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07, 2016
Accident Fund Insurance Names Holland as Claims VP
Accident Fund Insurance Company of America has appointed Dean Holland to vice president of Claims. In this role, Holland is responsible for all claims and medical operations. Holland joined the company in 1987 as a claims examiner, and has worked in various …
7
07, 2016
AXA to Sell Serbian P/C and Life & Savings Units to Vienna Insurance
AXA announced it has entered into an agreement with Vienna Insurance Group to sell both its Life & Savings and Property & Casualty operations in Serbia and exit the Serbian market. Under the terms of the agreement, Vienna Insurance Group …
7
07, 2016
Lauve, Insurors Group Board Member, Named IIAT Chair
Insurors Group LLC, an alliance of independent insurance agents in Texas, announced that members of its board of directors were recognized by the Independent Insurance Agents of Texas at the group’s convention in San Antonio, Texas. Peter Lauve, with CBS Insurance …
7
07, 2016
Neon Selects TigerEye for U/W Analytics as It Grows Treaty Reinsurance Book
Neon, the specialist Lloyd’s insurer, announced that it has selected TigerRisk Partners’ TigerEye platform as its pricing and roll-up tool to support the company’s increasing presence in the property reinsurance marketplace. As previously announced, after completing a strategic review of …
7
07, 2016
Jail Sentences Upheld for Iowa Egg Execs in Salmonella Case
A federal appeals court has upheld jail sentences for two egg industry executives whose Iowa-based company caused a nationwide salmonella outbreak in 2010. In a long-awaited decision, the 8th U.S. Circuit Court of Appeals backed three-month jail sentences issued last …
7
07, 2016
Massachusetts City Settles Coerced Confession Claim for $2.1M
The city of Worcester, Massachusetts has agreed to pay $2.1 million to a mother who said police officers coerced her to confess to suffocating her 13-month-old son with a teddy bear. The Telegram & Gazette reported that the city announced …
7
07, 2016
Social Services Safety Group Gets $867K Texas Mutual Dividend
Texas Mutual Insurance Co. has awarded a dividend of $866,958 to the Social Services Agencies of Texas workers’ compensation safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses and …
7
07, 2016
Hedge Fund Insurers Struggle in Crowded Market with Poor Investment Results: S&P
Hedge fund firms that set up reinsurance companies will struggle because too many rivals had the same idea and investment results have been disappointing, according to a report from S&P Global Ratings. Money managers entered the reinsurance business to gain …
7
07, 2016
Houston-Based Employee Benefits Firms to Merge
Advantage Benefits Solutions (ABS) and Collins Benefits Solutions, both based in Houston, are merging. Together, the two employee benefits firms manage collective premiums of $58 million, according to the merger announcement. The merger is led by Mark Stefanick of Advantage …
7
07, 2016
Judge Reduces Johnson & Johnson $500M Implant Verdict Citing Texas law
A U.S. judge has slashed a $500 million verdict against Johnson & Johnson and its DePuy unit over allegedly defective metal-on-metal Pinnacle hip implants to approximately $151 million. On Tuesday, U.S. District Judge Ed Kinkeade in the Northern District of …