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

Main Street America to Offer Surety, Fidelity Bonds in Louisiana

The Main Street America Group announced it has received regulatory approval from the Louisiana Department of Insurance to write commercial surety and fidelity bonds in the state. The business will be underwritten through the super-regional carrier’s NGM Insurance Co. This …

McIntyre Joins Alliant in Southern California

Alliant Insurance Services has named Patrick McIntyre the Alliant Americas division first vice president within the Sacramento, Calif. office. McIntyre will be responsible for the delivery of property/casualty and workers’ compensation programs to middle market companies. McIntyre has more than …

Wet Weather Helps in Battling Massive California Wildfire

Cooler, wetter weather helped crews make inroads Monday against a massive Northern California wildfire that tore through two dozen homes, threatened thousands more and forced 12,000 people to flee the flames. The largest blaze in drought-stricken California roughly tripled in …

Cooler Conditions Help Firefighters Battle Southwest Oregon Wildfire

Clouds and the end of triple-digit heat helped firefighters battling the Stouts wildfire in southwest Oregon. Fire spokesman Dave Wells says the blaze is only 3 percent contained, but crews made good progress on the fire lines and some evacuated …

Las Vegas-Area Water Park Sued Over Boy’s Injuries

The parents of a 6-year-old boy who was pulled from a wave pool at a Las Vegas-area water park have filed a lawsuit claiming that the boy now has severe neurological impairments. The lawsuit filed Tuesday in Clark County District …

AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb

American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily due to ongoing liability management …

Uber Driver Case Tests ‘Sharing Economy’ Business Model

The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle comes Thursday in …

Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture

Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their business, a report from consulting …

Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk

Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief financial officer of Chaucer Holdings plc and managing director …

Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.

Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New Zealand, and appointed Dimitry Zilberud, Head of Marine, and Mark Dixon, …