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28
09, 2015
IFG Companies Hires Smith as Underwriting Manager in Connecticut
IFG Companies has hired Geoffrey J. Smith as underwriting manager of its nationwide Commercial Underwriting Renewal Center in Hartford, Connecticut. While managing the efficiency and effectiveness of the Commercial Underwriting Renewal Center, Smith will also have a senior leadership role …
28
09, 2015
Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable
A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Hannover Rueck SE (Hannover Re) and its main subsidiaries. Best also affirmed the issuer ratings of the existing …
25
09, 2015
Duperreault’s Hamilton Seeking Takeovers as IPO Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job is to continually look for …
28
09, 2015
Catholic Mutual, Church Mutual to Offer Workers’ Comp Coverage
Catholic Mutual Group, a coverage provider for the Catholic Church in North America, and Church Mutual Insurance Company (CMIC), a nationwide insurer of religious organizations, have formed a strategic alliance under which CMIC will underwrite auto and workers’ compensation insurance …
25
09, 2015
No Coverage for Tony Stewart in Ward Race Car Death: Axis Insurance
Axis Insurance says the lawsuit brought against racing star Tony Stewart, whose car struck and killed another racer during a New York event in 2014, is not covered by the insurance policies it issued for Stewart. Axis maintains that its …
28
09, 2015
Florida Workers’ Comp Fraud Sting Leads to 9 Arrests
The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced nine arrests following a multi-agency workers’ compensation sting in Manatee County, Florida. These nine individuals were found to have advertised their ability to perform jobs such as plumbing, …
25
09, 2015
Typhoon Dujuan Strengthens; Threatens Ryukyu’s, Japan,Taiwan, China: AccuWeather
AccuWeather has reported that Tropical Storm Dujuan is on track to strengthen into a powerful typhoon with Japan’s Ryukyu Islands in its path and mainland Japan, Taiwan and eastern China on alert for potential impacts. “Dujuan has been steadily strengthening …
29
09, 2015
Europe’s Rich Families – Such as EXOR’s Agnellis – Turn Dealmakers
John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company. In June, he gathered two branches of the prominent Italian family …
25
09, 2015
North Carolina Health Care Whistleblower Case Ends With $118.7M Settlement
The actions of three whistleblowers from Park Ridge Hospital in Hendersonville, North Carolina have yielded what an attorney says is the largest ever settlement in a health care whistleblower case involving physician referrals to hospitals. According to a settlement agreement …
25
09, 2015
Louisiana P/C Commission: Worker’s Comp Market ‘Remains Competitive’
In its annual report to the Legislature for 2014-2015, the Louisiana Property & Casualty Insurance Commission noted that the workers’ compensation market in the state “remains competitive.” There were 246 insurance companies providing workers’ compensation insurance in Louisiana in 2014, …