Monthly Archives: <span>April 2013</span>

Rules for Health ‘Navigators’ Head to Ohio Governor

A bill to require training and certification for a new group of professionals who will be available to guide consumers through the new health insurance market is on its way to Ohio Gov. John Kasich. The House agreed 87-7 to …

Insurance Cards Could Go Digital Under Missouri Bill

The smartphone era could spare Missouri motorists from digging through their glove boxes for their insurance cards when they’re stopped by law enforcement. State senators passed SB317, which would authorize drivers to show digital images of their proof-of-insurance cards to …

J.M. Wilson Adds Assistant Transportation Underwriter in Illinois

Managing general agency, J.M. Wilson, has added Cherlyn Mims to its transportation team as assistant transportation underwriter in the company’s Arlington Heights, Ill., office. Mims provides assistance to the transportation staff and office manager. She is responsible for underwriting new …

AXIS Capital Posts $303 Million Q1 Net Income; $227 Million Operating

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2013 of $303 million, or $2.55 per diluted common share, compared with $122 million, or $0.96 per diluted common share, for the first …

North Carolina Getting $211M from Cigarette Lawsuit Settlement

North Carolina’s annual share of payments from top cigarette companies paying for smoking-related health care costs is $211 million. North Carolina Attorney General Roy Cooper notified Gov. Pat McCrory and legislative leaders on Friday how much money was going to …

State of Emergency in 12 Kentucky Counties Due to April Storms

Kentucky Gov. Steve Beshear has declared a state of emergency for 12 Kentucky counties where severe storms caused widespread damage this month. A statement from the governor’s office on Friday said the storms that began on April 15 caused flooding …

To Tax or Not to Tax – ‘Foreign’ Reinsurance’ Tax Proposals on the Agenda Again

“Roundup the usual suspects;” here we go again. No, it’s not an unsolved murder in wartime Casablanca, simply the latest skirmish in the ongoing dispute over whether companies that write reinsurance in the U.S. market are using tax havens to …

Montpelier Re $91.9 Million Q1 2013 Net Income; Operating Income $66 Million

Bermuda-based Montpelier Re Holdings Ltd. reported comprehensive net income for the first quarter ended March 31, 2013 of $91.9 million, compared to $110.8 million in the same period of 2012. The report said: “Fully converted book value per common share …

Arc Legal Increases Share of UK Yacht Coverage

Arc Legal Assistance announced that it has “secured a series of new deals with specialist boat insurance brokers to provide Marine Legal Expenses Insurance. As a result, Arc Legal will now provide in the region of 70 percent of all …

Mass. FAIR Plan Seeks Rate Hike; Expert Witnesses to Testify on Insurer’s Behalf

The Massachusetts FAIR (Fair Access to Insurance Requirements) Plan, the state’s home insurer of last resort, has proposed this month an average statewide rate hike of 6.8 percent. The FAIR Plan, whose official name is Massachusetts Property Insurance Underwriting Association …