French reinsurer SCOR Group issued a statement following the announcement from Sompo Japan Nipponkoa Holdings Inc. that it no longer plans to go through with an agreement to buy a 15 percent stake in SCOR. SCOR said it “acknowledges the …
Ironshore Inc. announced that its Pembroke Managing Agency Limited and Mexico reinsurance company, Patria Re, have received Lloyd’s approval to establish a Special Purpose Syndicate (SPS). “Patria Re will join the Lloyd’s platform in partnership with Pembroke as the first …
Oklahoma Workers’ Compensation Commission Chairman Robert Gilliland has reappointed Louis Pippin to the commission’s Self-Insurance Guaranty Fund (SIGF) board. Pippin, of Oklahoma City, fulfilled the remainder of an unexpired term over the past year and will now serve a three-year …
Arkansas appeals court judges have reversed and dismissed a drunken-driving conviction, ruling that it resulted from an unconstitutional sobriety checkpoint. The Little Rock Democrat-Gazette reports that Jeremy Whalen was convicted in 2014 after being arrested at an Arkansas State Police …
A central Ohio wire manufacturer where two workers were injured in separate accidents has been cited for 25 safety violations by the federal Occupational Safety and Health Administration. OSHA cited Columbus-based ITC Manufacturing for violating federal workplace safety and health …
Nationwide is launching FastPath, a quicker commercial quoting system for insurance agents serving small-business clients. Features of FastPath include: Faster quoting with an average of 80 percent fewer screens Streamlined technology that saves time Automatic acceptance of 60 percent of …
Brown & Brown Inc. announced that its subsidiary Brown & Brown of Connecticut Inc. has acquired substantially all of the assets of Smith Insurance, an independent agency based in Niantic, Connecticut. Terms of the transaction were not disclosed. Smith Insurance …
Some Northeasterners are beginning to wonder if a white Christmas may just be a dream, and business owners who rely on snow are starting to worry if warm weather could lead to a nightmare winter. In Maine, an outdoor sports …
The Main Street America Group has appointed Nancy Giordano-Ramos as its vice president/head of bonds. Giordano-Ramos had been the super-regional property/casualty insurance company’s interim head of bonds since earlier this fall, following the departure of former bonds vice president Brian …
The financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” for members of Liberty Mutual Insurance Companies (Liberty Mutual), as well as Liberty Mutual Insurance Europe Limited (LMIE) (United Kingdom) and Liberty Life Assurance Company of …