Monthly Archives: <span>March 2014</span>

Calling All Young Agents: Tell Us What You Think

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …

Private Crop Insurers Win As Taxpayers Lose in New Farm Program, Say Critics

U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new five-year farm bill last month. Farmers who sign up …

Ratings Roundup: Kazakhinstrakh, Seguros Inbursa, La Colonial, CIS

A.M. Best has affirmed the financial strength rating of ‘ B++’ (Good) and issuer credit rating of “bbb” of Kazakhstan’s Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC, both with stable outlooks. The ratings of Kazakhinstrakh “continue to …

MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue

Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast operating revenues by 2016 at €30 million [$41 …

South Africa Cleans Up After Rainstorms that Claimed 32 Lives

Municipalities in five of South Africa’s nine provinces are cleaning up after two weeks of stormy weather that claimed 32 lives and displaced thousands of people. Twenty-five people drowned, six were struck by lightning and one was crushed by a …

Call for Entries for 2014 IMCA Showcase™ Awards

Entries now being accepted for the insurance industry’s longest-running creative awards for marketing and communications professionals Minneapolis – March 17, 2014 – The Insurance Marketing & Communications Association℠ (IMCA) is pleased to announce a worldwide invitation for entries into the …

New York Regains Title As World’s Top Financial Center

New York replaced London as the world’s leading financial center for the first time, after the U.K. capital was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York holds the top …

United Fire Group Simplifies Name to UFG

Cedar Rapids, Iowa-based insurance company, United Fire Group has simplified its marketing name to UFG and has refreshed its logo to incorporate this change. This is the first significant marketing change the company has made in its more than 60-year …

USI Insurance Services Names Daigle President of Louisiana Operations

USI Insurance Services (USI) announced that Edward J. Daigle has been promoted to president of USI’s Louisiana practice. Daigle will be responsible for growing USI’s middle market brokerage practice in Louisiana and will be located at USI’s Houma, La., office. …

Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage

Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should be regulated in the same manner as other “for hire” auto …