Location, Inc., a provider of location-based data and tools used by corporations for risk analysis, has introduced a new risk index to help insurers address structure fire losses due to human negligence. Insurers often associate structure fires with catastrophic events, …
Anchor Insurance appointed John Wortman as its new president and Kevin Pawlowski as its chief operating officer, effective February 9, 2016.
Global Aerospace, a provider of aerospace insurance, has launched Aeroinsure, an online aviation underwriting and policy management system. Through Aeroinsure, brokers can instantly access insurance products for their light aircraft customers. Aeroinsure will operate across multiple product lines anywhere in …
Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE’s reinsurance unit. “I don’t think there are too many loss reserves left and the …
Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of …
The Oklahoma Corporation Commission (OCC), which regulates oil and gas production activity in the state, has come up with a volume reduction plan for oil and gas disposal wells in response to the surge in earthquakes in Oklahoma. The OCC …
J.M. Wilson has added Robin Williams as public and business auto underwriter in Portage, Mich. Williams is responsible for quoting new and renewal public and business auto accounts, working with company underwriters, and serving independent insurance agents in Michigan. Prior …
Louisville, Ky.-based Humana has been approved for takeover by Aetna by Kentucky regulators, according to a statement from the Kentucky Department of Insurance Commissioner Brian Maynard. The order approving the request from Aetna to acquire Kentucky domestic insurers CHA HMO …
Legislative committees are considering bills that would allow the Kansas Department of Transportation to raise the state’s highest speed limit on separated, multiple-lane highways from 75 to 80 miles per hour. The Wichita Eagle reports that lawmakers could decide next …
North Dakota regulators are proposing new rules aimed at the oil industry. A slate of proposed rules were unveiled on Feb. 16, including a requirement that would require bonding for all crude and saltwater pipelines. Another new rule would require …
