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

Lawyer for Defunct Nebraska Insurance Agency Fined $15K

A Nebraska judge has ordered a lawyer to pay $15,000 for filing frivolous motions in a long-running lawsuit dispute over a defunct insurance company’s assets. The case that dates back to 1998 is far from over because that lawyer, Bill …

Arizona Court Ruling on Marijuana DUI Issue Isn’t Retroactive

An Arizona court has ruled that a previous decision on driving under the influence of drugs doesn’t apply retroactively. A 2014 state Supreme Court decision said authorities can’t prosecute Arizona motorists for driving under the influence of marijuana unless the …

M5.8 And M5.5 Quakes Strike Off Oregon Coast, No Damage

Two sizeable earthquakes struck off the coast of Oregon on Monday but officials say no tsunamis were triggered. A magnitude 5.8 earthquake struck at 12:52 a.m. and a second quake measuring magnitude 5.5 hit at 4:46 a.m. Monday morning. Paul …

Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates

Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent’s largest economy. “We’d like to have more investments …

Swiss Re Names Knox Regional Sales Team Leader in West

Swiss Re Corporate Solutions has named Jennifer Knox to its North America regional sales team as senior vice president and sales leader of the West region. Knox will be based in Santa Ana, Calif. She is responsible for generating new …

The Hartford Signs Major League Baseball Contract

The Hartford and Major League Baseball (MLB) have agreed to a deal that will make The Hartford an “Official Sponsor of Major League Baseball” and the exclusive business insurance, homeowners insurance and employee benefits partner of MLB. The sponsorship includes …

Insurers Can Track Mileage with Policyholders’ Smartphones

Property/casualty insurance information company Verisk Insurance Solutions is teaming with technology firm Vehcon to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to …

Confie Seguros Acquires 2 Brokerages in New York

Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired two insurance brokerages in New York State, including its first location in New York City. Terms of the transactions were not …

Mobile Tech Provider Slipcase Gets $1.52 Million for Development

Slipcase.com (formerly My Slipcase) announced that it has received nearly £1 million ($1.524 million) in technology investment from putitout, a UK software provider. Slipcase was founded in 2012 to create a “central news and thought leadership distribution platform for the …

Drone Industry Development Backed by Plentiful Insurance Capacity: Marsh Report

The rapid development of the unmanned aerial systems (UAS/drone) industry is underpinned by the insurance market’s willingness to provide cover for the deployment of the fledging technology, said a report published by Marsh. Insurance capacity for UAS operations is plentiful …