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11, 2015
Avera Health Buying Health Insurer, DAKOTACARE
Regional health system Avera Health is buying the DAKOTACARE health insurance company, creating what it says will be the second-largest health insurer in South Dakota. The two Sioux Falls-based companies announced their intent Thursday. They did not immediately disclose the …
20
11, 2015
Court Denies Uber’s Appeal of Class Action Filed by Aspiring Employees
A U.S. appeals court this week denied ride service Uber’s request to immediately appeal an order approving class certification in a lawsuit filed by drivers who wish to be deemed employees. The ruling, from the 9th U.S. Circuit Court of …
20
11, 2015
If AIG Is Selling, Greenberg Is Listening, Says Lawyer
Maurice “Hank” Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world’s largest before the financial crisis, his lawyer David Boies said. “If they’re selling, I think Hank …
20
11, 2015
California Worker Injury Rate Lowest in 13 Years
The California Department of Industrial Relations has posted the state’s 2014 occupational injury and illness data, which offers a look at employer-reported injuries involving days away from work. The data shows that the incidence of occupational injuries remained at its lowest …
20
11, 2015
Markel Names Gayner and Whitt as Co-CEOs; Crowley as President
Markel Corp. reported that, Thomas S. Gayner, 53, president and chief investment officer, and Richard R. Whitt, III, 51, president and co-chief operating officer, will serve as co-chief executive officers of the company starting in the new year. In addition, …
20
11, 2015
Florida’s Citizens Expanding Clearinghouse to Condo Unit Policies
Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November newsletter. Beginning December 14, new applications for condominium …
20
11, 2015
ACE Names Keogh as Executive Vice Chairman & Chief Operating Officer
ACE Ltd. announced that John Keogh, vice chairman and chief operating officer, has been appointed executive vice chairman of the company. Keogh will continue to serve as chief operating officer with responsibility for all property & casualty insurance operations of …
20
11, 2015
Brazil Mining Disaster to Bring Stricter Insurance Rules
Brazil’s worst mining accident will lead to stricter insurance standards under a revised version of an industry bill first introduced to Congress two years ago. The cost of damage to communities, loss of life and environmental consequences from the Nov. 5 dam failure …
20
11, 2015
Validus Announces Senior Executive Appointments at Talbot Underwriting
Validus Holdings announced a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as chief executive officer of Talbot on Feb. 29, 2016. Peter Bilsby, currently managing director of Talbot, will succeed …
19
11, 2015
Insurance Industry Not Alone in Missing the Mark with Millennials
Could it be that the property/casualty insurance industry has company in not feeling the love of millennials? Yes, it could. The Hartford has released new research that shows key industries driving the U.S. economy, including retail, construction and manufacturing, are …