The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of insurance agency and brokerage professionals in the United States and Canada. Nearly half (47%) of respondents to the Real Time/Download …
Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming the company misled them about its financial condition, a judge ruled. U.S. District Judge Robert Sweet in Manhattan rejected arguments …
Toyota Motor Corp.’s Camry, headed for its 12th consecutive year as the best-selling car in the U.S., returned to Consumer Reports’ recommended list after showing improvement on an insurance-industry crash test. The Yonkers, New York-based magazine excluded Camry in October …
Willis Group Holdings announced the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business, effective January 1, 2014. He “will lead the formation of Willis Global Captive Management, bringing together the captive operations of …
Torus, the global specialty insurer, announced that John Milne has joined the company as Accident & Health Underwriter. The bulletin said the “appointment furthers Torus’ commitment to growing its Accident & Health business, which is underwritten through Lloyd’s Syndicate 1301.” …
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn’t already own from failed lender Irish Bank Resolution Corp. The company didn’t disclose financial terms. Liberty, based …
Florida’s questionable claims rose 23 percent from 2010 to 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Florida questionable claims referral reason analysis. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB for …
Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications. The survey reveals that while many agencies have standard …
Shreveport, La.-based Specialty Risk Associates Inc. announced that Sue LeBreton joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk Associates, LeBreton worked for nine years as a senior underwriter for Southern Cross Underwriters. She also has …
Rick Gentry, executive director of the Insurance Council of Texas (ICT) since 1997, has announced that he will retire from the association at the end of March 2014. “It is hard to imagine a better professional experience,” said Gentry. “ICT …
