Industry News

Insurance Journal

Woodruff Sawyer in California Names Parsons Vice President

Oct 15, 2018 San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons has a vice president in the private equity and transactional risk group. Parsons has experience working...

A.M. Best Revises Outlooks to Stable for Aspire General in California

Oct 15, 2018 A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of...

Georgia Working to Restore Power to Thousands After Hurricane Michael

Oct 15, 2018 Power outages caused by Hurricane Michael are likely to linger into early this week for some of the hardest hit communities in southwest Georgia. More...

California Insurance Commissioner OKs Workers’ Comp Rating Bureau Filing

Oct 15, 2018 California Insurance Commissioner Dave Jones has approved a filing from the Workers’ Compensation Insurance Rating Bureau’s that makes...

Best's Reviews

Distribution, Business Development Director Named for ArgoGlobal’s Italy Affiliate

Oct 15, 2018 Marcello Lombardini was appointed as distribution and business development director for ArgoGlobal Assicurazioni S.p.A., an Italy...

Wisconsin Governor Cites State Reinsurance Program for 4.2% Cut to 2019 Individual Health Insurance Rates

Oct 15, 2018 Wisconsin individual health insurance rates will drop by 4.2% on a weighted average in 2019, compared with...

JLT Continues Global Facultative Expansion With North America Hire

Oct 15, 2018 Jardine Lloyd Thompson Group’s reinsurance segment said it continued the strategic growth of its JLT Fac division with the appointment of Joe...

Optis Partners: Broker Mergers and Acquisitions Surge Amid Aggressive Valuations

Oct 15, 2018 Broker mergers and acquisitions surged in the third quarter amid aggressive activity and valuations, according to a report from Dan...

Claims Journal

N.Y. Senator Says Feds Haven’t Done Enough to Investigate Limo Safety

Oct 15, 2018 On the heels of a horrific limousine crash that killed 20 people in upstate New York, the Senate’s top Democrat is pointing to glaring gaps in safety data...

Analysts: Florida Insurers Can Weather Effects of Michael

Oct 15, 2018 Florida’s disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane...

Massachusetts Gas Blasts Linked to NiSource Unit’s Work Orders

Oct 15, 2018 A series of explosions that rocked several towns north of Boston, Mass., last month has been linked to work orders given to a crew replacing aging natural gas pipes,...

Air Cargo Considers Single-Pilot Jets as Autonomous Flight Nears

Oct 15, 2018 Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers....

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...