Verisk Analytics Inc., the supplier of data to insurers and banks, agreed to buy EagleView Technology Corp. for $650 million in cash, adding an image library that encompasses about 90 percent of U.S. structures. The deal will allow Verisk to …
The $1.1 trillion government funding agreement unveiled by Congressional negotiators on Monday includes language to postpone for about eight months some of the flood insurance rate hikes triggered by reforms passed in 2012. But the budget language does not go …
A key part to California’s sweeping workers’ compensation reform is working, according to a new study and the people running the system. More than 95 percent of workers’ comp medical treatment requests are approved following the utilization review and independent …
BevCap Management has announced the formation of BevCap Sponsored Captive Insurance Inc., domiciled in Hawaii. BevCap Sponsored Captive Insurance Inc. is a cell captive, with its first cell being BevCap Health, a heterogeneous group captive. BevCap Health is a self-funded …
Boca Raton, Florida-based Century Risk Advisors (CRA), has hired insurance industry veteran Katherine Turk as vice president/private client manager of the company’s Private Client Division. Turk brings 35 years of risk management and insurance experience. She will be responsible for …
Mountain West Benefits will become part of the Leavitt Group in an affiliation that also includes the Leavitt Group’s two Montana agencies, Taylor-Leavitt Insurance Agency of Billings, and Northern Montana Insurance Services of Choteau. The new entity will be called …
The Leavitt Group’s Tacoma, Wash. office has expanded services by bringing on three employee benefits professionals. Jon Montgomery, senior executive vice president of benefits, will lead the new employee benefits division with Rick Rosaaen and Patty Rice. Montgomery started in …
Pioneer Underwriters announced the launch of their Lloyd’s Sub Syndicate 1980 in conjunction with Liberty Syndicate 4472. Syndicate 1980 began writing business on the first of January 2014, and will have a capacity of £70 million [$115 million] in its …
In its latest report Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, noted that the fourth quarter of 2014 continued to see more Insurance-Linked Securities [ILS]. Eight catastrophe bonds closed during the …
Safety National Casualty Corp., based in St. Louis, Mo., has announced management changes and realignment of responsibilities that are scheduled to take effect on March 1, 2014. Chief Executive Officer Mark Wilhelm will remain in his current position, maintaining overall …
