Monthly Archives: <span>March 2012</span>

Allianz Confirms 2011 Earnings; Warns 2012 Won’t Be Easier than 2011

Allianz confirmed the earnings figures previously published in February in its 2011Annual Report, but Europe’s biggest insurance group also warned that it expects a tough 2012 as it works to counter the burden of low interest rates by improving operations …

EU Agrees to Some Iran Oil Insurance Exemptions – Until July

The European Union will allow some insurance on Iranian oil shipments before its full embargo starts on July 1, member states agreed on Thursday, responding to concerns from Asian importers heavily reliant on the EU for their coverage. The decision, …

Guy Carp’s Moczarski Named Chairman of MarshMac Companies Int’l.

Marsh & McLennan Companies announced that Alexander Moczarski, currently President and CEO of Guy Carpenter, has assumed the additional role of Chairman, Marsh & McLennan Companies International. His new responsibilities include “oversight of the Company’s international strategy, as well as …

Ohio Tops Other States in Claims for Metal Theft

Ohio leads the nation in property insurance claims for the theft of copper and other metals, an industry-supported organization that fights insurance fraud says. The National Insurance Crime Bureau says Ohio property owners made 2,398 such claims during the three-year …

Calif. Commissioner Jones Gets ‘D’ From Insurance Industry

The insurance industry has mixed feelings about California Insurance Commissioner Dave Jones, assessing him as average or below average in a handful of categories. In a poll conducted by Insurance Journal, industry respondents gave Jones an overall grade of “D,” …

Pennsylvania Regulators’ Rate Review Authority Gets a Boost

The law giving the Pennsylvania Insurance Department authority to review and disapprove rate increases in the small group health insurance market took effect on Wednesday. The law, Act 134, was signed into law by Governor Tom Corbett late last year. …

R.I.-based Narragansett Bay Insurance Adds Property Claims Adjusters

Narragansett Bay Insurance Company, a Pawtucket, R.I.-based specialty underwriter offering homeowners insurance and services, appointed two new property claims adjusters. Kyle Yee comes from Nationwide Insurance, where he worked as property/casualty claims representative. He is a licensed auto damage appraiser …

Is That a Giant Commission Check on My Desk? NOPE…It’s Chuck Testa!

If you don’t know what the heck I’m writing about when I mention the name, feel free to laugh about it here: I bring this up because I feel like people need to have more FUN in their marketing efforts. …

COIN Board Named

Insurance Commissioner Dave Jones on Thursday announced his appointments to the California Organized Investment Network Advisory Board. COIN guides insurer capital into what the network feels is socially responsible, environmentally sustainable and community financial investments. COIN’s investment officers lead two …

HSB to Offer Equipment Breakdown, Data Breach Product

The Hartford Steam Boiler Inspection and Insurance Company (HSB), a part of Munich Re, has launched HSB Freestyle Advantage, an insurance product that combines equipment breakdown coverage with optional data compromise and identity recovery coverage. HSB’s Data Compromise and HSB …