17 12, 2018

Effect of Judge Ruling Affordable Care Act Unconstitutional Delayed for Appeal

By | December 17th, 2018|Uncategorized|Comments Off on Effect of Judge Ruling Affordable Care Act Unconstitutional Delayed for Appeal

Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents, drawing sharp condemnation from some medical professionals and a vow for action by top Democrats. President Donald …

17 12, 2018

IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited

By | December 17th, 2018|Uncategorized|Comments Off on IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited

The Insurance Industry Charitable Foundation (IICF) has announced that nearly $1.3 million was raised on Wednesday, December 12, at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s Community Grants Program. This includes nearly $65,000 raised through …

17 12, 2018

Zurich to Shift $2B of UK Legacy Employers’ Liability Policies to Catalina

By | December 17th, 2018|Uncategorized|Comments Off on Zurich to Shift $2B of UK Legacy Employers’ Liability Policies to Catalina

Zurich Insurance plc has entered into an agreement with Catalina, a specialist acquirer of legacy insurance portfolios, to transfer its pre-2007 UK legacy employers’ liability policies to Catalina. As of December 31, 2017, the portfolio comprised gross liabilities of USD …

17 12, 2018

Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank

By | December 17th, 2018|Uncategorized|Comments Off on Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank

Salt Lake City-based digital lender WebBank has agreed to acquire Denver-based National Partners, a national insurance premium finance company and subsidiary of MLF Financial Group. This is the first foray into insurance premium finance for WebBank, a national issuer of …

17 12, 2018

JLT Re Partners with Insurtech for Auto Insurance MGA Pact

By | December 17th, 2018|Uncategorized|Comments Off on JLT Re Partners with Insurtech for Auto Insurance MGA Pact

Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San Francisco and currently offers low cost, on-demand …

17 12, 2018

EU Regulator Says Insurers Pass Stress Tests

By | December 17th, 2018|Uncategorized|Comments Off on EU Regulator Says Insurers Pass Stress Tests

Europe’s biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union’s insurance watchdog said on Friday. The European Insurance and Occupational Pensions Authority (EIOPA) published results of this year’s stress test …

17 12, 2018

California Will Set New Blackout Rules to Prevent Deadly Fires

By | December 17th, 2018|Uncategorized|Comments Off on California Will Set New Blackout Rules to Prevent Deadly Fires

California regulators have decided they need to step in and help determine when power blackouts are appropriate to prevent wildfires after a series of deadly blazes linked to electrical equipment. Utilities PG&E Corp., Edison International and Sempra Energy have been …

17 12, 2018

U.S. Drivers Sue Hyundai, Kia Over Car Engine Fires

By | December 17th, 2018|Uncategorized|Comments Off on U.S. Drivers Sue Hyundai, Kia Over Car Engine Fires

Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain engines to catch fire, adding pressure on the South Korean automakers being probed by U.S. authorities. More than 350 consumer …

17 12, 2018

Coalition Against Insurance Fraud: Top 9 Insurance Scammers Of 2018

By | December 17th, 2018|Uncategorized|Comments Off on Coalition Against Insurance Fraud: Top 9 Insurance Scammers Of 2018

The holiday season rang in with the year’s 9 most-brazen insurance-fraud grinches taking short sleigh rides for long prison terms after foisting outsized and elf-delusional insurance thefts. America’s extreme insurance schemers were inducted into the Insurance Fraud Hall of Shame …

17 12, 2018

Hyundai, Kia Owners Sue Manufacturers, Claim Fires Caused by Engine Defect

By | December 17th, 2018|Uncategorized|Comments Off on Hyundai, Kia Owners Sue Manufacturers, Claim Fires Caused by Engine Defect

Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain engines to catch fire, adding pressure on the South Korean automakers being probed by U.S. authorities. More than 350 consumer …