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06, 2016
National Interstate Rejects Stock Bid from Great American Insurance
National Interstate Corp., Richfield, Ohio, has rejected a verbal proposal from Great American Insurance Co., a wholly-owned subsidiary of American Financial Group Inc., to pay $30.75 per share of common stock of the company for the outstanding shares of the …
24
06, 2016
AFG Rebranding to Associated Benefits and Risk Consulting
Greenbay, Wis.-based Associated Bank announced that it will rebrand its Associated Financial Group (AFG) subsidiary to Associated Benefits and Risk Consulting (ABRC). The move follows the February 2015 acquisition and subsequent integration of Ahmann & Martin Co., a risk and …
28
06, 2016
New Hampshire Woman Withdraws Civil Suit Against Bill Cosby
A 72-year-old New Hampshire woman who says Bill Cosby raped her in 1965 has withdrawn her civil defamation lawsuit against the comedian after a federal judge had allowed the case to move forward. Kristina Ruehli’s lawyer told The Associated Press …
23
06, 2016
Lockton Names Spencer to Succeed Lumelleau as CEO in 2017
Global insurance broker Lockton has chosen insider Glenn A. Spencer as its next president and chief executive officer, effective May 1, 2017. Spencer will succeed John L. Lumelleau, who has led Lockton as president and CEO since 2002 and through …
28
06, 2016
Britain’s Vote to Leave EU Hikes Concerns over UK Insurers’ Capital Strength
Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require …
24
06, 2016
Settlement to Make Punitive Damages from 2010 Oil Spill Available to Claimants
Nearly $1.24 billion in punitive damages arising from BP’s 2010 Gulf of Mexico oil spill will become available to property owners and some fishermen affected by the spill under a pending settlement with two corporations that also had a role …
23
06, 2016
Insurers, Agents Together Need to Lower Distribution Costs: Berkley
Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive chairman of the W.R. Berkley Corp. Economic and social trends are …
24
06, 2016
Texas State Senator Sues Cowboys Player over Allegedly Trashed House
Dez Bryant faces a lawsuit from his former landlord over allegations of more than $60,000 in damages to a house that the Dallas Cowboys receiver leased. The civil suit was filed last week by Texas state Sen. Royce West, an …
23
06, 2016
Massachusetts’ Rogers & Gray Acquires Albert Brock Co. on Nantucket
Cape Cod, Massachusetts-based Rogers & Gray Insurance has acquired the independent insurance agency, Albert G. Brock Co., located on Nantucket Island. The newly formed entity will now be known as Brock Insurance, a division of Rogers & Gray. The Brock …
24
06, 2016
June 17 North Dakota Storm Damages Adding Up, Regulators Say
The North Dakota Department of Insurance reported that the Bismarck/Mandan-area storm that occurred on June 17 is developing into one of the largest claim events for 2016 in state, which has experienced several severe weather events this spring. So far, …