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07, 2016
U.S. Expected to Sue to Stop Anthem, Aetna Deals
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter. Justice Department officials, who are responsible …
19
07, 2016
WorkCompCentral Founder Remembered as ‘Innovative Thinker’
The founder of WorkCompCentral died on Sunday in a motorcycle crash, according to employees at the website. David DePalo, 56, was reportedly in the Santa Monica Mountains near Malibu Hills, Calif. in the afternoon when he hit an embankment, according …
19
07, 2016
G2 Insurance Services Names Fox-Foster Claims Manager in California
G2 Insurance Services has named Martin Fox-Foster claims manager. Fox-Foster will be located in the company’s San Francisco office He will serve as a resource to G2 Insurance’s commercial clients, advocating on their behalf for a range of property/casualty, cyber …
19
07, 2016
Cunningham Lindsey Subsidiary, Vale, Launches Claims Consulting Service
Dallas-based Vale Training, a Cunningham Lindsey company and an independent division specializing in training for adjusters and appraisers in the insurance claims industry, has launched Vale Consulting Services to provide seasoned executives as claims consultants to advise insurers, brokers and …
19
07, 2016
BRP to Offer Excess Management Liability Through Great American
Specialty underwriter and program administrator Business Risk Partners (BRP) has launched an excess management liability facility backed by Great American Insurance Group. The facility will provide up to $5 million in capacity, available standalone or sitting above BRP’s primary coverage …
19
07, 2016
Takata Settles Airbags Lawsuit With Florida Driver’s Estate
Takata Corp. agreed to settle a lawsuit in Florida with the estate of a driver of a Honda Civic who claimed to have been left a quadriplegic because of a dangerous airbag in the vehicle. Terms of the settlement weren’t …
19
07, 2016
HGGC/Integrity Partnership to Acquire Nebraska Insurance Marketing Firm
Palo Alto, Calif.-based middle market private equity firm HGGC, has completed its equity investment in Integrity Marketing Group LLC (Integrity), an independent distributor of life/ health insurance products focused on serving the senior market. Concurrently, HGGC and Integrity announced they …
19
07, 2016
Takata Engineers ‘Manipulated’ Results of Air-Bag Inflator Tests: Honda Audit
Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …
19
07, 2016
Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial
Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …
19
07, 2016
Drivers Take Uber to UK Tribunal in Test Case that Could Threaten Business Model
Two drivers took Uber to a British employment tribunal on Tuesday, arguing that the ride service is acting unlawfully by not offering rights such as holiday and sick pay, in a test case that could force the app to change …