Yearly Archives: <span>2016</span>

Ohio Insurer Disclosure Bill Passed by Legislature

The recent passage of consumer protection legislation provides the Ohio Department of Insurance with better, more common sense tools when it comes to evaluating the financial health of Ohio’s insurance industry, according to Lt. Governor Mary Taylor. Taylor also serves …

Needing More Work, Minot’s Flooded Home Buyout Policy on Hold

A proposed change to Minot, N.D.’s home buyout policy following the devastating 2011 Souris River flood is on hold for more refinement. The City Council is considering providing extra compensation to homeowners who have houses at an appraised value below …

Court Rules Florida Workers’ Comp Rate Hike to Remain, For Now

Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process. The First District Court of Appeals granted an extension to the stay issued …

Weekend Freeze Causes Hundreds of Wrecks in North Carolina

Light freezing rain caused hundreds of wrecks in central North Carolina along icy roads, leading to two fatal wrecks in Charlotte. Police and emergency workers reported more than 100 crashes overnight Saturday in both Raleigh and Charlotte as the drizzle …

Confie Acquires Oasis Insurance in Arizona

Confie has acquired Mesa, Ariz.-based Oasis Insurance. Terms of the deal weren’t disclosed. Oasis Insurance is a provider of non-standard auto insurance. It operates from 21 offices located in Phoenix, Tucson, Mesa, Gilbert, Chandler, Avondale, Surprise, El Mirage and St. …

California Attorney General Warns Uber over Self-Driving Cars

California Attorney General Kamala Harris has told Uber Technologies Inc. to pull its self-driving cars from San Francisco’s streets or it will seek a court order forcing it do so, saying the ride-hailing company needs a permit under autonomous vehicle …

QBE Insurance Group Names Regan CEO, Australia & New Zealand Operations

QBE Insurance Group Ltd. announced the appointment of Pat Regan as CEO, Australian & New Zealand Operations, effective March 1, 2017. Regan has been acting in this role since August 2016, in addition to his responsibilities as group chief financial …

QBE North America Names Liberty Mutual’s Hill as Chief Financial Officer

QBE North America has appointed Kris L. Hill as chief financial officer. Hill will assume her new role effective January 17, 2017, and also serve as a member of the QBE North America Executive Management Board. She will be based …

JLT Re Acquires StoneHill Reinsurance Partners

JLT Re said it has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability. StoneHill, which is based in Minneapolis, will form part of JLT Re (North America). Terms of the deal were not disclosed. StoneHill was …

How Much Do Health Insurance Subsidies Cost Taxpayers?

Taxpayers will fork over nearly $10 billion more next year to cover double-digit premium hikes for subsidized health insurance under President Barack Obama’s law, according to a study released Thursday. The analysis from the Center for Health and Economy comes …