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Germany’s Talanx Invests in Renewable Energy to Counter Low Interest Rates
Talanx AG, the German insurance company buying into its first offshore wind farm, said it’s likely to purchase more renewable-energy assets. The insurer sees renewables as offering “long-term, bigger yields than from assets such as state bonds,” Chief Financial Officer Immo Querner …
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New Mexico County Declares Disaster after Storm
The San Juan County Commission in New Mexico has declared a state of disaster following a violent storm that swept through Aztec and caused what officials estimate is more than $1 million in damage. The Daily Times reported the commission …
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RSA Promotes Middle to Role of Global Telematics Partnering Director
London-based RSA announced it has promoted Paul Middle to the role of global telematics partnering director. Effective immediately, Middle will be responsible for growing RSA’s telematics portfolio globally across both personal and commercial lines, working with the company’s core regions …
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R.I. AG Sues Health Insurance Commissioner Over 10% Blue Cross Rate Hike
Rhode Island’s attorney general has sued the state’s health insurance commissioner for allowing Blue Cross Blue Shield of Rhode Island to hike premiums for some residents 10 percent. Attorney General Peter Kilmartin says even though Insurance Commissioner Kathleen Hittner pared …
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Hanover Insurance CEO Eppinger to Exit
Frederick H. Eppinger is stepping down as president, chief executive officer and a director of the Worcester, Mass.-based The Hanover Insurance Group. The announcement said Eppinger, 56, is leaving to pursue other interests. The company said he will continue to …
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Preferred Mutual Hires Hill as Customer & Product Strategy VP in New York
Preferred Mutual Insurance Company in New Berlin, New York, hired Andre Hill as vice president, customer and product strategy. Hill joins Preferred Mutual from First Niagara Bank in Buffalo, New York, where he held the position of senior vice president …
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Midyear Renewals Show Early Signs of Price Stabilization: JLT Re Report
Downward pricing pressures eased during the June 1 and July 1 renewals – the first time since January 2013 – which suggests that a reinsurance pricing floor is not far away, according to a report published by JLT Re. “Although …
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Tennessee Supreme Court Rules for Insurer in Assignment of Benefits Case
The Tennessee Supreme Court has affirmed a Court of Appeals decision that a chiropractic patient’s assignment of benefits was not an effective assignment of his rights to insurance proceeds from a third party’s insurance company. The case stems from a …
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Esurance, Major League Baseball Team Up on New Awards
Esurance and Major League Baseball are establishing a new awards series that will hand out 24 prizes including best major leaguer, fan catch and social media post. The first-of-its-kind series adds content for MLB’s media properties while catering to its …
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New Hampshire’s HBL Group Joins North American Insurance Alliance
North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, announced that HBL Group LLC of Barrington, New Hampshire, has joined the alliance as a member agency. HBL Group is owned by partners Jeremy Lovett, president – Personal …
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