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

Keystone Insurers Group Adds Georgia’s Moore Insurance Agency

Keystone Insurers Group has added Perry, Georgia-based Moore Insurance Agency as its 18th franchise partner in the state. The announcement was made by Moore Insurance Agency President Mike Moore and Keystone’s Georgia Vice President Kaye Garruto. Established by Herbert Moore …

Can Prop 103 Handle Driverless Cars?

Earlier this year, Google announced the introduction of a completely driverless car. On this blog, Eli Lehrer took time to discuss the insurance implications of such a development. Among other things, he posited that, as drivers become less involved in …

Global Atlantic Announces Retirement of Ariel Holdings Co-CEO Milligan

Bermuda-based Global Atlantic Financial Group Limited announced that Tom Milligan, Co-CEO of its Ariel Holdings Limited subsidiary, will retire upon the closing of the planned sale of Ariel Re companies to Brazil’s Banco BTG Pactual S.A. Tom Hulst, currently Co-CEO …

IPCC Sends Draft Synthesis Report to Governments for Comments

The Intergovernmental Panel on Climate Change (IPCC) announced that the authors have “finished drafting the Synthesis Report of the Fifth Assessment Report (AR5) and sent the draft to governments for comments on the text.” The IPCC noted that this is …

Hurricane Cristobal to Pass North of Bermuda; No Threat to U.S.

The most recent report from the National Hurricane Center in Miami, at 5:00 A.M. EDT, notes that Cristobal is now hurricane strength with maximum sustained winds of 80 mph – 130 km/h, and “some strengthening is possible during the next …

Pacific Hurricane Marie Weakens to Category 1 Storm; No Warnings in Place: NHC

The most recent report from the National Hurricane Center in Miami, at 8:00 P.M. PDT, indicates that Hurricane Marie is “gradually weakening over colder water.” The storm, located around 1190 kms [740 miles] west of the southern tip of Baja …

Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion

According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry covered $21 billion of these losses, down …

QBE Wins Time for Cleanup as Plan Reduces Risk: Australia Credit

QBE Insurance Group Ltd.’s John Neal is shoring up the insurer’s balance sheet by selling shares and assets. He still has work to do convincing bond investors that business is improving after three profit warnings in two years. QBE debt …

German Insurers Weigh Funding to Plug Merkel Infrastructure Gap

Germany’s insurers said they may back a government call to invest in infrastructure to help cover an annual €7 billion ($9.23 billion) taxpayer shortfall to repair roads and bridges. The GDV, the Berlin-based group that represents insurers including Allianz SE, …

American Technologies, Inc. Adds Terry Hunt as Vice President of Sales and Marketing

Orange, CA, 8/27/14 – American Technologies, Inc. is proud to announce that Terry Hunt has been hired as the Vice President of Sales and Marketing. In addition to his sales and marketing duties he will become an integral member of …