Monthly Archives: <span>May 2018</span>

Willis Towers Watson Moves ILS from Securities to Reinsurance Unit

Willis Towers Watson is making changes to its insurance linked securities (ILS) business. The ILS business, which was previously part of the its securities business unit, will be integrated into Willis Re. William Dubinsky will continue to lead the ILS …

With Flood Risk Rising, Coastal Real Estate Looks a Lot Like a Junk Bond: Viewpoint

A friend of mine who is a bit of a climate-change skeptic once challenged me with this question: If climate change is such a pressing danger, why haven’t coastal real estate prices crashed? It’s a fair question. If financial markets …

Southwest Air Jet Engine That Failed Was Inspected 7 Times

The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven times since late 2012 but without the sophisticated technology airlines are now under orders to use. The inspections relied on …

AXA Wasn’t the Only Party Interested in Acquiring XL

According to details revealed in a public filing earlier this week, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA and XL agreed to a $15.3 billion …

Insurer Sees Growth in Insurance Market for Telemedicine Providers

As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature telemedicine market, with revenues projected …

Google, Microsoft Urge Georgia Governor to Veto Cybercrime Bill

Tech giants Google and Microsoft have joined a chorus or cybersecurity experts urging Georgia Gov. Nathan Deal to veto a bill that makes unauthorized computer access a crime punishable by up to a year in prison. The 11/2-page proposal, passed …

Losada joins Tower MSA Partners in Florida

Kathleen Losada has joined Tower MSA Partners of Delray Beach, Fla., as vice president of strategic services. In this role, she will be responsible for identifying new markets and service offerings for the company, which provides Medicare Secondary Payer compliance …

Georgia School System Approves Policy for Employees to Carry Guns

A Georgia school system has decided to allow its employees to carry guns. The Laurens County school board has approved a policy allowing select staff to carry guns on school property, in vehicles and at school functions, The Telegraph reported …

Study: Drop in California Workers’ Comp Hospital Stays and Spinal Surgeries

The number of California workers’ compensation inpatient hospital stays fell 31.2 percent between 2008 and 2016 compared with a 19.6 percent drop in hospital stays paid under private plans, a new California Workers’ Compensation Institute study shows. The study also …

Alliant Adds Rorison to New Orleans Team

Newport, Beach, California-based Alliant Insurance Services Inc. has added the experience and versatility of Stan Rorison to its growing New Orleans team. The longtime property and casualty expert will serve as vice president, where he will provide his proven brand …