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

World Insurance Associates Acquires John Cecchettini Agency in New Jersey

World Insurance Associates LLC, an independent insurance agency based in Tinton Falls, New Jersey, completed its acquisition of the John Cecchettini Agency of South Plainfield, New Jersey. Terms of the transaction were not disclosed. The John Cecchettini Agency is an …

The Hartford Names Sprague to Lead Personal Lines

The Hartford Financial Services Group has named Ray Sprague executive vice president, Personal Lines, effective immediately. Sprague will report to Doug Elliot, president of The Hartford. He is based in the company’s Hartford, Connecticut, headquarters.

New ISO Cyber Endorsements for Small, Medium Businesses Now Available

ISO’s new cyber insurance coverage options for small and midsize businesses became available March 1. The optional cyber endorsements are for use with the ISO Businessowners Program, a package policy used by insurers to provide broad property and liability coverage …

High Stakes in Today’s Supreme Court Case on Obamacare Subsidies

U.S. hospital companies and health insurers face the highest corporate stakes when the Supreme Court hears arguments Wednesday to decide the fate of Obamacare’s subsidies that help people buy health coverage. Since the law’s 2010 signing, shares of HCA Holdings …

Timothy Allen Joins American Claims Management Team

San Diego, CA, March 4, 2015 – National third party administrator, American Claims Management Inc. (ACM) announced that Timothy O. Allen joined its team as the vice president of property claims in January 2015. Allen brings more than 20 years …

MENA Insurance CEO Club Expands as Regional AIG, Zurich Heads Join

The MENA Insurance CEO Club (MICC), an exclusive industry group that supports the insurance industry in the region, announced that Michael Jensen, Managing Director, MENA with AIG and Brian Reilly, CEO of Zurich Insurance Middle East have joined the group …

Management Changes as XL and Catlin Gear-up for Deal Closure

Reports in London’s insurance trade press, led by the Insurance Insider, have detailed a number of prospective management changes to take place when XL’s acquisition of Catlin is finalized, probably before the end of the second quarter of 2015. Although …

Aon Risk Solutions Identifies 5 Big Geopolitical Risks for 2015

Critical events of early 2015 – cheap oil and Middle East violence – will probably continue to take their toll as the year goes on, according to a new projection of geopolitical hotspots. Lower overall prices for commodities may hurt …

Crop Insurance Guarantees to Drop: Analysts

Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday. The U.S. Department of Agriculture’s (USDA) Risk Management Agency …

China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law

China’s proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded amendments. China’s proposals, which would require tech firms to provide …