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

Wildfire in 2015: What to Expect?

The past two years did not result in the amount of wildfire activity that many wildfire scientists, foresters and fire responders had expected. Looking back, the 2013 season had the earmarks of a bad year, with the continued U.S. drought …

Roger Clemens’ Insurer AIG to Pay for Settlement Reached in Defamation Suit

A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said Wednesday after meeting with …

PIACT Elects New Officers for 2015-16 Administrative Year

The Professional Insurance Agents of Connecticut Inc. (PIACT) elected officers during the association’s annual convention, held on March 12 at the Foxwoods Resort Casino in Mashantucket, Conn. Following are the new officers who will lead PIACT in 2015-16:

Former Cigna VP Wade Selected to Lead Connecticut Insurance Department

Connecticut Governor Dannel P. Malloy today announced that he is nominating Katharine L. Wade to serve as commissioner of the Connecticut Insurance Department. Wade succeeds Thomas B. Leonardi who stepped down from the post to join New York investment banking …

Yellow Taxis Now Outnumbered by Uber Cars on NYC Streets

New York City’s storied yellow cabs are taking a back seat to black cars. Uber cars, often black sedans that can be summoned with smartphone apps, now outnumber the yellow taxis that city riders have hailed with a whistle and …

ACE, Blackrock Seek Up to $1.3 Billion for Bermuda Reinsurance Venture

BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR Reinsurance Capital Holdings Ltd. and is based in …

IICF Club100 in Hollywood Recognized Insurance Pros for Charity

The Insurance Industry Charitable Foundation’s Club100 event at the Avalon Hollywood in Hollywood, Calif. on Thursday night drew more than 200 industry professionals to help raise funds for charity. The annual IICF event recognized Frank Robitaille, executive vice president of …

New York’s SterlingRisk Hires Krush as New CFO

SterlingRisk, an insurance brokerage based in Woodbury, New York, has hired Joanne Krush as chief financial officer of the firm. Krush is based in SterlingRisk’s Woodbury headquarters. She succeeds Mark Landisman who recently left the post.

New York DFS Opens Inquiry Into Price Optimization

The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating in the state, seeking information concerning price optimization. New York joins a growing number of states around the country that …

Wells Fargo Insurance Names Meuse to Lead National Cross-Sell Team

Wells Fargo Insurance, part of Wells Fargo & Co. has appointed industry veteran Kristine Meuse to lead cross-sell efforts for its insurance brokerage and consulting (IBC) division. She is based in Dallas. Meuse will work closely with Wells Fargo’s corporate …