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11, 2015
Virginia Approves 3.4% Overall Increase in Workers’ Comp Loss Costs
The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs …
24
11, 2015
3 Earn Award for Combating Auto Insurance Fraud in Massachusetts
Two police officers and a prosecutor who work in the Northwestern District Attorney’s office in Northampton, Massachusetts, have earned a national award for combating auto insurance fraud. Det. Lt. John Cummings, Trooper Corey Mackey, and First Assistant District Attorney Steven …
25
11, 2015
Florida Podiatrist Using Wife’s Life Insurance to Pay for Murder Defense
A Florida podiatrist accused of killing his estranged wife is using part of her life insurance settlement to pay for his defense. The Tallahassee Democrat reports that 48-year-old Dr. Adam Frasch pleaded not guilty to first-degree murder in the death …
25
11, 2015
Tennessee Regulator Receives National Insurance Award
Tennessee Department of Commerce & Insurance (TDCI) Deputy Commissioner Chlora Lindley-Myers was awarded the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance. Myers received the award at the National Association of Insurance Commissioners (NAIC) …
25
11, 2015
Market Responds to Suggestions that NN Group Acquire Delta Lloyd
Delta Lloyd NV, the Dutch insurer under pressure to bolster capital, climbed as much as 6.6 percent after Rabobank pitched the idea of a purchase by NN Group NV. “There is a scenario possible by which NN Group would acquire Delta Lloyd …
25
11, 2015
ACE Appoints Future Leadership Team for Chubb Group’s Latin America Region
ACE Ltd. announced the leadership team it intends to appoint for the Latin America region of the new Chubb Group’s Overseas General Insurance division, which includes Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Puerto Rico, Central America and the …
25
11, 2015
Emerging Markets Are Growth Engines for Re/Insurance Industry: Swiss Re Report
The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according to Swiss Re’s latest publication titled “Global insurance review 2015 and outlook 2016/17.” Demand for non-life insurance is expected to …
25
11, 2015
Cyber Attacks on Private Sector Pose Growing Corporate Credit Risk: Moody’s
Cyber attacks on the private sector are an increasingly important risk in corporate credit analysis, U.S. ratings agency Moody’s Investors Service said this week. The threat of computer hacking varies from sector to sector and remains hard to measure because …
25
11, 2015
What do Thanksgiving and Climate Change Have in Common?
You have to be either strange or bored to Google a phrase like “What do climate change and Thanksgiving have in common?” I am a bit of both. And yes, I did. Anyone who reads this column regularly will note …
25
11, 2015
2 South African Insurers Bet $375 Million for West & North Africa Expansion
South African insurers Sanlam Ltd. and Santam Ltd. agreed to buy a 30 percent stake in Saham Finances SA of Morocco for $375 million to gain access to insurance markets in West and North Africa. The stake will be purchased from the …