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Officials Say Washington Wildfire Was Human-Caused
Officials say a wildfire that has burned one home and torched nearly 6 square miles in southeastern Washington was likely human-caused. Fire spokeswoman Sarah Foster says the cause is under investigation, though officials determined lightning was not the cause. Nearly …
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ACE Appoints Stapleton VP, Cyber Insurance Manager – ACE Overseas General
ACE Group announced that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager, a newly created position, for ACE Overseas General, the company’s general insurance business outside of North America. The bulletin said Stapleton would …
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Crouch Honored by Insurance Professionals of Greater New Orleans
Karen Crouch, marketing manager in the commercial lines division at the New Orleans-based insurance agency, Gillis, Ellis & Baker Inc., has been named Insurance Professional of the Year by the Insurance Professionals of Greater New Orleans. Gillis, Ellis & Baker …
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Anthem Reported Close to $48B Deal for Cigna
Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks. …
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Ohio Sees Rise Auto, Homeowners Rates in 2014
Ohio Lieutenant Governor Mary Taylor announced that average rates for the top 10 private passenger auto and homeowner’s insurance groups in Ohio increased 2.6 percent and 4.3 percent, respectively, in 2014. The average rate change for auto insurance is similar …
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Senate Bill Would Expand Big Rig Trucking by Teen Drivers Nationally
Drivers as young as 18 years old could be allowed to drive 80,000-pound trucks between states if Congress goes along with a proposal backed by the U.S. trucking industry that safety advocates say would be a disaster. The plan, part …
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Oklahoma Town OKs Rules Restricting Oil, Gas Drilling in City
Leaders in Stillwater, Okla., approved new rules for oil and gas drilling within the city to the disappointment of industry representatives. A.J. Ferate, vice president of regulatory affairs at the Oklahoma Independent Petroleum Association, said the City Council’s approval of …
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Universal Property & Casualty Approved as Licensed Insurance Entity in Va.
Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation Commission approving UPCIC as a licensed insurance …
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New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg
The new company formed as a result of ACE Limited’s acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg has promised. The new company will …
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JLT Re Builds Programs & Binding Authorities Division with 3 New Hires
JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …
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