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11, 2015
Louisiana Citizens Looks to Shed Questionable Insurance Deductible
Louisiana Citizens Property Insurance Corp. may soon end the longstanding, and apparently unique, practice of selling policies that include a $10,000 deductible for non-hurricane damage. Chief Financial Officer Steve Cottrell tells The Advocate the percentage of personal lines policies with …
2
11, 2015
Officials Say Shutdown of Health Republic Insurance of N.Y. Should Accelerate
New York State and federal authorities say the shutdown of Health Republic Insurance of New York should accelerate after they found it is in worse financial shape than they knew when it was ordered to stop writing new policies a …
4
11, 2015
Alper Services, Jun Zhou Insurance Alliance Targets Chinese American Clients
Alper Services has formed a new alliance with Jun Zhou Insurance Agency, a Chicago-based agency specializing in risk management and financial services for high net worth Chinese American individuals and middle market Chinese American companies. Jun Zhou Insurance Agency will …
3
11, 2015
UK’s Direct Line Hikes Motor Premiums as Result of Claims Inflation
Direct Line Insurance Group Plc, the UK’s largest car insurer, said pricing for its motor business increased in the last two quarters because of higher claims. Rates for car cover rose 8.4 percent in the three months through September, the company said …
5
11, 2015
Distillery Sues University Over Word ‘Kentucky’
Kentucky Mist Moonshine is suing the University of Kentucky over use of the word “Kentucky” on clothing. The company filed suit Nov. 2 in U.S. District Court. The Lexington Herald-Leader says the suit was filed in Pikeville but later reassigned …
2
11, 2015
Stephens Insurance Adds Energy Experts Wallace, Moore in Houston
Stephens Insurance LLC has hired industry veterans and energy specialists, Stuart Wallace and Morgan Moore, in Houston. Wallace will serve as president of the recently opened Stephens Insurance Houston office. Previously, Wallace was with Arthur J. Gallagher & Co. for more …
4
11, 2015
Michigan-Based Health Insurers to Merge
Two companies are planning a merger to become one of the largest health insurers in Michigan. Flint-based HealthPlus of Michigan and Detroit-based Health Alliance Plan announced Nov. 2 that they have reached an agreement and have signed a letter of …
3
11, 2015
Willis Appoints Baudouin as Mexico CEO
Willis Group Holdings plc has appointed John Baudouin as Chief Executive Officer (CEO) of its retail business in Mexico, effective immediately. He will “focus on driving the strategic vision for Willis in the region,” Willis said. “His priorities are to …
5
11, 2015
San Francisco Voters Reject Anti-Airbnb Measure, Re-Elect Mayor
San Francisco voters rejected a ballot measure to limit short-term rentals to 75 days a year and require hosting companies such as Airbnb to yank listings that violate the limit. Voters also re-elected Mayor Ed Lee while rejecting the Airbnb …
2
11, 2015
Man Charged in St. Louis-Area Church Arsons
Authorities charged a 35-year-old black St. Louis man with arson for two of the seven church fires in a predominantly African-American part of the St. Louis region, and federal investigators said there is no evidence of a hate crime. David Lopez …