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

Allianz Profit Beats Estimates on Lower Claims, Life Unit

Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76 billion ($2.35 billion) from €1.59 billion [$2.13 billion] …

Catlin Group 1st Half Pre-Tax Profits up 118% at $318; Net Uncome$273 Million

The Bermuda-based Catlin Group Limited posted strong increases in pretax profits and net income. The Group’s report for the first half of 2014 featured the following highlights in what it described as “challenging market conditions:” – 118 percent increase in …

Insurance Noodle Launches Integrated Facility for Small Financial Services Firms

Insurance Noodle has launched an integrated facility for small financial firms across the United States, bringing together several markets via a single online access point. The Insurance Noodle proprietary technology platform simultaneously markets an account to all carriers and returns …

Oklahoma AG: Workers’ Comp Commission Broke Open Meeting Act

The commission that oversees Oklahoma’s system for compensating injured workers repeatedly violated the state’s Open Meeting Act, including when its members met privately with a potential vendor, an assistant attorney general said on Aug. 6. A review of the newly …

Kaprinay Named Workers’ Comp Practice Leader at IMPG in Illinois

St. Charles, Ill.-based Insurance Program Managers Group (IPMG) promoted Nathan Kaprinay practice leader of IPMG’s brokerage division for workers’ compensation. Kaprinay will coordinate marketing and production activities for workers’ compensation in all IPMG offices. He joined IPMG in 2007, and …

Uber, Lyft Given OK to Operate in Virginia

Virginia is allowing ridesharing companies Uber and Lyft to operate under a temporary agreement between the companies and the state, officials said Wednesday. The move follows letters from state officials in June telling the companies to cease its operations in …

N.J. Accelerates Disbursement of Federal Sandy Aid for Homeowners

New Jersey state officials say they have accelerated spending on housing programs from federal aid sent to New Jersey to rebuild after Superstorm Sandy amid improvements to a big program that got off to an uncertain start last year. In …

Florida State to Pay Premiums for ‘Loss of Value’ Coverage for QB Winston

Florida State University is reportedly planning to pay the premium for an insurance policy that could pay star quarterback Jameis Winston up to $10 million in the event an injury affects his future professional career. Winston was instrumental last year …

DelBuono Appointed VP of Product Management at CNA

Chicago-based property/casualty insurance organization, CNA Financial Corp., appointed Gary DelBuono vice president of product management, effective Aug. 11. DelBuono will oversee enterprise product development, partnering closely with underwriting in developing product solutions for CNA’s commercial and specialty lines. DelBuono brings …

Florida Firm Adding Jobs at Health Insurance Call Center in Texas

A Florida call center company plans to add about 400 jobs in Central Texas to assist people seeking federal health insurance coverage. C3/CustomerContactChannels currently employs about 600 workers in McGregor, near Waco. Officials with Plantation, Fla.-based C3 announced the additional …