Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty insurer, including its subsidiary Yapı Kredi Emeklilik, the life …
A new study says medical claims costs in Delaware will increase by almost 30 percent for individual policies under President Obama’s health care reform plan. The report released Tuesday by the Society of Actuaries says medical claims costs in Delaware …
Hospitality Insurance Group — a Westborough, Mass.-based insurer offering insurance coverage for bars, restaurants, package stores and caterers — promoted Sandra Haley to senior vice president of underwriting and marketing.The company also announced the hiring of Stephanie Connon as vice …
The Hartford has enhanced its Construction Group capabilities by bring together its underwriting, claims management and loss control facilities and adding construction underwriters in key markets across the U.S. These enhancements are part of The Hartford’s focus on insuring midsize …
An Ohio woman was sentenced on multiple counts after agents with the Ohio Bureau of Workers’ Compensation (BWC) captured video of her running her own clothing store while receiving workers’ comp benefits for a prior workplace injury. Bernice D. Stephens …
The eastern Wisconsin city of Neenah is considering an ordinance that would require bartenders to show up for work sober – and ban them from drinking on the job. The ordinance would let police hold bartenders accountable if they fail …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co. (Columbia), Columbia, Mo., and its insurance subsidiaries. …
Connecticut’s governor says more than $250 million in federal assistance has been approved to help people and businesses affected by Superstorm Sandy. The aid was made available after President Barack Obama approved a disaster declaration for the state in the …
About 25 trees fell into the Assumption Parish, La., sinkhole and officials say a new crack formed Monday night in a well pad south of the lake-like slurry hole. The Advocate reports experts working for the state Office of Conservation …
A scheduled Oklahoma House committee vote on a Republican-backed plan to overhaul the state’s workers’ compensation system has been delayed to allow legislators more time to review the bill. The 260-page proposal would scrap Oklahoma’s judicial compensation system and replace …
