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

Alliant Reports ‘Significant’ Investment from Stone Point Capital

Specialty insurance brokerage Alliant Insurance Services announced what it termed “a significant equity investment” from funds managed by Stone Point Capital LLC. The Newport Beach, California-based broker, which is also backed by the investment manager Kohlberg Kravis Roberts & Co. …

Crop Insurance Payments for Drought More Than for Flooding

Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite causing damage that will likely cost billions of …

U.S. Warns of Dire Consequences If No Global Action on Climate Change

Labor productivity would dwindle as workers wilt in the heat. Summers in Illinois would feel like a Louisiana swamp. Epic downpours and surging seas of the future would leave $5 trillion in losses. And worsening air quality would result in …

Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting

Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the developed world in studying and …

Most Drivers Mum About Ridesharing, Although Many Agents Ask

Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls from a popular Forbes blogger known as The Rideshare Guy …

ACE Names Skoro as Head of Distribution, Sub-Saharan Africa

ACE Insurance South Africa announced that Milenko Skoro, head of sales and distribution A&H, has been promoted to the newly created role of head of distribution, Sub-Saharan Africa as the company continues to strengthen its insurance capabilities in the region. …

Canada Lays New Charges Against Railway in Lac-Megantic Derailment

The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed 47 people. The charges were laid Monday against the company and its president, Robert Grindrod, according to Zach Segal, a …

Revolution Group, Inc. Launches RevON® Licensing Manager

Real-time Agent & Producer licensing to the National Insurance Producer Registry – NIPR℠ from the leader in CRM Westerville, OH, June 23 2015—Revolution Group, a leading technology integration provider specializing in the property/casualty segment of the insurance industry, announced today …

4 Arrests Made in Florida Injury Clinic PIP Fraud

The Florida Division of Insurance Fraud has announced the arrest of Dr. Douglas Price, owner of the Florida Pain Trauma and Injury Clinic in Auburndale, Fla., and three others on charges related the operation of a complex PIP fraud scam. …

North Carolina Congressman’s Tree Falls on Postal Service Vehicle, Kills Worker

A postal worker is dead after her passing vehicle was crushed by a falling tree owned by a North Carolina congressman. Multiple media organizations reported the 43-year-old female mail carrier died June 20 when the large tree fell on her …