insurer News

Nationwide Buys State Trust Land for $83M, Plans for Regional HQ

Arizona State Land Department officials say a national insurance company has successfully bid $83 million for about 134 acres of trust land in Scottsdale. Nationwide Mutual Insurance Co. has plans for a mixed-use development, including a regional corporate headquarters. The …

Brit Reports H1 After-Tax Profit of US$6.4M, Compared to $94.5m in 2014

London-based Brit plc, which completed its merger with Fairfax Financial Holdings in the first half of this year, reported operating profit before foreign exchange and transaction related expenses of $70.9 million, compared with $172.3 million in the first half of …

Nevada School District to Settle Insurance Broker Suit for $1.65M

The Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely. The Las Vegas Sun reported at the time that …

New Mexico Court: Insurer to Pay for Injured Worker’s Medical MJ

The New Mexico Court of Appeals has ruled that a worker’s employer and its insurer must pay for medical marijuana for treating the employee’s chronic pain from a job-related back injury. The court on Monday upheld a decision by a …

Zurich Relocating Chicago Office to Greener Work Environment

Zurich North America will relocate its Chicago office to a LEED-certified building in a location that accommodates its downtown-based employees, the company announced on Wednesday. Its new Chicago office space at 300 South Riverside Plaza on the 20th and 21st …

Arizona Third State to Allow Posting Policies Online

Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an insurer to …

Idaho Reaches Settlement With Insurer Aflac

State officials say Idaho will receive $200,000 as part of a regulatory settlement with the insurer Aflac Inc. On Monday, the Idaho Department of Insurance said Aflac will have to submit compliance reports to the state every six months as …