PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to contend, due to a …
The article PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2 appeared first on Insurance Journal.
In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A …
The article Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base appeared first on Insurance Journal.
The former president of a Little Rock, Ark.-based insurance company has been sentenced to one year and one day in prison for embezzlement. United States District Judge Susan Webber Wright sentenced John Mathis “Matt” Lile, III, age 56, of Little …
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Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International …
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The number of California wildfires so far this year is up, but the acreage burned is smaller, the result of favorable weather and more firefighters who can quickly be dispatched to corral flames, fire officials say. Since Jan. 1, about …
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Independent insurance broker, IMA of Dallas, has hired Katie Madsen as vice president and account executive to oversee commercial property and casualty coverage. Madsen has 10 years of industry experience. She has managed multiple Fortune 500 clients, earned multiple prestigious …
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Six of the nine most accident-prone spots along the Kansas Turnpike are in the Lawrence area, according to a study compiled for the Kansas Turnpike Authority. Two of the other accident hotspots along the 236-mile turnpike were in the I-70 …
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A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook for both ratings is stable. The ratings of WNFIC, formerly known as …
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Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces the need for residents in affected areas to purchase earthquake insurance. Missouri Insurance Director John Huff says, however, there is …
The article New Madrid Study Shows Need for Quake Coverage: Missouri Insurance Director appeared first on Insurance Journal.
Kelly Young was driving down Route 28 in Milton, Massachusetts, when a sedan traveling in the other direction rear ended another car and veered into Young’s lane, hitting his car head on, police say. Young, 56, a father of two …
The article New Mass. Police Policy Questioned by Transparency Advocates appeared first on Insurance Journal.