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07, 2016
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at more than 80 independent insurance brokers. The survey …
18
07, 2016
Nearly $1M in Stolen Construction Equipment Found in Chicago Home
Chicago police are asking people who’ve had construction equipment stolen in recent months to report to a West Side district station to identify items allegedly found in a man’s home. Police say investigators found $750,000 to $1 million in stolen …
18
07, 2016
Swiss Re Taps Harman, Poppie for U.S. Central Region Leadership Positions
Swiss Re Corporate Solutions has added Christine Harman as senior vice president, head of Casualty, and named Gabriel Poppie as senior vice president, head of Sales, for its U.S. Central Region. Both are based in Chicago. Harman will be responsible for …
18
07, 2016
Louisiana Company Recalls 21,500 Pounds of Catfish Products
The U.S. Department of Agriculture says a north Louisiana business is recalling more than 21,500 pounds of catfish products for hotels, restaurants and other institutions in six states. The recall by Haring Catfish Inc. of Wisner involves products that USDA …
18
07, 2016
Emergency Declared in Oklahoma After Severe Storms
Oklahoma Gov. Mary Fallin has declared a state of emergency for 35 Oklahoma counties following three days of severe storms, strong winds, tornadoes and flooding. The executive order signed Friday allows state agencies to make emergency purchases for disaster relief …
18
07, 2016
Fire Damage at Oklahoma Power Plant Could Reach $200M
Officials say the cost of damage from a fire at the Grand River Dam Authority’s main generating facility in Chouteau, Okla., could reach $200 million. The Tulsa World reports that GRDA spokesman Justin Alberty says the July 1 fire’s total …
18
07, 2016
ICT Honors Lawson Posthumously with Raymond Mauk Award
The Insurance Council of Texas (ICT) posthumously honored Ron Lawson, former vice president at the Republic Group in Dallas, with the Raymond Mauk Leadership Award during the group’s 24th Annual ICT Mid-Year Property and Casualty Symposium in Austin. Lawson passed last …
18
07, 2016
Workers’ Comp Line Achieves ‘Significant’ Profit in 2015: Fitch
The U.S. workers’ compensation insurance market achieved a “significant” underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a new report. For 2015, the workers’ compensation combined ratio came …
18
07, 2016
Selling Medical Insurance to Olympic Travelers – An Expert Offers Advice
How should an agent or broker approach selling travel medical insurance to those heading to Rio? The answer is simple: know what potential dangers they face, provide them with the information to reduce their risk, and in the event they …
18
07, 2016
Cincinnati Financial Corp. Reports $160M-$170M in Q2 Storm Losses
Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property/casualty group expects its second-quarter results to include pretax catastrophe losses of approximately $160 million to $170 million. That loss amount represents an impact on the second-quarter 2016 combined ratio of …