Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson. According to The professional services company’s third-quarter update to its Commercial Lines Insurance …
When insurance agent Kelly Fristoe recently spent 30 minutes helping a client pick a mid-level health plan and the federal marketplace website froze, he called the government’s hotline and tried to finish the application. But the operator refused to credit …
A U.S. safety regulator’s hearing on the July 6 crash of an Asiana Airlines Inc. plane in San Francisco was postponed today due to the federal government’s weather-related closing. The day hearing will be rescheduled and may begin as soon …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
Former Rutgers University basketball forward Derrick Randall claimed in a lawsuit he was physically and psychologically abused by former coach Michael Rice, who was fired this year over his treatment of players. Randall’s lawsuit, filed Dec. 6 in federal court …
Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto parts company, hired JPMorgan Chase & Co. to review possible divestitures of assets. The insurer will consider spinoffs and sales of “portfolio company investments,” Jacksonville, …
Ironshore Canada Ltd., Ironshore’s Canadian MGA business based in Toronto, announced that Dane Hambrook has been appointed Managing Director, while Stephen Stewart has been named Managing Director of the Canadian Branch of Ironshore Insurance Ltd., also based in Toronto. They …
Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal. “We identified potential landing zones for the majority of key outstanding issues in the text,” U.S. Trade Representative Michael Froman …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
UK specialist and Lloyd’s broker Miller Insurance Services LLP announced the appointment of Kieran Angelini-Hurll to “help drive the expansion of its non-marine treaty reinsurance offering and international development in particular.” James Geffen, Head of Reinsurance, described Angelini-Hurll as a …
