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07, 2015
Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …
The article Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight appeared first on Insurance Journal.
29
07, 2015
AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014
AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2015 of $63 million, or $0.63 per diluted common share, compared with $191 million, or $1.79 per diluted common share, for the second quarter …
The article AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014 appeared first on Insurance Journal.
29
07, 2015
Geneva Association Study Analyzes Asian Flood Risks, Insurability
The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning particularly widely,” the study concludes. “Less than 10 …
The article Geneva Association Study Analyzes Asian Flood Risks, Insurability appeared first on Insurance Journal.
29
07, 2015
Fewer Deer Equals Fewer Collisions Caused by Deer in South Carolina
Records show that collisions between vehicles and deer in South Carolina are declining. The State in Columbia reports that a review by South Carolina public safety officials shows that vehicles and deer collided more than 2,200 times in 2014. That …
The article Fewer Deer Equals Fewer Collisions Caused by Deer in South Carolina appeared first on Insurance Journal.
28
07, 2015
PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to contend, due to a …
The article PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2 appeared first on Insurance Journal.
28
07, 2015
Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base
In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A …
The article Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base appeared first on Insurance Journal.
28
07, 2015
Former Arkansas Insurance Exec Sentenced for Embezzlement
The former president of a Little Rock, Ark.-based insurance company has been sentenced to one year and one day in prison for embezzlement. United States District Judge Susan Webber Wright sentenced John Mathis “Matt” Lile, III, age 56, of Little …
The article Former Arkansas Insurance Exec Sentenced for Embezzlement appeared first on Insurance Journal.
28
07, 2015
Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility
Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International …
The article Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility appeared first on Insurance Journal.
28
07, 2015
More Wildfires in California, But Less Damage
The number of California wildfires so far this year is up, but the acreage burned is smaller, the result of favorable weather and more firefighters who can quickly be dispatched to corral flames, fire officials say. Since Jan. 1, about …
The article More Wildfires in California, But Less Damage appeared first on Insurance Journal.
28
07, 2015
IMA of Dallas Adds Madsen as VP, Account Executive
Independent insurance broker, IMA of Dallas, has hired Katie Madsen as vice president and account executive to oversee commercial property and casualty coverage. Madsen has 10 years of industry experience. She has managed multiple Fortune 500 clients, earned multiple prestigious …
The article IMA of Dallas Adds Madsen as VP, Account Executive appeared first on Insurance Journal.