Yearly Archives: <span>2018</span>

States’ Adjuster Licensing Requirements Come Under Scrutiny

It’s time for reciprocity across states in insurance adjuster licensing, according to a new report. The study by the Pacific Research Institute into state licensing requirements,“Breaking Down Barriers,” found that the average adjuster holds between 10 and 12 different state …

Two Injured in North Carolina Highway Patrol Helicopter Crash

Two people were injured when a North Carolina Highway Patrol helicopter crashed shortly after takeoff at a patrol facility in Raleigh. Highway Patrol First Sgt. Mike Baker told reporters the helicopter was about 6 feet in the air when the …

11 Vehicles Damaged in Parking Lot Fire at Amusement Park

Authorities say 11 vehicles have been destroyed after a fire in the parking lot of an amusement park. The Flint Hill Fire Department said it took about 30 minutes to put out the fire Friday afternoon in the Carowinds parking …

Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance

Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance experts to Western’s existing network of insurance …

Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.

Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market Association revealed. The survey’s research findings include: Within market modernization initiatives, delegated …

Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution

Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and investment. After facing down a …

AXA Belgium Partners with Online Car Repair Platform Fixico

AXA, the Paris based insurance & asset management firm, and Fixico, a platform for cosmetic car repairs, after several months of joint testing, have just started to provide AXA’s customers in Belgium with an innovative and fully-digital damage handling proposition, …

Fidelis’ MGA Firestone Rebrands to Oakside

Fidelis Insurance announced it has rebranded its managing general agent (MGA), Firestone Surety Ltd., to Oakside Surety Ltd. London-based Oakside is focused on the small and medium-sized enterprises sector of the surety market and is managed through Pine Walk Capital …

Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm

Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional lending. Australia’s biggest bank also unveiled a …

Saudi Women Finally Hit the Road as Driving Ban Ends

They hit the road in celebratory packs, whooping and ululating for joy. Teenagers gathered on Riyadh’s main boulevard to gawk. Men cracked jokes about how lucky they were to no longer have to chauffeur their wives around. Saudi Arabia’s infamous …