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6
07, 2015
PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan
PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s EXOR SpA a better option. A combination with AXIS would …
The article PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan appeared first on Insurance Journal.
6
07, 2015
Missouri Settles with American Modern Insurance over Excessive Rates
The Missouri Department of Insurance announced a regulatory agreement with American Modern Insurance Group Inc. over allegations that the company charged excessive rates in lender placed homeowners policies. Missouri regulators participated in a multistate market conduct action of American Modern …
The article Missouri Settles with American Modern Insurance over Excessive Rates appeared first on Insurance Journal.
6
07, 2015
Redpoint Insurance Acquires Texas’ Safeway County Mutual
Redpoint Insurance Group LLC has acquired Safeway County Mutual Insurance Co. in Dallas, Texas. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Co. Redpoint County Mutual will specialize …
The article Redpoint Insurance Acquires Texas’ Safeway County Mutual appeared first on Insurance Journal.
6
07, 2015
Tractor-Trailer Hitches Being Investigated After Ohio Crash
On a twisty, snow-lined hill that the locals call “Devil’s Backbone,” a 12-ton semi-trailer came loose from its tractor and plowed into an oncoming line of pre-dawn commuters. At 40 miles per hour, the trailer struck the side of one …
The article Tractor-Trailer Hitches Being Investigated After Ohio Crash appeared first on Insurance Journal.
6
07, 2015
Officials Discover Heavy Equipment Theft Ring in 6 South Carolina Counties
One man has been jailed and another is being sought as county officials in Florence and Clarendon, South Carolina say they’ve discovered a heavy equipment theft ring that operated in six counties. The Morning News of Florence reported that 31-year-old …
The article Officials Discover Heavy Equipment Theft Ring in 6 South Carolina Counties appeared first on Insurance Journal.
6
07, 2015
Report: Arson Rarely the Cause of Southern Church Fires
As social media buzzed about church fires in the South, investigators said July 2 that weather caused a destructive blaze at a predominantly black church in South Carolina. The State Law Enforcement Division said in a statement that investigators found …
The article Report: Arson Rarely the Cause of Southern Church Fires appeared first on Insurance Journal.
5
07, 2015
Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit
Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for West Virginia Farm Bureau members. Morrisey announced the settlement July 2. Former Attorney General Darrell McGraw filed the lawsuit …
The article Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit appeared first on Insurance Journal.
5
07, 2015
BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others
BP Plc’s record $18.7 billion settlement ended government claims over the 2010 Gulf of Mexico oil spill, leaving numerous smaller private lawsuits to be mopped up. While investors, residents and businesses that didn’t join a 2012 settlement still demand billions, …
The article BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others appeared first on Insurance Journal.
5
07, 2015
Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals
Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. The Aetna-Humana tie-up would be the …
The article Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals appeared first on Insurance Journal.
2
07, 2015
Spate of Climate Change Reports Ahead of Global Summit
Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts. I’m not just talking about Pope Francis’ crusade to call attention to climate change – he most recently said …
The article Spate of Climate Change Reports Ahead of Global Summit appeared first on Insurance Journal.