Costs Driving Changes, Opportunities in New World of Benefits Brokerage July 24, 2012 By Andrew G. Simpson Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the...
Insurers Urge Incentives for States to Adopt Stronger Building Codes July 24, 2012 Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of...
CarFax Says Patent for Vehicle History Data Use in Insurance Approved July 24, 2012 Carfax Inc. reported that federal officials have approved its patent applications for its auto insurance underwriting and rating system based...
Wholesaler Socius Opens Alabama Office; Names Stickley as VP July 24, 2012 San Francisco-based Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened an office in Birmingham, Alabama,...
North Carolina Property Insurance Reform Law Comes Up Short July 24, 2012 By Michael Adams North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill...
Catlin Appoints McMellin to Succeed Banas as U.S. CEO July 24, 2012 The Bermuda-based Catlin Group Limited announced that Andrew McMellin, currently the group’s deputy chief underwriting officer, will become CEO of...
Walnut Place Drops Objections to $8.5 Billion BofA Deal; AIG Still Questions July 24, 2012 By Karen Freifeld Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in...
Crop Insurance Helps Farmers Now More Than in 1988 Drought July 24, 2012 By Christine Stebbins U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they...
Fairfax’s Watsa Raises Stake in BlackBerry Maker RIM to Nearly 10% July 24, 2012 Canadian investor Prem Watsa, dubbed the “Warren Buffett of the North,” has nearly doubled his company’s stake in embattled BlackBerry...
China Drafts Rules for Insurers to Raise Private Equity Stakes; Trade Derivatives July 24, 2012 By Clare Baldwin and Samuel Shen China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both...