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4 12, 2015

Florida’s Normandy Insurance Promotes Sublet to VP of Business Development

By | December 4th, 2015|Recent Articles|Comments Off on Florida’s Normandy Insurance Promotes Sublet to VP of Business Development

Normandy Insurance has promoted Robert Sublet to vice president of Business Development. Formerly a senior field underwriter with Normandy, Sublet’s new role will focus on accelerating Normandy’s growth. During his tenure at Normandy, Sublet has worked on developing Normandy’s marketing …

8 12, 2015

Mississippi Capitol Moves Closer to Regulating Ridesharing Entities

By | December 8th, 2015|Recent Articles|Comments Off on Mississippi Capitol Moves Closer to Regulating Ridesharing Entities

Jackson has taken a step toward regulating ride-hailing services such as Uber after the Rules Committee of the Jackson City Council voted to send a suggested ordinance to the full council. The suggested regulations include a $5,000 registration application fee …

4 12, 2015

Main Street America Launches Commercial Lines Cyber Risk Coverage

By | December 4th, 2015|Recent Articles|Comments Off on Main Street America Launches Commercial Lines Cyber Risk Coverage

The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s Main Line Business Owners Policy (Main Line BOP), is currently …

7 12, 2015

Federal Officials Reopen Disaster Loan Filing Period for Sandy Victims

By | December 7th, 2015|Recent Articles|Comments Off on Federal Officials Reopen Disaster Loan Filing Period for Sandy Victims

Federal officials have reopened the filing period for Superstorm Sandy victims to apply for low-interest disaster loans. The Small Business Administration says the move was authorized by legislation that President Obama signed late last month. Thousands of New Jerseyans were …

4 12, 2015

Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser

By | December 4th, 2015|Recent Articles|Comments Off on Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser

Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. The transaction remains …

7 12, 2015

New Credit Card Chips Shift Liability to Retailers

By | December 7th, 2015|Recent Articles|Comments Off on New Credit Card Chips Shift Liability to Retailers

On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that accepts or issues payment …

4 12, 2015

UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar

By | December 4th, 2015|Recent Articles|Comments Off on UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar

UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected to be funded by third-party capital along with investments from …

7 12, 2015

Southern California Spill Spewing Gases of a Half-Million Cars

By | December 7th, 2015|Recent Articles|Comments Off on Southern California Spill Spewing Gases of a Half-Million Cars

Call it the invisible spill. You can’t see it, but it’s there – a steady stream of natural gas seeping out of the pipe casing in a well in Southern California that may spew as much greenhouse gas into the …

4 12, 2015

AXA to Pay Higher Dividends as Result of ‘Robust’ Capital Levels

By | December 4th, 2015|Recent Articles|Comments Off on AXA to Pay Higher Dividends as Result of ‘Robust’ Capital Levels

AXA SA, France’s largest insurer, will pay higher dividends to shareholders because of its “robust” capital levels under solvency rules which are coming into effect in January. AXA plans dividend payouts of 45 percent to 55 percent of its adjusted earnings, …

7 12, 2015

Signature Select Expands into Texas with New Hires in Austin, Dallas

By | December 7th, 2015|Recent Articles|Comments Off on Signature Select Expands into Texas with New Hires in Austin, Dallas

Signature Select LLC announced it has expanded into Texas by establishing a presence in Austin and Dallas. In Dallas, Shelly Floyd and Cliff Layfield have been hired for the Dallas operation and Patrick Datz was added as a producer in …