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Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates

Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from 1.22 billion euros [$1.3 billion] a year earlier, the …

Oklahoma Senate Approves Uninsured Motorist Bill

The Oklahoma Senate approved has approved a bill that requires drivers whose licenses have been suspended due to lack of auto insurance to show proof of insurance to the Department of Public Safety (DPS) in order to have their lack-of-insurance …

International Insurance Agency Services Names Boisvert as New CEO

International Insurance Agency (IIS), a Chicago, Ill.-based managing general underwriter, announced that Daniel G. Boisvert has been appointed as Chief Executive Officer. Boisvert is a seasoned veteran with 25 years of experience in the global insurance and reinsurance markets with …

Robertson Ryan & Associates Promotes Bott to VP, Shareholder

Robertson Ryan & Associates Inc. in Milwaukee, Wis., promoted Jason Bott to vice president and shareholder. Bott handles standard and non-standard insurance policies. He specializes in real estate risk management solutions and has developed a national reputation for insuring real …

ProHost Adds EPLI Coverage to Restaurant Program

Restaurant insurance program administrator ProHost USA has added employment practices liability insurance coverage as an option in its packaged insurance program specifically designed for restaurants. According to Heidi Strommen, president of ProHost USA, the endorsement covers third‐party violations including actual …

Schwan’s Global Supply Chain Fined $172K for Machine Hazards

A supplier of frozen specialty foods is facing more than $172,000 in fines after two workers at its Salina, Kan., facility suffered amputations in separate incidents and a third suffered lacerations and burns. The U.S. Department of Labor’s Occupational Safety …

Oklahoma Agency Gets Grant for Well-Tracking System

The state is trying to make it easier for the Oklahoma Corporation Commission to gather data on wastewater disposal wells with a new digital system. Gov. Mary Fallin’s office announced a research grant from the Oklahoma Energy Resources Board will …

Unlicensed Georgia Agent Arrested for Stealing Premiums From Florida Seniors

The Florida Division of Insurance Fraud (DIF), which operates under the direction of Chief Financial Officer Jeff Atwater, announced the arrest of William David Rodeffer III of Folkston, Ga. Rodeffer allegedly accepted insurance premium payments from two clients for insurance …

Tennessee High Court Rules to Make it Easier to Arrest, Convict Drunk Drivers

In two unanimous decisions, the Tennessee Supreme Court ruled Feb. 11 that police have the right to stop motorists if their vehicles cross roadway markings, even if briefly, essentially making it easier to arrest and convict people driving under the …

Florida State Troopers Report 186 Deaths from Hit-and-Run Crashes in 2015

State troopers say 186 people died in hit-and-run crashes in Florida last year. According to statistics released Monday by the Florida Highway Patrol, more than half the fatalities last year were pedestrians. Officials say hit-and-run crashes also caused over 19,000 …

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