh

Insurers and customers are increasingly embracing the Internet of Things but greater reliance on these technologies could bring problems that ripple through an entire connected system. The unintended consequences from greater use of IoT will be a major trend in …

Ironshore Expands High Net Worth Homeowners Coverage Into New York

Ironshore Private Client Group has expanded its Private Insurance Portfolio product to high net worth homeowners throughout the state of New York, effective Jan. 23, 2017. Ironshore Private Insurance Portfolio, a customized policy providing property and liability coverage for homes …

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