USI Insurance Services announced that it has acquired the construction insurance and surety business of Chester, New Jersey-based KORE Group Inc., doing business as Construction Agency Professionals (CAP). This business and its employees will join USI’s West Orange, New Jersey, …
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Ironshore Inc. has named Kevin Whitehead as executive vice president and chief underwriting officer of the Specialty Casualty unit. He will be responsible for setting underwriting guidelines and strategies for existing and new product lines for Specialty Casualty nationwide. He …
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Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his lawsuit will hear final arguments in the long-running case. …
The article Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge appeared first on Insurance Journal.
Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), have launched a new Master Port Risk Program. According to H. Elder Brown, Jr., president and chief executive officer the Master Port Risk Program provides commercial vessel owners, mortgagees …
The article Fidelis Group Holdings Launches Master Port Risk Program for Maritime Industry appeared first on Insurance Journal.
The U.S. Supreme Court rejected a bid by Maine to escape one requirement of Obamacare, as the justices prepare to rule on a more far-reaching challenge that might unravel the health-care law. The justices Monday left intact a federal appeals …
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The U.S. Supreme Court probably shouldn’t have accepted a lawsuit challenging Obamacare’s health insurance subsidies, President Barack Obama said, calling it an “easy case.” “Frankly it probably shouldn’t have even been taken up,” Obama said Monday at a news conference …
The article President Obama ‘Optimistic’ Court Will Uphold Health Insurance Subsidies appeared first on Insurance Journal.
MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment. …
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Berkley Corp. reported that Steven S. Zeitman has been named president of its excess and surplus lines carrier Admiral Insurance, succeeding James S. Carey. The appointment is effective immediately. Carey passed away in April. Zeitman has nearly 45 years of …
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Uber lost a bid to force arbitration in a lawsuit brought by its drivers, as a U.S. judge ruled the smartphone-based taxi service’s 2013 and 2014 employment contracts dealing with arbitration from were “unconscionable, and therefore unenforceable.” The ruling, from …
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Mississippi Attorney General Jim Hood has sued State Farm Fire and Casualty Co. for allegedly shifting hundreds of millions of dollars in Hurricane Katrina wind claims to the state by mislabeling them flood claims. The suit, filed in the Circuit …
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