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08, 2016
Security First Insurance in Florida Forms Regulatory Compliance Department
Security First Insurance Company has expanded and added new positions to its Ormond Beach, Fla.-based headquarters. According to Werner Kruck, chief operating officer, the company has formed a new Regulatory Compliance Department that will report to Melissa Burt-DeVriese, chief administrative …
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08, 2016
Tennessee Town Urges Caution After 2 Fires Caused by Oily Rags
An east Tennessee community is urging the proper storage and disposal of oil-soaked rags following the fourth fire involving spontaneous combustion in the past four years. The city of Oak Ridge says in a news release that the Fraternal Order …
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08, 2016
Zurich Extends Security, Privacy Coverage to Captives
Zurich Insurance has expanded its cyber insurance product to companies and their captives to protect against risks associated with data security breaches including cyber-related breaches. Zurich’s Security and Privacy Protection policy is now available to companies and their captives to …
16
08, 2016
Further Simplifying, AIG to Sell United Guaranty to Arch for $3.4 Billion
American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders. The deal is valued …
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08, 2016
BHSI & Tego to Provide Medical Indemnity Cover for Doctors in Australia
Berkshire Hathaway Specialty Insurance Co. (BHSI) and Tego Insurance announced they have entered into an exclusive underwriting agreement to provide medical indemnity insurance to medical practitioners in Australia. “We are delighted to work with Tego to bring BHSI’s medical indemnity …
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08, 2016
RFIB Launches Transaction Solutions Division, Names Wilson as Division Head
RFIB Group Ltd., the international Lloyd’s insurance and reinsurance broker, has launched a Transaction Solutions business with the appointment of James Wilson to lead the division. Reporting to Paul Chilton, chief operating officer, Wilson brings over 12 years’ experience in …
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08, 2016
Yellow Fever Outbreak in DR of Congo Could Spread Across Globe, Charity Warns
An outbreak of yellow fever that has killed hundreds of people in central Africa could spread across the world, an international children’s charity warned on Tuesday, even as a massive vaccination campaign was expected to get underway. The Democratic Republic of Congo (DRC) …
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08, 2016
List of 20 Hotels in 10 States Believed Hit by Hackers
Twenty Hyatt, Sheraton, Marriott and Westin hotels in 10 states and the District of Columbia may have been targeted by hackers for months. According to the hotel operator HEI Hotels & Resorts, malware put into place in at least 20 …
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08, 2016
Maine Denies Progressive’s Appeal to Raise Premiums for Older Drivers
Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …
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08, 2016
CEO Tells Jury GM Failed to Diagnose Ignition Switch as Safety Defect
General Motors Co. failed to designate a flawed ignition switch linked to multiple deaths and injuries as a safety concern, Chief Executive Officer Mary Barra told jurors at a Texas trial. GM engineers in 2004 and 2005 “misdiagnosed it as …