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TUMI Launches Dump Truck Insurance Program
Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has established a relationship with an ‘A’ rated carrier as well as an ‘A++’ rated reinsurer to underwrite insurance for dump truck operators and other aggregate haulers. Coverages include auto liability, …
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Typhoon Soudelor Nears Taiwan; China Next in Line: AccuWeather Report
AccuWeather has reported that “powerful Typhoon Soudelor will bring both flooding rainfall and damaging winds to Taiwan as the storm remains on a collision course with the island.” The report noted that “even though Soudelor has weakened, it remains a …
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Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New Zealand, and appointed Dimitry Zilberud, Head of Marine, and Mark Dixon, …
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Uber Driver Case Tests ‘Sharing Economy’ Business Model
The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle comes Thursday in …
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Virginia’s Roanoke Valley Considers Insurer-Funded Collision Reporting Center
Police in four Roanoke Valley localities in Virginia have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem, Roanoke County and Vinton approve the one-year …
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Mississippi Insurance Commissioner Chaney Wins Republican Nomination
Second-term incumbent Mike Chaney of Vicksburg has won the Republican nomination for insurance commissioner. He held off a challenge Tuesday from John Mosley, a body shop owner from Clinton. Mosley campaigned, in part, by saying insurance companies have gotten away …
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Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief financial officer of Chaucer Holdings plc and managing director …
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N.J. Regulators Recovered $15.7M for Consumers in Fiscal Year 2015
The New Jersey Department of Banking and Insurance (DOBI) recovered more than $15.7 million for consumers in fiscal year 2015 which ended June 30, according to an announcement today by Acting Commissioner Richard J. Badolato. DOBI recovered $15.02 million from …
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Midwest Headed for Economic Slowdown, July Survey Suggests
Slumping numbers in a July survey suggest there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states, according to a report issued Aug. 3. The overall Mid-America Business Conditions …
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Environmental Groups Concerned Over Renewed Oil Hunt in Florida
Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state’s regulation of the oil and gas industry. A Miami company, Kanter Real Estate LLC, has submitted a permit application to drill an exploratory oil …
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