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08, 2015
NFP Acquires BWD Group in New York
NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the transaction were not disclosed. NFP said the BWD acquisition …
The article NFP Acquires BWD Group in New York appeared first on Insurance Journal.
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08, 2015
AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee
AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd. to terminate the amalgamation …
The article AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee appeared first on Insurance Journal.
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08, 2015
Nebraska Jury Awards $920K to Man Hurt When Chair Broke
A man who was injured at a Union Pacific facility when a chair he was sitting on broke has been awarded more than $920,000 by a jury in western Nebraska. Dan Anderson filed the lawsuit in March 2010, alleging that …
The article Nebraska Jury Awards $920K to Man Hurt When Chair Broke appeared first on Insurance Journal.
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08, 2015
OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that …
The article OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market appeared first on Insurance Journal.
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08, 2015
Appeals Court: Indiana Police Department Can Be Held Liable
A federal appeals court has ruled the Evansville Police Department in Indiana committed too many mistakes” to be shielded from liability in a lawsuit filed over a SWAT raid on her home in 2012. The Evansville Courier & Press reports …
The article Appeals Court: Indiana Police Department Can Be Held Liable appeared first on Insurance Journal.
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08, 2015
AmWINS Group Acquires The III Group in Pennsylvania
Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1972, The III Group’s divisions consist of …
The article AmWINS Group Acquires The III Group in Pennsylvania appeared first on Insurance Journal.
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08, 2015
D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner
The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner. Taylor succeeds Chester A. McPherson, who has served as DISB’s acting commissioner since …
The article D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner appeared first on Insurance Journal.
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08, 2015
Judge Sets 2016 Trial Date for Hulk Hogan Sex Tape Lawsuit
A Florida judge set a trial date of March 2016 for a lawsuit brought by Hulk Hogan – the biggest name on pro wrestling marquees in the `80s and `90s and later a reality TV star – against the news …
The article Judge Sets 2016 Trial Date for Hulk Hogan Sex Tape Lawsuit appeared first on Insurance Journal.
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08, 2015
Chubb Did Not Seek Competing Offers Prior to ACE Deal
Chubb Corp. and its bankers at Guggenheim Securities opted against seeking competing offers before the insurer agreed to be purchased by ACE Ltd. for more than $28 billion. “It was not asked by the Chubb board to, and Guggenheim Securities …
The article Chubb Did Not Seek Competing Offers Prior to ACE Deal appeared first on Insurance Journal.
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08, 2015
West Virginia to See Decrease in Workers’ Comp Premiums
Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the program was privatized in 2006. …
The article West Virginia to See Decrease in Workers’ Comp Premiums appeared first on Insurance Journal.