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

Prime Risk Partners in Atlanta Hires Schneider as CFO

Prime Risk Partners announced that Robert Schneider has joined the company as executive vice president and chief financial officer. The company, headquartered in Atlanta, is building a national insurance distribution Schneider has held senior financial executive roles, including CFO, at …

Ex-Allstate Exec Lacher Succeeds Southwell as Kemper President, CEO

Joseph P. Lacher Jr., 46, has joined Kemper Corp. as president, chief executive officer and a member of the Kemper board of directors. At the same time, Donald G. Southwell, who had previously announced his plans to retire, has relinquished …

Aging U.S. Nuclear Plants Pushing Limits of Life Expectancy

The U.S. is set to become the first nation to decide whether it’s safe to operate nuclear power plants for 80 years, twice as long as initially allowed. The majority of the nation’s 99 reactors have already received 20-year extensions …

AIG Reported Considering Sale of Blocks of Business to Narrow Focus

American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with the company’s planning. AIG is weighing the exit of some …

USI Names Peirce Employee Benefits Leader, Producer for Mountain Region

USI Insurance Services has named Robert Peirce employee benefits leader and producer for the Mountain region. Peirce is responsible for driving revenue growth as well as managing a book of prospects and clients for USI in Colorado, Wyoming, North Dakota …

Virginia Approves 3.4% Overall Increase in Workers’ Comp Loss Costs

The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs …

Missouri Hotel Closed after Legionnaires’ Bacteria Found

A hotel in northeast Missouri’s Hannibal is temporarily closed after health officials found evidence of the respiratory-related Legionnaires’ disease there. The Hannibal Courier-Post reports the Best Western in the Mississippi River city closed last week after state and federal health …

Reward Offered for Information on 86 Suspected Arsons in Louisiana

A $4,000 reward is available for information leading to the arrest of the person or persons responsible for setting 86 suspected arsons that occurred between Aug. 30 and Oct. 21 of this year. The Louisiana Department of Agriculture and Forestry, …

A.M. Best: Outlook Stable for Missouri Valley Mutual Insurance

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, S.D. The rating outlook …

Hamilton’s Lloyd’s Operation Appoints 2 Senior Underwriters

Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334, and the Lloyd’s operations of Hamilton Insurance Group, announced the appointment of two senior underwriters who will lead the syndicate’s planned product diversification. Stuart Quinlan has been appointed to the …