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16
07, 2015
Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen Reichman, 54, and three others scammed …
The article Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud appeared first on Insurance Journal.
15
07, 2015
Residents, South Dakota City Settle Suit Over Sewer Backups
Spearfish, S.D., residents who sued the city over sewer backups have settled out of court for an undisclosed amount of money. Members of eight households in a five-block area in late 2013 filed a lawsuit that was scheduled to go …
The article Residents, South Dakota City Settle Suit Over Sewer Backups appeared first on Insurance Journal.
17
07, 2015
Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion
Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to expand in the country, Tsuyoshi Nagano, …
The article Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion appeared first on Insurance Journal.
16
07, 2015
Cobalt Secures Major Property Portfolio for 90 North through Lockton
Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice (REAC). Lockton’s client, 90 North Real Estate Advisors LLP’s portfolio “includes high …
The article Cobalt Secures Major Property Portfolio for 90 North through Lockton appeared first on Insurance Journal.
16
07, 2015
Axis Capital Raises Special Dividend in PartnerRe Offer
Reinsurer Axis Capital Holdings Ltd said it was raising the special dividend component of its offer for PartnerRe Ltd as it looks to fend off a rival offer from EXOR SpA. Axis said it would raise the special dividend to …
The article Axis Capital Raises Special Dividend in PartnerRe Offer appeared first on Insurance Journal.
15
07, 2015
N.J. Gov. Christie Seeks Federal Disaster Aid for Storm-Ravaged Counties
New Jersey Gov. Chris Christie on Monday requested the federal government to issue a major disaster declaration for severe thunderstorms that caused more than $15 million worth of damage and knocked out power to 300,000 people in southern New Jersey …
The article N.J. Gov. Christie Seeks Federal Disaster Aid for Storm-Ravaged Counties appeared first on Insurance Journal.
16
07, 2015
QBE Selling Lender-Placed Insurance Business for $90M
QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services business to National General Holdings Corp. for $90 million. The transaction will result in a pretax loss of about $120 …
The article QBE Selling Lender-Placed Insurance Business for $90M appeared first on Insurance Journal.
15
07, 2015
Penn. Insurance Commissioner Congratulates Mature Driver Safety Class
Pennsylvania Insurance Commissioner Teresa Miller on July 13 presented certificates to approximately 25 Pennsylvanians who successfully completed a mature driver safety class in Dauphin County. Miller also reminded participants that state law requires a minimum five percent auto insurance discount …
The article Penn. Insurance Commissioner Congratulates Mature Driver Safety Class appeared first on Insurance Journal.
16
07, 2015
Senate Panel Makes U-Turn on Rentals of Recalled Vehicles
A Senate panel killed a proposal to permit companies to continue renting vehicles that have been recalled, a measure criticized by consumer groups, automakers and even some rental-car companies. The Commerce, Science and Transportation Committee instead voted Wednesday to require …
The article Senate Panel Makes U-Turn on Rentals of Recalled Vehicles appeared first on Insurance Journal.
15
07, 2015
Suit Charges Wal-Mart with Discrimination Against Gay Employees Over Health Benefits
Wal-Mart Stores Inc. was accused of discriminating against gay employees in a lawsuit that pits the biggest U.S. retailer against rights activists just weeks after same-sex marriage was legalized nationwide. In a proposed class-action complaint, Wal-Mart employee Jacqueline Cote says …
The article Suit Charges Wal-Mart with Discrimination Against Gay Employees Over Health Benefits appeared first on Insurance Journal.