Monthly Archives: <span>January 2017</span>

Pennsylvania’s Henderson Brothers Hires Trushel

Henderson Brothers Inc., a Pittsburgh, Penn., based insurance broker, has hired David Trushel as an account executive in the commercial lines department. Trushel will use his four years of industry experience to assist clients with creating specialized insurance programs and …

Report: Trump Administration Orders Removal of Climate Page from EPA’s Website

U.S. President Donald Trump’s administration has instructed the Environmental Protection Agency to remove the climate change page from its website, two agency employees told Reuters, the latest move by the newly minted leadership to erase ex-President Barack Obama’s climate change …

Zurich North America Names Leaders of Realigned Commercial Divisions

Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North America units, which the company says …

31 Houses Damaged or Destroyed by Tornadoes in Louisiana

Authorities say tornadoes destroyed or damaged 31 houses and RVs in Louisiana last weekend: 29 in the northwest near Plain Dealing, and two in the Natchitoches Parish town of Natchez. Officials say nobody was seriously hurt. The National Weather Service …

Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion

Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender has a cunning plan to make it work, it needs to reveal it. For now, Intesa says simply that it’s …

Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report

Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, according to an Aon report. The first quarter of 2016 saw a …

AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire

Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its property/casualty business, according to Credit Suisse Group AG. The AIG transaction …

P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016

For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a $1.7 billion net underwriting loss versus …

California-Based Sierra Nevada Issues 36-State Recall of Select Beers

California-based Sierra Nevada Brewing Co. announced a recall on Jan. 22 of certain 12-ounce bottles of its pale ales, IPA’s and other beers after detecting a packaging flaw that could cause a piece of glass to break off into the …

Now in Paperback: Sales Training Book Equips Millennial Insurance Agents to Serve Retiring Baby Boomers

Featuring sales tips and scripts from more than 35 experienced insurance agents selling Final Expense life insurance and Medicare Supplements, Portland, OR, January 23, 2017 – Consistently top-rated in Amazon reviews and recently featured in leading industry publications including LifeHealthPro …