Signature Select LLC, a retail insurance broker subsidiary of The IMA Financial Group Inc., has promoted Chad Elgas to vice president of the Kansas City, Kan., market. Elgas will manage strategic growth in Kansas City and the surrounding region. He …
Insurer XL has appointed Robert C. Schenone as vice president and senior class underwriter in its space underwriting unit. Schenone, who will be based in New York, joins XL Insurance from Sciemus Ltd., where he served as head of the …
Pennsylvania-based insurance broker KMRD Partners has added Ryan Heinig and Brendan McPoyle as producers. The two will serve as sales and relationship managers, and perform risk management and coverage needs assessments for new clients. Heinig previously worked in workers’ compensation …
Progressive has begun national advertising for its “Pay-As-You-Drive” program, Snapshot, which offers drivers discounts of as much as 30 percent based on real-time analysis of their driving habits. Over the past few years Progressive has been refining its “Pay-As-You-Drive” program, …
Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance Co. into liquidation and suspended the license of insurer Seminole Casualty Insurance Co. The Fort Lauderdale-based AequiCap was taken over …
A quiet campaign by Oklahoma’s business community to head off tough new immigration legislation is causing an angry rift among Republicans in the Legislature, some of whom charge that voters’ desire for more action to curb illegal workers is being …
Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-sensitive Capitol Hill these days. However the idea is included in a Republican-drafted reform of the National Flood Insurance Program …
The magnitude 8.9 earthquake, 6 miles down in the Japan Trench and 130 kms (81 miles) off Japan’s northeast coast, triggered a tsunami that devastated cities and towns over a wide area. Pictures of the onrushing waves, piling up cars …
U.S. insurer Aflac Inc , which is the largest foreign insurer in Japan, has “rather limited” financial exposure to the devastating earthquake and tsunami, Aflac’s chief executive said. “Are we going to be hit in terms of earnings or major …
Economic losses in the regions of Japan that were hit by a massive earthquake will reach around 14 trillion yen to 15 trillion yen ($171-$183 billion) based on information available on Monday, Credit Suisse said in a research note. Credit …
