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Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival

Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,” Maloney said on a conference call with analysts Wednesday. “I see …

Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s

Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the six months through June, while gross written premiums fell …

Generali 2nd Quarter Profit Rises 51% on Life Business

Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer increased to 626 million euros ($687 million) from 415 million euros a year …

Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima

Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry of Finance …

Study: Kentucky Prescription Drug Law Successfully Curbing Abuse

Prescriptions for painkillers and doctor-shopping by pill seekers have decreased since Kentucky passed legislation targeting prescription drug abuse, according to a University of Kentucky study. The law passed during a special session in 2012 expanded the state’s prescription drug monitoring …

James Appointed Florida Insurance Consumer Advocate

Chief Financial Officer Jeff Atwater has appointed Sha’Ron James as the state’s Insurance Consumer Advocate effective August 3. The role of Florida’s Insurance Consumer Advocate is to independently and ardently represent the needs of policyholders when insurance decisions are made. …

Fire Damage at West Virginia’s Historic Harper’s Ferry Estimated at $2M

A state fire official says a fire in’s Harpers Ferry, W. Va.’s commercial area caused about $2 million in damage. Assistant state fire marshal George Harms tells The Herald-Mail that the cause of the fire hasn’t been determined. The fire …

Claims Services Provider Dimont Names New Executive Team in Dallas

Dallas-based hazard claims insurance processing service provider, Dimont, has added Denis Brosnan, Albert Strausser and Dick Volentine to the company’s executive leadership team, and promoted Fran Weichsel, Darcy Stennes and Collin Harbour. Brosnan, who has been named president and chief …

Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows

Workplace deaths in Oregon for the second quarter of 2015 were down markedly from the previous quarter, possibly resuming a long-turn trend of deaths on average falling steadily since the 1980s, according to the the state bureau that tracks the …

Fed Up with Crummy Streets, Detroit-Area Residents Patch Potholes

Some Detroit-area residents fed up with the crummy condition of certain streets are taking matters into their own hands. Volunteers with the recently started Hamtramck Guerrilla Road Repair effort started filling in potholes July 25 on one roadway and they …

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