Monthly Archives: <span>February 2015</span>

Montana Bill Would Add Tree Wells As ‘Risk Of Skiing’

The Legislature is passing a bill that would include tree wells as one of the risks of skiing in Montana. Senate Bill 164 will go to Gov. Steve Bullock next for his consideration. Sponsored by Republican Sen. Brian Hoven of …

Woodruff-Sawyer Names Four New Partners From West

San Francisco, Calif.-based Woodruff-Sawyer & Co. has named four executives as partners: Kim Armanasco and Michelle Droz from the San Francisco office, Jared Pelissier of the Southern California office, and Brad Wagenaar in the firm’s Hawaii office/Risk Solutions Partners. Armanasco, …

Main Street America Promotes Kusch, Daly

The Main Street America Group has promoted Jeff Kusch from Western region president to senior vice president/head of field operations and Tiffany Daly to president of its Western region. Kusch has been the company’s Western Region president since 2012. He …

NICB to Boston-Area Homeowners: Beware of Insurance Scammers

The National Insurance Crime Bureau advised that as the Northeast continues to get pounded by storm after storm, there’s one more threat that Bostonians need to watch out for: shady contractors or “storm chasers” looking to make a fraudulent buck …

Penn. Mansion Fires Spark $20M in Payouts, Suicide, Fraud Case

She bought draperies flecked with Swarovski crystals. The ceiling mural at her “Gone with the Wind”-inspired mansion in Doylestown, Pennsylvania, featured her family in robes, gazing down from the heavens. And Claire Risoldi’s grand Republican fundraising soirees included the time …

Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues

Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained access to the world’s …

Court Rules BP Not Covered by Transocean’s $750M Insurance

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …

China’s Anbang Insurance to Recapitalize Vivat, Former SNS Reaal Unit

Anbang Insurance Group Co., which bought New York’s Waldorf Astoria Hotel, will increase the capital of Dutch insurer Vivat by as much as 1 billion euros ($1.14 billion) after agreeing to buy the company. Anbang, based in Beijing, won Dutch …

Probe of RSA’s Irish Division at ‘Advanced Stage’, Says Irish Central Bank

Ireland’s central bank said its probe into an accounting scandal at RSA Insurance Group plc’s Irish division is moving toward a conclusion and decisions on possible sanctions will be made once it’s completed. “An investigation into historical claims-reserving practices at …

Reports Show Insurers Lag Behind in Adopting Technology

At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are using developments such as telematics, or social …