Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes 729 agencies and 500 employees servicing 1.5 …
The Insurance Fraud Enforcement Department (IFED) will continue to play a key role in tackling insurance fraud after members of the Association of British Insurers (ABI) committed to invest £11.7 million [$19.423 million] over the next three years. The ABI …
A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in litigation stemming from the …
Bob Dean, former president and CEO of Houston-based Dean & Draper Insurance Agency LP, has received a posthumous award for his unparalleled service through the years. The Independent Insurance Agents of Houston (IIAH) honored the late Bob Dean with the …
An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average. The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average homeowners premium and the 10th lowest …
Fremont Insurance, a Michigan-exclusive property/casualty insurance carrier with headquarters in Fremont, has hired Rich Fasi as vice president of marketing and sales. Experienced in marketing, product management and underwriting, Fasi brings more than 28 years of insurance industry experience to …
Los Angeles, Calif.-based Velocify has named Stuart Ganis as director of insurance vertical. Ganis will lead the company’s initiatives in the insurance industry and work with the product development team to deliver offerings designed for insurance organizations. Ganis has been …
Newport Beach, Calif.-based Mariners General Insurance Group has expanded into Northern California with the addition of Carolyn Pounds, based in Alameda. Pounds has more than 20 years of experience in the marine insurance. Mariners provides insurance for boats, yachts and …
A resident of New Orleans, La., is awaiting sentencing after pleading guilty to multiple arson-for-insurance fraud schemes Anthony R. Thomas had been charged with multiple criminal counts for his involvement in a 2007 scheme to burn his rental property for …
An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy, worth $201 million. The man who cobbled the deal together said that it took seven months and 19 insurance companies to put together a deal that …
