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11, 2015
Fraternity Files $25M Defamation Suit Against Rolling Stone
The fraternity that was the focus of a debunked Rolling Stone article about a gang rape filed a $25 million lawsuit against the magazine Monday, saying the piece made the frat and its members “the object of an avalanche of …
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11, 2015
The Competitive Advantage: Agency Prices
Agency prices are likely at all-time highs, albeit only a handful of very specific buyers are paying such high prices. They are setting the mark making acquisitions unaffordable for many regular agencies that do not have Wall Street money or …
12
11, 2015
Insurance Women of Texas Members Earn National Alliance Scholarships
The National Alliance recently awarded six scholarships to members of the Federation of Insurance Women of Texas, Inc. (FIWT) at their 71st Annual Convention held in Corpus Christi, Texas. The CIC and CISR scholarships were awarded at a special recognition …
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11, 2015
Professional Casualty Association Enters Michigan Medical PL Market
Medical professional liability insurer, Professional Casualty Association (PCA), has been approved for operations by the Michigan Department of Insurance and Financial Services as a licensed and admitted carrier, effective Nov. 2, the company announced. The company’s products will be offered …
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11, 2015
Brinck Insurance Group Hires Burns for Aviation, P/C Expertise
Brinck Insurance Group in Springfield, Mo., has hired Roni Burns as the company’s newest agent. Burns, who is a private pilot, will specialize in aviation insurance as well as property and casualty insurance. Prior to joining Brinck Insurance Group, Burns served …
13
11, 2015
Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%
The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the National Council on Compensation Insurance (NCCI) submitted additional …
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11, 2015
Irwin Siegel Agency Hires Huft as Executive Underwriter in Georgia
Irwin Siegel Agency, a program administrator based in Rock Hill, N.Y., has hired Christal Huft as executive underwriter. She is based in Kennesaw, Ga. Huft has served the insurance industry in various capacities for nearly 20 years. While she began …
13
11, 2015
South Carolina Puts Dam Owners on Notice for Big Bills
South Carolina’s environmental agency is warning dozens of property owners they could face substantial bills for not submitting plans as ordered for repairing dams damaged or destroyed in last month’s historic flooding. Violation notices began going out Nov. 6 to …
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11, 2015
UK’s Xchanging Receives Takeover Bid from Computer Sciences Corp. for $640M
Outsourcing company Xchanging Plc , which has already accepted a takeover offer from Capita Plc, has received a proposal from U.S.-based Computer Sciences Corp. that values the company at about 421 million pounds ($640 million). Shares in Xchanging – which …
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11, 2015
Tokio Solution Appoints Lane and Harigai as Co-CEOs
Bermuda-based Tokio Solution Management Ltd.* has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016. Lane and Harigai will assume the leadership of Tokio Solution from current CEO, Kathleen Faries, who will become head of the Bermuda …