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Updated: 2 hours 14 min ago

Best Affirms Montpelier Re Holdings and Company Ratings

2 hours 30 min ago

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Montpelier Reinsurance Ltd. (Montpelier Re) as well as the ICR of “bbb” and debt ratings of the parent company, Montpelier Re …

The article Best Affirms Montpelier Re Holdings and Company Ratings appeared first on Insurance Journal.

Elia Joins Argo Group as Chief Human Resources Officer

2 hours 32 min ago

The Bermuda-based Argo Group International Holdings, Ltd. announced that Kurt Elia has joined the company as Senior Vice President and Chief Human Resources Officer. He Elia will report to Argo Group President and CEO Mark E. Watson III. “Attracting, developing …

The article Elia Joins Argo Group as Chief Human Resources Officer appeared first on Insurance Journal.

Kerr to Head New Allied World Canada Branch Office

2 hours 35 min ago

Allied World Assurance Company Holdings, AG announced the opening of a branch office in Toronto, Ontario to further expand its North American insurance operations. Allied World appointed Gord Kerr as Senior Vice President, Chief Agent & Branch Manager for the …

The article Kerr to Head New Allied World Canada Branch Office appeared first on Insurance Journal.

3rd IPCC Report: Greenhouse Gas Emissions Accelerate Despite Reduction Efforts

2 hours 38 min ago

The latest in a series of reports from the Intergovernmental Panel on Climate Change (IPCC) unfortunately confirms that “global emissions of greenhouse gases have risen to unprecedented levels despite a growing number of policies to reduce climate change. Emissions grew …

The article 3rd IPCC Report: Greenhouse Gas Emissions Accelerate Despite Reduction Efforts appeared first on Insurance Journal.

South Korea Says 293 Missing After Ferry Sinks En Route to Jeju Island

2 hours 56 min ago

South Korea’s government said 293 people remain missing after a ferry carrying hundreds of high school students sank en route to the resort island of Jeju. At least two people, including a student, died in the accident. A total of …

The article South Korea Says 293 Missing After Ferry Sinks En Route to Jeju Island appeared first on Insurance Journal.

RSA U.K. Chief Brown to Leave in First Resignation under Hester

3 hours 2 min ago

RSA Insurance Group Plc said the head of its U.K. and Western Europe business will leave the company, marking the first resignation of a senior manager since Stephen Hester was hired to revamp the British insurer. Adrian Brown, a 25-year …

The article RSA U.K. Chief Brown to Leave in First Resignation under Hester appeared first on Insurance Journal.

Starkweather & Shepley Names Healthcare Risk Specialist in Massachusetts

Tue, 04/15/2014 - 10:51

Starkweather & Shepley Insurance Brokerage Inc. has hired Stephen Primiano as their healthcare risk specialist. Primiano will working out of Starkweather’s Westwood, Mass., location, where he will continue to develop risk management strategies for hospitals, physician practices, assisted living communities, …

The article Starkweather & Shepley Names Healthcare Risk Specialist in Massachusetts appeared first on Insurance Journal.

N.J. Residents Providing Valuable Storm-Proofing Ideas for Post-Sandy Rebuilding Efforts

Tue, 04/15/2014 - 10:48

While scientists, politicians and engineers ponder ways to better protect New Jersey from storms like Superstorm Sandy, some of the best ideas are coming from those who suffered the most. As the second summer after Sandy approaches, several of the …

The article N.J. Residents Providing Valuable Storm-Proofing Ideas for Post-Sandy Rebuilding Efforts appeared first on Insurance Journal.

Zurich Launches Risk Management Tool for Financial Institutions

Tue, 04/15/2014 - 10:46

Zurich has launched a new Enterprise Risk Management (ERM) healthcheck assessment tool for financial institutions.  The tool was created to assist financial institutions in response to recent regulations making them more accountable for risk management. “The ERM Healthcheck helps financial …

The article Zurich Launches Risk Management Tool for Financial Institutions appeared first on Insurance Journal.

Texas Windstorm Insurer Opens 24-Hour Claims Call Center

Tue, 04/15/2014 - 10:39

The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail along the Texas coast, reported it has established a Claims Call Center that is open 24 hours, seven days a week. TWIA is encouraging its agents …

The article Texas Windstorm Insurer Opens 24-Hour Claims Call Center appeared first on Insurance Journal.

