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

India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz

As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group Inc. is predicting a …

London Imports Climate-Related Risks Through Insurers, Supply Chains

London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than half of FTSE 100 companies and 60 …

Willis Partners with HITRUST to Address the Healthcare Industry’s Cyber Exposures

The Health Information Trust Alliance (HITRUST), an organization supporting the healthcare industry in advancing the state of information protection, has partnered with Willis North America to identify a common approach and develop products to better align insurance premiums with cyber …

A.M. Best Special Report: Florida Property Insurers Remain Untested

The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)—the state-run property insurance company—continues to depopulate and move policyholders to the private market, which has increasingly seen the emergence of newly formed, …

North Carolina Settles Inmate Death Lawsuit for $2.5M

The North Carolina Department of Public Safety says its Division of Adult Correction has reached a $2.5 million settlement with the estate of a man with mental illness who died of thirst after being held in solitary confinement for 35 …

Crawford Names Daniel VP of U.S. Property & Casualty Client Development

Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for the company. Daniel reports to Larry Thomas, CEO, U.S. …

Conn. Court Overturns $35M Verdict in Hartford’s Auto-Repair Labor Rate Case

The Connecticut Supreme Court on July 13 unanimously overturned nearly $35 million in damages against the Hartford Fire Insurance Company. In its 18-page decision, the Supreme Court said the lower court had incorrectly concluded that the Hartford Fire violated the …

XL Catlin Hires Bull as Client Distribution Leader for Northeast Region

XL Catlin hired Kevin Bull as Northeast region client distribution leader for its Distribution & Network team in New York. He will report to June Dwyer, senior vice president, Northeast regional leader. In his new role, Bull will work with …

Maryland Issues Clarification on Commission Sharing for Producers

The Maryland Insurance Administration (MIA) recently issued a bulletin explaining that, in exchange for a referral of an insurance applicant, an insurer or its appointed producer may provide a referral fee, commission split, or other valuable considerations to a licensed …

New York Grants Provisional Charter for Museum on Climate Change

The plan for a museum in New York City that would focus on climate and climate change, with exhibits that could relate to health, social justice and rain-delayed baseball games, moved a step forward Monday, officials said. The state Board …