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8
12, 2015
United Fire Group Appoints Frese Chief Technology Officer
Cedar Rapids, Iowa-based property/casualty insurer, United Fire Group Inc. (UFG), has appointed Brian Frese as chief technology officer. He brings more than 17 years of experience to UFG, including operational leadership and new technology implementation in the financial services industry. Frese …
8
12, 2015
Some Minot Officials Want Rewrite of Flood Regulations
Some officials in Minot, N.D., are proposing that the city rewrites its flood-related regulations in an effort to ease any future hikes in flood insurance premiums for residents. The Minot Daily News reports the city’s Planning Commission is recommending the …
7
12, 2015
Karen Clark Adds US Earthquake Reference Model to Modeling Platform
Karen Clark & Company (KCC) has released a new US earthquake Reference Model as part of the RiskInsight open loss modeling platform. The earthquake model is based on the latest 2014 US Geological Survey (USGS) report incorporating updated seismicity assumptions …
8
12, 2015
Survey: Prescription Drug Abuse Affecting Indiana Companies
The majority of Indiana companies that responded to a survey tied to the state’s growing woes with prescription medication abuse say their businesses are being affected by workplace abuse or misuse of those drugs, according to findings released on Dec. …
4
12, 2015
Indiana High Court Allows Negligence Claim Against Agent
Indiana’s high court has confirmed a lower court’s summary judgment favoring a property insurer that denied a homeowner’s claim after discovering that misleading information about the condition of the property had been submitted in the policy application. But in an …
8
12, 2015
Ohio’s Schauer Group Opens New Cleveland Office
Risk management and insurance services firm, Schauer Group Inc., based in Canton, Ohio, has opened a new office in the Cleveland area. The opening of the new Broadview Heights office strategically expands the company’s service footprint to accommodate growth in …
7
12, 2015
Uber Eyes Both Nevada and California Sides of Lake Tahoe Before 2016
Uber plans to bring ridesharing to either side of Lake Tahoe before the end of the year. A recent agreement with Nevada allowed the company to launch simultaneously on the California and Nevada sides of Lake Tahoe, the Reno Gazette-Journal …
8
12, 2015
Insurers Braced for Claims Surge as 10-Year High Floods Hit India
Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories of Ford Motor Co. and …
7
12, 2015
British Insurers Adjust Risk Models after Costly Repeat of 100-Year Floods
British insurers could have to pay out up to £250 million ($377 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England suffered once-in-a-century floods for the second time in 10 …
8
12, 2015
Sino-Ocean Land Says Nan Fung Sells Shares to Anbang Insurance Group
Sino-Ocean Land Holdings Ltd. said Anbang Insurance Group Co. purchased about a fifth of the Chinese developer’s shares from members of Nan Fung Group Holdings Ltd. for HK$7.8 billion ($1 billion). Members of closely held Nan Fung, based in Hong …