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ACE Taps Mandeville to Lead Surety Operations in West
Scott Mandeville has joined the ACE Group as vice president, Surety Underwriting, and regional manager for the Surety division in the Western region. The division includes the states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Wyoming. …
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Iowa Egg Farm Sued After Bird Flu Disrupts Supply
A food supplier claims an Iowa egg farm breached a contract after bird flu disrupted the supply of eggs. Michael Foods Egg Products Co., a subsidiary of St. Louis-based cereal-maker Post Holdings Inc., filed a lawsuit in federal court in …
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Marriage Right Doesn’t Protect Gays in Employment, Commerce or Housing
The U.S. Supreme Court may have written the most consequential words in the history of gay rights with its recognition of same-sex marriage. But those words won’t be the last. While same-sex marriage was already legal in most of the …
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EU Capital Markets Plan Must Improve Investor Protections: UK Regulator
The European Union’s plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers’ are hoping for, a top British regulator said on Thursday. Martin Wheatley, chief executive …
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Obamacare Tax Subsidy Recipients in Northeast Express Relief
The U.S. Supreme Court on Thursday upheld the tax subsidies for health insureds across the country including those in states without their own health exchanges that use the federal health insurance exchange. The following are some of the reactions from …
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Two Self-Driving Cars Avoid Collision, Says Passenger
Two self-driving prototype cars, one operated by Google Inc. and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters on Thursday. It was believed to be …
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Ironshore Launches Security Endorsement for High Net Worth Insureds
Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families. Designed to meet the needs of high …
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Ron Lockton Named Vice Chairman at Lockton
Ron Lockton has been named vice chairman of Kansas City, Mo.-based privately held, independent insurance broker, Lockton Inc. He will take on broader global leadership responsibilities as part of the company’s long-term succession plan. Ron Lockton, 48, is the son of …
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Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill
The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies. “For …
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Supreme Court Opinion To Have No Effect on Health Insurers: S&P
Today’s Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms since it continues the current operating environment, according to a leading rating …
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