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

Florida AG Finds Way to Fund Drug Database to Fight ‘Pill Mills’

Florida Attorney General Pam Bondi is keeping the state’s prescription drug database up and running after state legislators decided against funding it. The Florida Legislature did not set aside any money for the nearly three year old program during the …

ACE Group Appoints Heard Sr. VP – Latin American Personal and Business

The ACE Group announced the appointment of David Heard as Senior Vice President, Personal and Business Insurance, for the company’s Latin America region. He takes over responsibility for all personal lines and small commercial business in the region. Heard joins …

Aon Benfield’s Impact Forecasting Highlights U.S. Losses in April Cat Report

Aon Benfield’s Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report, Highlights the “multi-day outbreak of severe weather and flash flooding in the U.S.”, which, the report said, would “likely be the first billion-dollar economic loss event of …

Strong Euro Decreases Munich Re’s Q1 Net Profit, Premium Income

The world’s largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income. “Despite negative currency effects, we almost matched the outstanding result of the first …

RSA Insurance Reports 15% Drop in Q1 Premiums amid Asset Sales

The RSA Insurance Group Plc reported a 15 percent decline in revenue for the first quarter after the U.K.’s biggest non-life insurer by market value sold assets to bolster its balance sheet. Net written premiums, a measure of sales, fell …

Lloyd’s Report Says Climate Change Should Be a Constant Consideration

“Climate change is real and we need to factor it into all future catastrophe modelling” – that’s the conclusion of a new report published today by Lloyd’s. The report: ‘Catastrophe Modelling and Climate Change’, states that “with the existence of …

April’s Storms in U.S. Take Toll on Economy, Insurance

April’s outbreak of severe weather and flash flooding in the U.S. will likely be the first billion-dollar economic loss event of 2014 attributed to convective thunderstorms, according to a report by Aon Benfield’s catastrophe model center, Impact Forecasting. At least …

Revolution Group, Inc. Launches RevON® Insurance eForms on Salesforce1 AppExchange, the World’s Leading Business Apps Marketplace

Insurance professionals will save time and ensure accuracy with pre-filled ACORD forms Westerville, Ohio – May 8, 2014 – Revolution Group, a leading technology integration provider specializing in the property/casualty segment of the insurance industry, announced today that it has …

Catalina Holdings’ Glacier Re to Handle Delta Lloyd’s Legacy Marine Liabilities

Catalina Holdings (Bermuda) Ltd. has announced that it has signed a definitive agreement with Delta Lloyd Group under which a portfolio of marine insurance liabilities in run-off will be reinsured by Catalina’s wholly owned Swiss subsidiary, Glacier Reinsurance AG, subject …

Texas Regulators Name McWhorter Fraud Unit Employee of the Year

Lt. Donald McWhorter is the 2014 Texas Department of Insurance (TDI) Fraud Unit Employee of the Year. McWhorter was recognized for his successful career in law enforcement and fraud investigation during the 16th Annual TDI Fraud Conference held at the …