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08, 2016
Massachusetts, New Hampshire Nonprofit Insurer Sues Over Federal Assessment
A nonprofit health insurer with 25,000 customers in Massachusetts and New Hampshire has filed a federal lawsuit claiming it is being illegally punished for offering lower-cost products. Under the Affordable Care Act’s risk adjustment program, insurers with healthier customers make …
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08, 2016
The Cincinnati Insurance Co. Adds 3 to the Cincinnati Re Team
Cincinnati Financial Corp. announced that R. Philip Sandercox, Erin A. Skala and Wendy A. Hayes joined The Cincinnati Insurance Co., adding expertise to Cincinnati Re, its reinsurance assumed operation. Sandercox, managing director, head of specialty casualty reinsurance, will oversee the strategic direction, underwriting and marketing …
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08, 2016
Premium Hikes of Up to 45% Sought by Illinois Health Insurers
Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public on Aug. 1. The leading insurer on Illinois’ …
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08, 2016
The Hartford Names Chubb’s Ciullo To Lead Bond Business
The Hartford has appointed Rick Ciullo chief operating officer of Hartford Bond, one of the largest underwriters of surety and fidelity bonds in the U.S. Ciullo will lead The Hartford’s business that provides surety and fidelity products to companies of …
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08, 2016
Louisiana Judge Awards $50K in Sorrento Police Chief Sex Assault Case
A federal judge has awarded $50,000 in damages to a woman who accused a former Louisiana police chief of sexually assaulting her in his office while she was drunk and he was on duty. U.S. District Judge Shelly Dick ruled …
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08, 2016
$1M in Pipeline Construction Equipment Damaged in Iowa, Arson Suspected
Machinery located at three oil pipeline construction sites in central Iowa was found extensively damaged by fire on Aug. 1 in what the company building the pipeline called a shameful act. There’s little doubt the fires were intentionally set along …
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08, 2016
Official: Tornado Activity in Kansas in July Was Unusually High
The high number of tornadoes seen in Kansas in July was unusual, according to a state official. Eight tornadoes touched down in the state in July, The Wichita Eagle reported. Three twisters occurred in Greenwood County on July 7, including …
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08, 2016
Convictions, Complaints Added Up for Pilot in Hot Air Balloon Crash
The pilot of the hot air balloon that crashed on July 30 in Texas had at least four drunken-driving convictions, two prison stays and more than 40 customer complaints in his past, records show. Alfred “Skip” Nichols was identified by …
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08, 2016
AmWINS Completes Acquisition of Private Client Group in Florida
Special insurance broker AmWINS Group Inc. said it has completed its acquisition of the acquisition of Private Client Insurance Group, a Palm Beach Gardens, Florida-based wholesale broker specializing in personal lines insurance for high net worth individuals. PCIG will join …
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08, 2016
Lower Costs, Improved Underwriting Boost AIG Profit in Q2
American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat analysts’ estimate, driven by lower costs and strong underwriting during the quarter. Shares of the company, whose board also authorized …