Monthly Archives: <span>March 2016</span>

VW May Miss Court Deadline for Diesel Fix with U.S. Regulators

Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions. While talks have intensified in recent days, Volkswagen …

Health Insurers Working to Improve Provider Network Directories

Some health insurers are hoping to ease headaches that can flare when customers try to confirm whether a doctor is covered in a plan’s network of providers. The trade association America’s Health Insurance Plans will soon start testing a more …

How Telematics Saves on Claims, Improves Customer Experience

Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics as the task only becomes more difficult as more data is collected, according to …

Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer

Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration. He assumes this role from Richard Brindle who held it jointly with his position as group chief …

Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley

Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by Alex Wakeley, a Marketform veteran of more than 20 …

AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment

The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of life and injuries to individuals …

Shawn Hall Sr. Promoted to SVP/Director of Business Development of Breckenridge Insurance Services

Atlanta, GA, March 24, 2016 — Breckenridge Insurance Services, the wholesale brokerage division of Breckenridge Insurance Group, announced that Shawn Hall Sr. has been promoted to senior vice president, director of business development. In this newly created position, Hall is …

Florida Beach City Businesses Say Spring Break Laws Hurting Sales

Businesses in Panama City Beach, Fla., say new laws aimed at cutting down excessive spring break drinking are also hurting sales and forcing layoffs. Bars, restaurants, scooter shops and other businesses say they’re letting employees go as sales have dropped …

Officials: Mississippi Flood Damage Most Widespread Since Hurricane Katrina

Mississippi officials say the damage from floods this month is the most widespread the state has had since Hurricane Katrina. Mississippi Emergency Management Agency Director Lee Smithson tells The Clarion-Ledger federal and state assessment teams have been on the ground …

$250K in Boat Motors Stolen from South Carolina Marine Dealership

Investigators say thieves have stolen $250,000 worth of boat motors from a marine dealership on Lake Murray. Lexington County deputies said in a news release that a white van broke into the lot at Captain’s Choice Marine on U.S. Highway …