Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families. Designed to meet the needs of high …
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Ron Lockton has been named vice chairman of Kansas City, Mo.-based privately held, independent insurance broker, Lockton Inc. He will take on broader global leadership responsibilities as part of the company’s long-term succession plan. Ron Lockton, 48, is the son of …
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The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies. “For …
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Today’s Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms since it continues the current operating environment, according to a leading rating …
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Specialist insurer Beazley hired Michael Kontonotas as an underwriter for the company’s crime & fidelity bond underwriting team. He will work from Beazley’s New York office. Kontonotas has seven years of underwriting experience and was most recently a fidelity and …
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A New Jersey doctor who took part in a long-running bribes-for-test referrals scheme is now headed to prison. Douglas Bienstock received a 37-month sentence Tuesday, federal prosecutors said. He also will have to serve a year of supervised release, pay …
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First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry expert …
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Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas. Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their finance and insurance departments. The firm tailors dealership …
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Changes to Arkansas’ levee system after recent flooding in the state should be on the agenda if the Legislature is called back into session to take up the future of its health insurance marketplace, a key lawmaker said. Republican Sen. …
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Maurice “Hank” Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.’s bailout isn’t enough, and that he’s seeking financial damages to hold the government accountable. “Our Constitution is a sacred document,” the former chief …
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