National News

White Mountains Invests $13M in Title Insurer, OneTitle

Bermuda-based holding company White Mountains Insurance Group Ltd. has agreed to provide up to $13 million to OneTitle National Guaranty Co. Inc. and will take a minority stake in the company. OneTitle is a licensed New York title insurance underwriter …

Buckeye’s Haines Becomes AAIS Chairman; Motorists’ Kaufman Elected to Board

R. Douglas Haines, president and CEO of Buckeye Insurance Group, Piqua, Ohio, is the new chairman of the board of the American Association of Insurance Services (AAIS). Also, the group has elected David Kaufman, president and CEO of Motorists Insurance …

Karon Joins TigerRisk Partners as Vice Chairman

Reinsurance broker TigerRisk Partners has appointed industry veteran Paul Karon as vice chairman. In his new role, Karon will be a “senior leader, dealmaker, mentor and strategic advisor” to the Tiger leadership team, according to Rod Fox, CEO. Karon began …

House Passes Cyber Threat Sharing Bill

The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with each other and the government without fear of lawsuits. The vote was 307-116 in favor …

Big ‘I’ Recognizes Top Young Agent, States in Political Fundraising

The Independent Insurance Agents & Brokers of America (the Big “I”) this week presented awards to state affiliates and agents that have been the most effective raising money for the agents’ political action committee, InsurPac. This year’s winners of the …

Court Approves NFL’s Concussion Injury Settlement

The National Football League won final court approval of a $765 million settlement of ex-player head-injury claims, overriding criticism that the money still falls short and the deal terms are unfair. The decision ends almost two years of negotiations over …

ACE’s Greenberg Cautions on Pricing, Growth Pressures

ACE Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win business. “It’s not back to the late …

‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB

Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts fell 2.3 percent, compared with a decline of …

Judge Challenges Legality of U.S. Taking Over AIG During Bailout

The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments that assuming control of the insurer didn’t amount to taking shareholder property. Maurice “Hank” Greenberg’s Starr International Co., AIG’s largest …

House Expected to Pass Cyber Threat Sharing Bill Today

The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without fear of lawsuits. Congressional aides said on …

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