Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of 2014. The company reported income …
The article UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M in H1 2014 appeared first on Insurance Journal.
Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such factors within 60 days after the date of the bulletin. …
The article Maine Issues Bulletin Prohibiting Use of Price Optimization appeared first on Insurance Journal.
Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of surgical implants. The …
The article Business Lobbies Seek Probe of Medical Funding Industry appeared first on Insurance Journal.
Hundreds of mountain homes remained threatened on Monday as crews increased containment of a wildfire burning through timber near a popular Southern California ski resort. Water cannons usually used for making snow were pointed at the fire burning near Snow …
The article Fire Burning Near California Ski Resort Threatens Homes appeared first on Insurance Journal.
Privately owned insurance brokerage Britton Gallagher, based in Cleveland, Ohio, has tapped Eric Treend to serve as executive vice president of its expanding Recreation & Attractions Division. To support the expansion, Britton Gallagher has added staff to the division including …
The article Treend Named Executive VP at Britton Gallagher appeared first on Insurance Journal.
Auto-Owners Insurance has acquired Atlantic Casualty Insurance Co., an excess and surplus lines company located in Goldsboro, N.C. Jeff Harrold, chairman and CEO, said the combined resources significantly expand the potential and growth opportunities for Atlantic Casualty and the managing …
The article Auto-Owners Insurance Acquires North-Carolina Based Atlantic Casualty appeared first on Insurance Journal.
Aon Risk Solutions, the global risk management business of Aon plc, hired Joe Surette as resident managing director of Boston operations. Surette succeeds Peter Caine, who left Aon in May to become chief operating officer of Lockton’s St. Louis operations. …
The article Aon Risk Solutions Hires Surette as Resident Managing Director in Boston appeared first on Insurance Journal.
China’s top prosecutor is holding 10 officials and port executives as well as a senior Transport Ministry official under criminal detention for alleged neglect of duty and abuse of power in the Tianjin warehouse explosions that killed at least 139 people, the …
The article China Detains Senior Officials, Port Executives After Deadly Explosions in Tianjin appeared first on Insurance Journal.
Roving construction crews — the kind you see blacktopping a road, painting lines, inspecting a bridge or installing a traffic signal — are often protected from oncoming traffic by a specialized truck outfitted with a crash barrier. The crash trucks, …
The article Unmanned Work Zone Trucks Promise Road Safety, Savings appeared first on Insurance Journal.
Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided satisfactory terms are met, …
The article Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA appeared first on Insurance Journal.