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

India PM Modi Plans Expansion of Farmer Insurance before India State Elections

Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter crop running from October to …

Zurich Insurance Considering Bid for UK’s RSA

Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …

West Virginia’s Historic Harpers Ferry Devastated by Fire

The commercial area in historic Harpers Ferry, W. Va., was devastated July 23 when a fire destroyed a building that housed at least a half dozen businesses, Mayor Gregory Vaughn said. He said a long building that extended from one …

Ex-Massey CEO’s Lawyers: Keep West Virginia Mine Blast Out of Criminal Trial

Attorneys for former Massey Energy CEO Don Blankenship want evidence about the 2010 explosion at the Upper Big Branch mine in West Virginia kept out of his criminal trial this fall. The Charleston Gazette-Mail reports the attorneys filed a motion …

South Carolina Requests Federal Evaluation on Day Care E.Coli Outbreak Response

South Carolina’s public health department has asked federal officials to evaluate both the agency’s response to an E. coli outbreak that killed one child at a Greenwood day care facility and its infectious disease programs overall. Department of Health and …

PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis

PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR SpA. “The liquidity, certainty and immediate premium …

Comprehensive Rating Platform Leads to MGA Successes

Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their TARGET Rater platform. CEO Kelly …

Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners

Ironshore Personal Lines is now offering a new umbrella program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Ironshore Personal Lines’ umbrella program …

Miami Agent Arrested for Stealing More than $80K from Clients

The Florida Department of Financial Services’ Division of Insurance Fraud has announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a licensed insurance agent, allegedly stole more than $80,000 …

Massachusetts Senate OKs Bill to Prep for Changing Environment

The Massachusetts Senate has approved a bill supporters say will help the state better adapt to a changing environment while encouraging the growth of solar energy. The bill, which passed the Senate July 23, would require the state to establish …