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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 …
3
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 …
3
08, 2016
14 States Process $12.7B in Surplus Lines Premium in First Half 2016
Data from the 14 U.S. surplus lines service/stamping offices show they have processed almost $12.7 billion in insurance premium filings in the first half of 2016, according to the Surplus Lines Stamping Office of Texas (SLSOT). SLSOT gathers surplus lines …
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07, 2016
AIG Offers Brexit Coverage in UK for Anxious Executives
American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the product launch, which …
3
08, 2016
Texas-Based ICT Adds Extra Layer of Security to TurboRater
Carrollton, Texas-based agency marketing, rating and management software and services firm, Insurance Technologies Corp. (ITC), announced the addition of two-factor authentication to its comparative rating and sales system, TurboRater. When agents who have enabled this enhanced security measure log into TurboRater with their …
29
07, 2016
CastlePoint National Conserved by California Regulator to Protect Policyholders
CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers covered under policies issued by CastlePoint and …
3
08, 2016
PPIB in California Names Etter Vice President of Underwriting
Professional Program Insurance Brokerage of Novato Calif. has named Susan Etter vice president of underwriting. Etter has been with PPIB for six years managing the underwriting and sales staff. Etter will continue to oversee the various contracts and programs at …
29
07, 2016
Brokers Assess Current Construction Insurance Market: Thumbs Up
Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers maintaining a market favorable to buyers, especially those …
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08, 2016
Miami Agent Gets 2-Year Prison Sentence for Issuing Fake Insurance Policies
A former insurance agent in Miami has been convicted and sentenced to prison on multiple felony charges, including creating fake insurance documents for his clients. The Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced Mandy …
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07, 2016
Gunmaker Remington, Sued by Sandy Hook Victims, Wants Documents Sealed
A Connecticut judge will hear arguments on whether gun maker Remington Arms’ company documents should be sealed from public view as it fights a lawsuit filed by families of some of the victims of the 2012 Sandy Hook Elementary School …