Oklahoma Congressman’s Weather Forecasting Bill Passed by U.S. House

Tue, 04/15/2014 - 10:38

The U.S. House of Representatives in early April passed a bill sponsored by an Oklahoma congressman that would enable development of technology for improving weather forecasting and predicting. Rep. Jim Bridenstine of Oklahoma’s 1st District said HR 2413, the Weather …

The article Oklahoma Congressman’s Weather Forecasting Bill Passed by U.S. House appeared first on Insurance Journal.

Ironshore Specialty Adds Product Recall to Crisis Management Coverage

Tue, 04/15/2014 - 10:37

Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

The article Ironshore Specialty Adds Product Recall to Crisis Management Coverage appeared first on Insurance Journal.

More State Aid Sought for Flood Control in Minot, North Dakota

Tue, 04/15/2014 - 10:36

Officials in the Minot, N.D., area say more state aid will be needed for an $820 million flood protection project for the Souris River Basin unless federal funds materialize. The State Water Commission developed the flood protection plan for the …

The article More State Aid Sought for Flood Control in Minot, North Dakota appeared first on Insurance Journal.

Unlicensed Ohio Company Told to Stop Selling Insurance Product

Tue, 04/15/2014 - 10:35

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor ordered an unlicensed insurance entity, My Community Care LLC, and its owner Tannile Ortiz to stop selling what the insurance department says is an unlawful product in the state of …

The article Unlicensed Ohio Company Told to Stop Selling Insurance Product appeared first on Insurance Journal.

Couch, Leung Named to Leadership Posts at Missouri Insurance Department

Tue, 04/15/2014 - 10:33

The Missouri Department of Insurance appointed two veteran regulators to key leadership posts. Carrie Couch has been named the acting director of the Consumer Affairs Division and William Leung has joined the Division of Insurance Company Regulation as the life …

The article Couch, Leung Named to Leadership Posts at Missouri Insurance Department appeared first on Insurance Journal.

Gas Tax Causes $500M Shortfall in Oregon Transportation Funding

Tue, 04/15/2014 - 10:32

People are driving less, and their vehicles have become more fuel efficient. While those might be considered positive trends, a potential decline in gas-tax revenue is one reason the Oregon Department of Transportation says it is on track to spend …

The article Gas Tax Causes $500M Shortfall in Oregon Transportation Funding appeared first on Insurance Journal.

Arkansas Transportation Officials Aim to Reduce Wet-Weather Crashes

Tue, 04/15/2014 - 10:30

About two dozen highways in Arkansas are set to receive a new pavement treatment that’s aimed at reducing crashes during wet weather, according to Arkansas highway officials. High-friction surface treatment is now used on some Arkansas interstates and has been …

The article Arkansas Transportation Officials Aim to Reduce Wet-Weather Crashes appeared first on Insurance Journal.

Hawaii License Suit Not Inclined To Be Dismissed By Judge

Tue, 04/15/2014 - 10:29

A federal judge is not inclined to dismiss a lawsuit alleging Hawaii discriminates against those with limited English skills by making it difficult for them to obtain a driver’s license. U.S. District Judge Susan Oki Mollway said in court documents …

The article Hawaii License Suit Not Inclined To Be Dismissed By Judge appeared first on Insurance Journal.

West Virginia Mine Board Approves Detection System Rule

Tue, 04/15/2014 - 10:15

A new state mine safety rule will require coal operators to install detection systems that automatically shut down continuous mining machines when people get too close. The rule gives companies until July 1, 2017, to install proximity detection systems on …

The article West Virginia Mine Board Approves Detection System Rule appeared first on Insurance Journal.

Southern California Agent Sentenced For Ponzi Scheme

Tue, 04/15/2014 - 10:12

Michael Zuno Zuniga, 43, of Fullerton, was sentenced to five years in Los Angeles County Jail and ordered to pay $1.2 million in restitution for his participation in a Ponzi scheme targeting Los Angeles area seniors. Zuniga was arrested in …

The article Southern California Agent Sentenced For Ponzi Scheme appeared first on Insurance Journal.

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