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

Archdiocese In Washington Says Data Breach May Lead To Fraud

The Catholic Archdiocese of Seattle says some employees and volunteers may be victims of national tax refund fraud because of a data breach. The Seattle Times reported that the archdiocese posted a notice about the problem Monday on its website. …

Genstar Capital in Northern California Creates Earthquake Insurance Platform

Mid-market private equity firm Genstar Capital Management LLC has partnered with an insurance industry veteran to create a new platform company, Palomar Insurance Holdings, which will initially serve as a provider of commercial and residential earthquake insurance. Concurrent with the …

Alternative Capital Softening P&C Reinsurance Market: Towers Watson CFO Survey

A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer than the primary market, while more than one-third (34 percent) deem …

XL, American Specialty Insurance & Risk Partner for Sports, Entertainment Programs

XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment industries. According to Quinnon “Pete” Purvis, President of XL Group’s North America …

N.Y. Health Exchange Reports 591,000 New Yorkers Now Enrolled

New York State’s new health exchange reports more than 908,000 New Yorkers have completed applications for insurance while more than 591,000 of them have now enrolled for specific coverage. The state’s health department says enrollment for individual and family coverage …

West Virginia Pipeline Blast in 2012 Blamed on Corrosion

Severe corrosion caused a 2012 natural gas pipeline rupture and explosion in West Virginia that destroyed three houses and cooked a stretch of Interstate 77, and the incident likely could have been prevented if the pipeline had been inspected or …

Ironshore Forms Executive Leadership Committee to Drive Growth Strategy

Specialty insurer Ironshore Inc. said it has formed a Group Executive Leadership Committee to formulate the firm’s strategy for continued growth and enhanced performance of its group of companies globally. The Executive Leadership Committee will address the short and longer-term …

North Carolina Claimant Extradited from Florida on Insurance Fraud Charges

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Stacy Lasondo Jackson of Jacksonville, Fla.. She has been charged with 10 counts each of insurance fraud and obtaining property by false pretense. Department of Insurance criminal investigators allege that …

USG Insurance Services Hires Finkelstein as Producer/Broker in N.Y.

USG Insurance Services Inc., a Tampa, Fla.-based national wholesaler and managing general agent, announced the expansion of their Staten Island, N.Y., operations with the addition of Eric Finkelstein as a producer/broker.Finkelstein most recently held the position of program administrator at …

Affordable Care Enrollment Hits 4.2 Million As Deadline Nears

President Barack Obama appealed to uninsured Americans to sign up for medical coverage before a March 31 deadline while his administration said 4.2 million people had enrolled in health plans through February. Youth enrollment continued to expand, with 1.1 million …