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Marsh Appoints Rahr as Mid-Atlantic Partnership Leader in Philadelphia
Global insurance broker Marsh appointed David Rahr as Mid-Atlantic partnership leader based in Philadelphia. In this role, Rahr will work to ensure the seamless delivery of Marsh’s advisory and transactional services to Marsh’s clients throughout the Mid-Atlantic region, which includes …
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Penn. Health Care Marketplace Plan Strictly a Contingency: Gov.’s Office
Pennsylvania Gov. Tom Wolf’s administration will pull the plug on its effort to start running the insurance marketplace created by the 2010 health care law if the U.S. Supreme Court allows federal health insurance subsidies to keep flowing to hundreds …
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Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value of 49.6 …
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West Virginia Looks to Tackle Highest Drug Overdose Rate in Nation
West Virginia has the highest rate of overdose deaths in the U.S., according to a report released this week, further spotlighting Appalachia’s festering drug abuse problem that is also fueling a rise in hepatitis C in one of the nation’s …
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How Obamacare Has Avoided Death Spiral
Not so long ago, critics of Obamacare were warning of death spirals, the risk that too many sick people and not enough healthy ones would sign up for insurance, triggering a cycle of ever higher costs for insurers and steep premium hikes for consumers. That didn’t …
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General Star Expands Admitted Architects & Engineer Coverage to 3 Southeast States
General Star has expanded its Architects and Engineers Professional Liability program on an admitted basis in North Carolina, South Carolina and Georgia. These three states join New York, New Jersey and Pennsylvania as territories in which admitted paper is obtainable. …
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Insurers Stepping Toward Greater Green Investment Footprint
This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …
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Tarrant County, Texas Gets New Insurance Fraud Prosecutor
The Texas Department of Insurance (TDI) recently named William “Doug” Wallace as a fraud prosecutor who will work exclusively with criminal prosecutors in the Tarrant County District Attorney’s Office to combat insurance fraud. Wallace has two decades of insurance industry experience …
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PMA Cos. in Pennsylvania Promotes Romeu to Claims Client Service VP
PMA Companies in Blue Bell, Pennsylvania, promoted Lisa K. Romeu to vice president, Claims Client Service. Romeu reports to John Santulli, executive vice president, Risk Services and Sales. In this newly created position, Romeu will provide leadership and management of …
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AssuredPartners Acquires StoudtAdvisors in Pennsylvania
AssuredPartners Inc. announced its acquisition of StoudtAdvisors in Lancaster, Pennsylvania. Terms of the transaction were not disclosed. StoudtAdvisors is an independent insurance broker specializing in employee benefits programs and human resources consulting services to businesses in the central Pennsylvania region. …
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