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Former California Agent Ordered to Pay Restitution for Premium Theft
Christopher Emery, 33, of Downey, Calif. formerly a licensed insurance broker doing business as CPE Insurance Services, has plead guilty to seven felony counts of grand theft for stealing insurance premiums. Emery collected premium payments from customers and failed to …
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Wells Fargo Insurance Names Calvert Head of Client Experience in Colorado
Wells Fargo Insurance has named Chris Calvert head of its newly established client experience team. Calvert will lead a team focused on strengthening customer service. She is based in Highlands Ranch, Co., and she reports to Todd Wartchow, head of …
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NYC, Uber Reach Deal: No Cap on Company During 4-Month Study
Uber cars can continue to be a growing presence on the streets of New York City now that an agreement has been reached between the ride-hailing company and the city. Just before a City Council vote that could have capped …
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MOC Insurance in California Makes New Hires
MOC Insurance Services made several additions to its California team. Leanna Dole was named account executive. Dole’s focus is on personal, high net worth accounts. She has 25 years of industry expertise. Prior to MOC, she worked for NFP P&C, and Andreini …
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Tornado in Colorado Forest Area Damages Campground
Tornado damage at a Pike National Forest campground has crews clearing felled trees in a six-acre area. KMGH-TV reported the Devil’s Head campground was hit by a tornado that the National Weather Service confirms touched down Tuesday afternoon. Picnic grounds …
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Beazley CEO Calls on Lloyd’s to Overhaul Data Systems
Beazley Plc CEO Andrew Horton called on Lloyd’s of London to overhaul the way it manages trade information to make the world’s oldest insurance market more efficient and globally competitive. “The transfer of data in the market has got to …
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Health Costs in Record Slowdown But Do Consumers Notice?
The price of health care has grown more slowly than core consumer prices—what Americans spend on everything except food and energy—over the past five years. It’s the first time that’s happened since record-keeping started in 1959. That’s a remarkable break from decades of health-care prices …
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Anthem to Buy Cigna, Creating Largest U.S. Health Insurer
Anthem Inc. said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes three weeks …
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Firms Interested in Driver Data Collected by Auto Insurers
The restaurants and doughnut shops that consumers pass on their commute would love to predict when they’ll be driving by. Their auto insurer may already know, and could be looking for a way to profit from that information. Allstate Corp. …
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Chubb Reports Q2 Results
The Chubb Corp., which on June 30 agreed to be acquired by ACE Limited for $28 billion, reported net income in the second quarter of 2015 totaling $494 million, just a notch below the $499 million achieved in the second …
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