Monthly Archives: <span>May 2013</span>

AIG Sues Ex-U.Va. Lax Player Over Insurance Claim

A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc. over his refusal to answer questions from insurance investigators. In a court filing Monday, the company says George W. Huguely …

Oklahoma Commissioner: 4K Home, Auto Claims from Twisters So Far

More than 4,000 home and auto claims have been filed as a result of the recent spate of tornadoes in Oklahoma. That number is expected to rise, according to Oklahoma Insurance Commissioner John D. Doak. Doak has previously said that …

Brown & Brown to Acquire Insurance Broker Beecher Carlson

Florida-based national insurance agency Brown & Brown Inc. has agreed to acquire Beecher Carlson Holdings Inc., an insurance and risk management broker with operations that include retail brokerage, program management and captive management, from Austin Ventures, FSPM and a group …

$70M Reduction For Auto Club’s Southern California Drivers

California Insurance Commissioner Dave Jones and Robert Bouttier, CEO of the Automobile Club of Southern California, announced a rate reduction for Auto Club policyholders in California totaling $70 million. The reduction represents a decrease of 4.1 percent. It is effective …

PIA: Agencies See Significant Underwriting Changes in Homeowners Market

The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the shift. More than 400 …

Trident, McGowan Cos. to Offer Public Entity Coverage in Pennsylvania

Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., has formed an exclusive business relationship with The McGowan Cos. to offer access to its public entity insurance program in Pennsylvania. The public entity insurance program—underwritten by Trident …

Mills of Willis Joins AmWINS Workers’ Compensation Unit, American Equity

Andrea Mills has joined American Equity Underwriters (AEU) in Mobile, Alabama as senior vice president and director of Strategic Business Development. AEU is a division of wholesale broker AmWINS Group, based in Charlotte, North Carolina. AEU specializes in workers’ compensation …

PIAA Rebrands to Correspond with Current Role in MPL Field

The Physician Insurers Association of America (PIAA) has made changes to its organizational brand to support the Association’s role in the medical professional liability (MPL) community. They also reflect the impact that the changing landscape in the delivery of healthcare …

Michigan Democrats Lay Out Auto Insurance Bills

Detroit’s Democratic state House Caucus is laying out an effort to change Michigan’s auto insurance policies. The package of legislation was revealed during a news conference in Detroit. Republicans control the state Legislature. Under the proposal, insurance companies couldn’t use …

Reinsurance Group of America to Hire Hundreds in St. Louis Area

A St. Louis, Mo.-based insurance company has vowed to add at least 300 employees within five years. The Reinsurance Group of America discussed the hiring spree while breaking ground on a new, $140 million headquarters complex in suburban Chesterfield. RGA …