Yearly Archives: <span>2014</span>

South Carolina Reports Rise in Insurance Fraud

Insurance fraud complaints in South Carolina have reached an all-time high with more than 1,200 pouring in last year, according to a report by Attorney General Alan Wilson. The annual report from his office’s Insurance Fraud Division noted attorneys prosecuted …

The Promise of Telemedicine to Pare Health Costs

Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted. According to analysis by global professional services company Towers Watson, achieving this level of savings would …

States Look to Kill-Switch Laws to Stem Smartphone Thefts

All smartphones sold in California would have to come with a “kill switch” to render them inoperable if lost or stolen under a bill passed by the legislature on Monday, the latest effort to stem an epidemic of phone theft …

House Republicans Not Planning to Address Export-Import Bank Reauthorization

Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank’s future. The charter …

Tiptree Financial to Acquire Insurance Services Firm Fortegra for $218M

Holding company Tiptree Financial Inc. said it will acquire Fortegra Financial Corp., a Florida-based insurance services firm, in an all cash transaction valued at approximately $218 million. In the transaction, shareholders of Fortegra will receive $10.00 in cash for each …

PERILS Issues 3rd Insured Loss Estimate for Windstorm Tini – $375 Million

PERILS AG said its revised loss estimate for windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on February 12 and 13, is €281 million [$375 million]. The third estimate of the property insurance market loss …

AJ Gallagher Acquires Assets of Caribbean Broker Minvielle & Chastanet

Arthur J. Gallagher & Co. announced that it has acquired certain assets of Minvielle & Chastanet Insurance Brokers located in the eastern Caribbean. Terms of the transaction were not disclosed. The bulletin described Minvielle & Chastanet Insurance Brokers (MCIB) as …

Typhoon Halong Inundates Japan: AIR Analysis

Catastrophe modeling firm AIR Worldwide’s report on former Typhoon Halong notes that it was downgraded to a tropical storm before making its first landfall in Japan on Shikoku Island at approximately 6 a.m. Japan Standard Time (JST), 15:00 UTC on …

Atlas General Insurance Services Named One of the Best Places to Work in San Diego in 2014 by the San Diego Business Journal

San Diego, CA, 8/12/2014 – Atlas General Insurance Services, LLC, has been named as one of the 2014 Best Places to Work in San Diego by the San Diego Business Journal. This is the fourth consecutive year that Atlas General …

CNA Appoints Motamed Chairman of CNA Europe Board of Directors

Thomas F. Motamed, chairman and chief executive of CNA Financial Corporation, has been appointed chairman of the CNA Insurance Company Limited (CNA Europe) Board of Directors, effective as of August 18, following approval from the Prudential Regulation Authority (PRA). He …