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

Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale

Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we are not running a sale …

Survey of Global Executives Reveals Business Threat of Poor Risk Oversight

Businesses are putting themselves in danger by neglecting or avoiding formal risk management processes, according to a new study by the Enterprise Risk Management Initiative at North Carolina State University on behalf of the London-based Chartered Institute of Management Accountants …

Ireland’s FBD Reports H1 Loss of $97.7M, Versus Profit of $6.8M in 2014

FBD Holdings plc fell to a five-year low after Ireland’s only publicly traded insurer posted one of its biggest first-half losses on record and said it’s unlikely to be profitable until the end of 2016. The company will sell as …

Revised Kentucky Accident Victim Solicitation Law Under Fire, Again

A Kentucky law revision limiting the solicitation of accident victims within 30 days of a crash has gone into effect but is already being challenged in the state by multiple chiropractic groups that say the law is unconstitutional. The Kentucky …

Ping An to Boost Overseas Investments as China’s Economy Slows

Ping An Insurance (Group) Co., China’s second-largest insurer, is boosting overseas assets as the nation’s slowing economy and falling interest rates make it difficult to find investments with attractive returns at home. The company has about 16 billion yuan ($2.5 …

Insurance Policy Led by Catlin, XL Gives Cash Boost to German Soccer Team

A rare insurance deal gave Borussia Dortmund, Germany’s only publicly traded soccer club, a financial boost even as the team had its worst performance in the Bundesliga championship in seven years. Dortmund finished seventh in the league, failing to qualify …

Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance

Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on July 28, Zurich has until Tuesday …

Builders & Tradesmen’s Insurance to Offer Free Fraud Protection in CA

Rocklin, CA, August 24 2015-Builders & Tradesmen’s Insurance Services, Inc. (BTIS) will be offering Fraud Protection at no extra charge to purchasers of their Victory Admitted Contractor General Liability policy to all California-based contractors. The individual purchasing General Liability policy …

Study: Kentucky’s Medicaid Population Centered in Impoverished East Region

A new review by a nonprofit health organization shows that the largest share of Kentucky’s Medicaid population lives in the impoverished eastern portion of the state. The Foundation for a Healthy Kentucky has embarked on a three-year study of how …

Tennessee Teen Says Siri Called Emergency Dispatchers and Saved His Life

A Middle Tennessee teen is alive, thanks to Siri. Eighteen-year-old Sam Ray of Waterhill, Tennessee, says the voice recognition service on his iPhone — famously named Siri — called emergency dispatchers after his truck fell on him while he tried …