Monthly Archives: <span>May 2019</span>

Carlson Named CEO for Wells Media Group

Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation officer of Wells Media Group since 2015. He also serves as …

Keyless Car Crime Drives 20% Hike in UK Motor Theft Claims in 1st Quarter

The cost of UK motor theft claims paid by insurers in the first quarter rose by more 20% from the same period last year, according to the Association of British Insurers (ABI). The ABI report revealed that the number of …

Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources

Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York. The deal, …

What is the North Atlantic Oscillation, and why does it matter?

This post is part of a series sponsored by CoreLogic. Worldwide, properties tend to be built according to certain standards which generally take into account the severity of the predominant natural perils affecting a particular region. For instance, homes located …

Texas Windstorm Insurer Withdraws 10% Rate Increase Filing

Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on …

Valley Insurance Agency Alliance Hires Davis as Marketing Director

Valley Insurance Agency Alliance (VIAA), a network of over 120 independent insurance agencies in Missouri and Illinois, has hired Lauren Davis as director of Marketing. In this position, she will design and execute digital marketing strategies and campaigns for VIAA …

Issuer Credit Rating Outlook Revised to Stable for Church Mutual Insurance Group

AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of Church Mutual Insurance Co. in …

China’s Revamp of Anbang Insurance Includes Moving Business to New Company

The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into its former chairman. Under a plan …

MillerCoors Wins Partial Victory in Battle Against Bud Light’s Corn Syrup Ads

A U.S. court on Friday barred Anheuser Busch InBev NV, the world’s largest beer maker and brewer of Budweiser brand beers, from using parts of its marketing that said rival Molson Coors Brewing Co.’s MillerCoors used corn syrup in the …

U.S. Court Clears Swiss Bank UBS in Whistleblower’s $20 Million Libel Suit

A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least “substantially true.” Court documents dated May 21 …