Monthly Archives: <span>December 2014</span>

U.S. Treasury Releases Report on Global Reinsurance Industry

The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry. The report, Breadth and Scope of the Global Reinsurance Market and the Critical …

California Insurance Commissioner Sponsored Bills Signed into Law in 2014

During the 2014 legislative session California Gov. Jerry Brown signed nine bills sponsored by the California Department of Insurance and Insurance Commissioner Dave Jones. A bill that adds protections for small businesses has already taken effect and five other consumer …

Most Popular Insurance Journal South Central Stories of 2014

Fraud, higher homeowners rates, fracking, and electronic traffic tickets are topics that drove readers to the following stories on InsuranceJournal.com in 2014. The following 10 stories led as the most popular picks by readers in the South Central region. Workers’ …

Most Popular Insurance Journal East Stories of 2014

As 2014 comes to a close, it’s time to look back at the most popular news stories of the year on InsuranceJournal.com. Among the most popular stories in East were Berkshire Hathaway Specialty Insurance’s expansion plans, The Hartford Financial Services …

China’s Fosun to Buy Meadowbrook Insurance for $433M

China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition of Meadowbrook will enable it to expand and …

Most Popular Insurance Journal Midwest Stories of 2014

The most popular InsuranceJournal.com news stories in the Midwest ranged from groundbreaking lawsuits to research into making people safer from storms. With an understanding that stories appearing later in the year have less time to rise to the top of …

Pill Mill Law Shifts Prescriptions From Opioids to Weaker Meds: WCRI

A law banning physicians from dispensing certain strong opioids discouraged the doctors from prescribing those drugs at all, according to a new study, which also found that the doctors dispensed weaker nonsteroidal anti-inflammatory drugs (NSAIDS) and other medications to injured …

Corporations Warned Not to Hack Back

The hacked are itching to hack back. So say a dozen security specialists and former law enforcement officials who described an intensifying and largely unspoken sense of unease inside many companies after the recent breach of Sony Corp.’s networks. U.S. …

Most Popular Insurance Journal National Stories of 2014

In 2014, readers of InsuranceJournal.com made articles about online competition, flood insurance and the sagas at Tower Group and Fireman’s Fund along news about Uber and Warren Buffett’s $1 billion basketball bet among the most popular national stories of the …

Most Popular Insurance Journal West Stories of 2014

The year’s most popular InsuranceJournal.com news stories in the West ranged from the tragic to the silly and from matters of great importance to the industry to the ongoing saga of innovative-yet-controversial ridesharing companies like Uber and Lyft. With an …