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

Lockton Brazil Appoints Neto as Deputy CEO

U.S. based Lockton Companies, the independent insurance broker, has appointed Guilherme Perondi Neto as deputy CEO of its Brazilian subsidiary, Lockton Brazil, effective Sept. 1, 2015. With extensive experience in the insurance market through various multinationals companies such as Veritas …

Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion

Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais ($3.6 billion) should an across-the-board market rout ease in …

Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA

Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at …

Two-Year Florida Insurance Fraud Investigation Leads to Multiple Arrests

The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) has made multiple arrests related to a large-scale personal injury protection (PIP) fraud scheme spanning across Central Florida. Five individuals have been arrested for their alleged various roles in …

Florida’s West Coast Facing Sinkhole Risk After Month of Wet Weather

The onslaught of rain that drenched parts of Florida over the past month unleashed widespread flooding that left the ground soppy and saturated. Geologists say that under all the water weight, another problem could be brewing out of sight: sinkholes. …

South Carolina DUI Campaign Going Through Labor Day

With the summer travel season winding down and with traffic deaths up across the state, South Carolina law enforcement agencies are gearing up their efforts to keep drunk drivers off the road. The Department of Public Safety says stepped-up enforcement …

Auto-Owners Insurance Acquires North-Carolina Based Atlantic Casualty

Strickland Insurance Group, Inc. has reached a definitive agreement for Atlantic Casualty Insurance Co., based in Goldsboro, N.C., to be acquired by Auto-Owners Insurance Group of Lansing, Mich. According to Bobby Strickland, chairman and CEO of Atlantic Casualty Insurance Co., …

Hudson Crop Launches Total Revenue Coverage

Hudson Insurance Co. has added Total Revenue Coverage (TRC) to Hudson Crop’s suite of private products. TRC is a supplemental insurance policy to multi-peril crop insurance (MPCI) that offers farmers a single, firm, crop revenue guarantee at the time of …

California Commissioner Applauds Supreme Court Decision Against Hartford

California Insurance Commissioner Dave Jones is praising a recent unanimous California Supreme Court decision that he said ensures policyholders are protected from insurers refusing to cover third-party liability claims when the insured transfers the insurance benefits after the events triggering …

How to Know What Insurance Customers Want

What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance providers have to understand not only when but …