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Updated: 2 hours 20 min ago

GM Victims Fund Opens Today; Hundreds of Ignition Switch Claims Expected

2 hours 52 min ago

Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say. General Motors Co. in April hired Washington, …

The article GM Victims Fund Opens Today; Hundreds of Ignition Switch Claims Expected appeared first on Insurance Journal.

AIG, GE Capital Systemic Risk Designations Renewed

3 hours 1 min ago

The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight Council was unlikely to designate …

The article AIG, GE Capital Systemic Risk Designations Renewed appeared first on Insurance Journal.

U.S. to Step Up Oversight of Genetic Testing

3 hours 9 min ago

Commonly used tests to predict disease or match a cancer patient with the drug most likely to work will be more strictly regulated under a U.S. Food and Drug Administration proposal. The plan released yesterday means the agency will review …

The article U.S. to Step Up Oversight of Genetic Testing appeared first on Insurance Journal.

The Hartford Realigns Senior Leadership

3 hours 25 min ago

The Hartford Financial Services Group announced a realignment of its senior leadership positions. The Hartford CEO Christopher J. Swift said the realignment is part of the company’s strategy to grow the Property & Casualty, Group Benefits and Mutual Funds businesses …

The article The Hartford Realigns Senior Leadership appeared first on Insurance Journal.

HealthCare.Gov Cost Overruns, Tech Glitches Jeopardize November Enrollment: GAO

3 hours 30 min ago

Ten months after the botched rollout of HealthCare.gov, Obamacare’s federal health insurance exchange is still dogged by cost overruns and technology delays that could hamper enrollment when it resumes in November, a U.S. watchdog said. The total cost of HealthCare.gov …

The article HealthCare.Gov Cost Overruns, Tech Glitches Jeopardize November Enrollment: GAO appeared first on Insurance Journal.

Allied World Europe Expands Professional Liability Team

5 hours 10 min ago

Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial Institutions and Nicholas Lee as Vice President, European …

The article Allied World Europe Expands Professional Liability Team appeared first on Insurance Journal.

Minova Insurance Launches BMS Capital Advisory

5 hours 14 min ago

UK-based Minova Insurance Holdings announced the launch of BMS Capital Advisory, a broker-dealer registered with the SEC and a member of both the UK’s Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). BMS Capital Advisory is an …

The article Minova Insurance Launches BMS Capital Advisory appeared first on Insurance Journal.

India Landslide May Leave No Survivors as Death Toll Rises to 61

5 hours 19 min ago

The death toll from a landslide triggered by torrential rains this week in India’s western Maharashtra state rose to 61 with 110 missing people feared dead, a government official said. Among the dead were 10 children, Ganesh Patil, additional district …

The article India Landslide May Leave No Survivors as Death Toll Rises to 61 appeared first on Insurance Journal.

Direct Line in Talks to Sell Italy, Germany Units; Shares Surge

5 hours 23 min ago

Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October 2012. The discussions …

The article Direct Line in Talks to Sell Italy, Germany Units; Shares Surge appeared first on Insurance Journal.

AXA First-Half Profit Rose 22%, Led by Life & Savings Unit

5 hours 26 min ago

AXA SA, France’s largest insurer, said first-half profit rose 22 percent, buoyed by improved earnings from selling life insurance and savings products. Net income rose to €3 billion ($4 billion) from €2.47 billion [$3.3 billion] in the previous year, the …

The article AXA First-Half Profit Rose 22%, Led by Life & Savings Unit appeared first on Insurance Journal.

Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors

5 hours 31 min ago

Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash to shareholders. The German group has grown to become …

The article Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors appeared first on Insurance Journal.

Braxton President of The Buckner Co.’s New Colorado Office

Thu, 07/31/2014 - 17:44

The Buckner Co. has opened new Denver, Colo. office and named Keith Braxton president. As head of the Salt Lake City, Utah-based commercial insurance brokerage’s Colorado office, Braxton is charged with recruiting talent, building the company’s brand in the market and …

The article Braxton President of The Buckner Co.’s New Colorado Office appeared first on Insurance Journal.

Cat Modeler’s Sharknado Model Follows Campy SyFy Sequel

Thu, 07/31/2014 - 12:38

Editor’s note: Wednesday night’s premier of “Sharknado 2: The Second One” on the SyFy Channel followed last year’s corny flick, which lit up Twitter with praise and insults for its camp and B-grade acting. The product placement-laden, cameo-heavy sequel pitted …

The article Cat Modeler’s Sharknado Model Follows Campy SyFy Sequel appeared first on Insurance Journal.

Anthony to Direct Government Affairs at Insurance Institute

Thu, 07/31/2014 - 10:59

The Ohio Insurance Institute (OII) announced it has hired Jeff Anthony to direct its legislative and regulatory initiatives. Anthony most recently worked at the Ohio Department of Aging as a legislative liaison and previously worked in the Ohio House as …

The article Anthony to Direct Government Affairs at Insurance Institute appeared first on Insurance Journal.

20K Maine Residents to Get Health Insurance Premium Rebates

Thu, 07/31/2014 - 10:58

Nearly 20,000 Maine customers of health insurer Aetna are getting premium rebates because a provision in the Affordable Care Act limits what insurance companies can spend on administrative costs. The rebates for 2013 service, totaling more than $1.8 million, will …

The article 20K Maine Residents to Get Health Insurance Premium Rebates appeared first on Insurance Journal.

Illinois Warns Insurers of Ban on Transgender Discrimination

Thu, 07/31/2014 - 10:56

The state of Illinois has cautioned insurers about discriminating against transgender people. The Illinois Department of Insurance bulletin issued to insurers this week details nondiscrimination provisions in the federal Affordable Care Act along with Illinois laws. Backers say the move …

The article Illinois Warns Insurers of Ban on Transgender Discrimination appeared first on Insurance Journal.

A.M. Best: Outlook Stable for Wisconsin Mutual Insurance

Thu, 07/31/2014 - 10:55

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC), based in Madison. The ratings reflect WMIC’s solid capitalization, favorable balance …

The article A.M. Best: Outlook Stable for Wisconsin Mutual Insurance appeared first on Insurance Journal.

Louisiana Agent Booked with 29 Counts of Insurance Fraud

Thu, 07/31/2014 - 10:53

Louisiana State Police have booked a 58-year-old West Monroe man with 29 counts of insurance fraud and one count of theft. Trooper Albert Paxton tells The News-Star that John Whittington, a licensed insurance agent, allegedly obtained insurance premiums in cash …

The article Louisiana Agent Booked with 29 Counts of Insurance Fraud appeared first on Insurance Journal.

Copper Wire Thieves Hit Oklahoma City, Knock Out Street Lights

Thu, 07/31/2014 - 10:51

Oklahoma City police say they’re investigating the largest copper wire heist that’s ever happened in the city. Drivers were left in the dark after thieves cut down copper wires from traffic signals and light poles this past weekend. Police Cpt. …

The article Copper Wire Thieves Hit Oklahoma City, Knock Out Street Lights appeared first on Insurance Journal.

Selective Insurance’s Q2 Profit Rises 8% to $29M

Thu, 07/31/2014 - 10:50

Selective Insurance Group in Branchville, New Jersey, reported its 2014 second quarter net profit rose to $29.341 million, up 8.2 percent from $27.122 million profit during last year’s second quarter. Total net premiums written (NPW) for the second quarter rose …

The article Selective Insurance’s Q2 Profit Rises 8% to $29M appeared first on Insurance Journal.

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