January 5, 2015
Wyoming Gov. Matt Mead has selected Paul Thomas Glause as the new commissioner of the Wyoming Department of Insurance. Glause assumed the duties of commissioner on Jan. 3. The job is to regulate the insurance marketplace in Wyoming. Glause currently …
January 5, 2015
Two small earthquakes have struck north of Los Angeles, shaking parts of Ventura and Los Angeles counties, but officials say there have been no reports of injury or serious damage. The U.S. Geological Survey says a magnitude-4.2 quake hit Saturday …
January 5, 2015
A 4.9 magnitude earthquake in a remote Idaho county triggered rock slides that blocked some road lanes Saturday but did not cause any major damage or injuries. Hours later around midnight, quakes of magnitude 4.0 and 3.6 struck in the …
January 5, 2015
The current estimate of net asbestos losses for the U.S. property/casualty industry remains at $85 billion, with net environmental losses estimated at $42 billion, according to a new Best’s Special Report. According to the Best’s report titled “U.S. Insurers Continue …
January 5, 2015
Pedestrian deaths are at historic lows in New York City after a push by City Hall to make streets safer. According to the New York Times, there were 132 pedestrian deaths from traffic accidents in 2014, the lowest since the …
January 5, 2015
Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000, Global Indemnity’s U.S. division said it paid $114 million in cash to …
January 5, 2015
Rick Roberts of Ensign-Bickford Industries assumed the presidency of the risk management organization RIMS for the 2015 term on Jan. 1. Roberts is the director of Risk Management and Employee Benefits for Ensign-Bickford Industries Inc. He has been a member …
January 5, 2015
Global insurance broker Hub International Limited said it has acquired the assets of Smith Watson Parker Insurance, a Hollywood, Florida-based independent insurance brokerage. Terms of the acquisition were not disclosed. The broker said Smith Watson Parker will become part of …
January 5, 2015
Insurance and reinsurance broker JLT Specialty Insurance Services Inc., a U.S. subsidiary of Jardine Lloyd Thompson Group plc., announced the appointment of five additional specialists to its Houston-based energy risk team: William Helander, most recently senior vice president, Aon Wynne …
January 5, 2015
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has received an insurance license to carry on all classes of General Business in and from Hong Kong and has consequently filled several key positions in its newly established office. Recently appointed …