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

Allianz Names Mah North America Winery Team Lead in California

Allianz Global Corporate & Specialty has named Dennis Mah winery team lead for North America. Mah is based in Sacramento, Calif., and he will report to Karen Walter, West zone farm and ranch lead. Mah will be responsible for developing …

Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York

Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will reinvent the insurance business model and make insurance a …

CoverHound Small Business Commercial Suite Goes Live

Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing on small businesses with fewer than 20 employees and plans to gradually …

19 Insurance Firms to Support Homeless Youth in Covenant House New York Event

On September 23, 109 individuals from 19 different insurance companies in the tri-state area are participating in the Sleep Out (Re)insurance Edition to support homeless youth served by Covenant House, a New York headquartered, privately funded charity that seeks to …

Ex-Head of Pennsylvania Hospice Faces Insurance Fraud Charges

A woman who formerly headed a suburban Pittsburgh hospice faces sentencing on a health care fraud charge accusing her of using patients who weren’t terminally ill to collect millions of dollars in false Medicare and Medicaid claims. Former Horizons Hospice …

Massachusetts Resisting Drugmakers’ Efforts to Weaken Anti-Opioid Measures

Massachusetts appears to be bucking efforts by makers of prescription painkillers to kill or weaken measures aimed at stemming the tide of prescription opioids. The drugmakers say they’re combating the addiction epidemic, but The Associated Press and the Center for …

Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses

Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million …

Stop Cutting Prices, Bank of England Warns Insurers

The London insurance market should not keep cutting prices to secure business because low interest rates mean investment earnings can no longer cushion poor underwriting, the Bank of England said. The key challenge for the industry, which has endured 10 …

Global Risk Partners Acquires U.K.-based SLK General Insurance Services

Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in Ely, Cambridgeshire in the U.K. SLK Insurance’s management team will …

JLT Re Appoints Garnett as Managing Director, Malaysia

JLT Re, the London-based reinsurance broker and consultant, announced the appointment of Jonathan (Jo) Garnett as managing director, Malaysia, subject to regulatory approvals. Garnett will be based in JLT Re’s Kuala Lumpur office and will report to Stuart Beatty, CEO, …