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

NAMIC Honors SECURA’s Bykowski with Chairman’s Award

The National Association of Mutual Insurance Companies named John Bykowski, president and CEO of SECURA Insurance in Appleton, Wis., as the recipient of the 2013 Chairman’s Award during its 118th Annual Convention in Seattle. Bykowksi is a former NAMIC chairman …

Zimmer Named VP, Mergers and Acquisitions at Sentry Insurance

Michael V. Zimmer has been named vice president of mergers and acquisitions for Stevens Point, Wis.-based Sentry Insurance. Zimmer joined with Sentry in 2005, most recently serving as vice president – chief accounting officer. Zimmer’s insurance industry experience spans over …

TWFG Surpasses 300-Branch Mark with 24 New Offices

The Woodlands Financial Group’s TWFG Insurance Services division, based in The Woodlands Texas, has added another 24 offices to its roster of branches, bringing its total to 314. More than half of the 24 new branches opened in Texas. Seven …

Court Weighs Merits of Hold Placed on Florida PIP Reforms

Florida automobile insurers are hoping a court lifts an injunction that has blocked portions of the state’s 2012 no-fault law from taking effect. Florida’s First District Court of Appeals recently heard oral arguments in the case [McCarty v. First DCA …

ProAssurance Backing New Lloyd’s Syndicate

Birmingham, Alabama-based medical liability insurer ProAssurance Corp. will be the majority capital provider to the proposed new Syndicate 1729 at Lloyd’s of London. Its planned inception date is January 1, 2014. The company said Syndicate 1729 was granted approval in …

Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry

A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’ property and possessions, making it easier for the industry to …

Average Obamacare Premiums Will Be Lower Than Projected

By Julie Appleby and Phil Galewitz Kaiser Health News Staff Writers Just days before new online health insurance markets are set to open, the Obama administration Wednesday released a look at average premiums, saying rates in most states are lower …

BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages

Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday. The claim came at the start of the first case …

Aon Names Andersen, O’Connor CEOs of Key Units

Aon Plc, the world’s second-biggest insurance broker by market value, named Eric Andersen head of the Aon Benfield reinsurance operation and Mike O’Connor to lead the Aon Risk Solutions unit. Both will report to Steve McGill, group president of Aon …

Quiet Atlantic Storm Season Humbles Forecasters

The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. It’s been two weeks since the season’s statistical …