Monthly Archives: <span>February 2016</span>

Allianz Puts South Korean Life Insurance Unit on Block: Sources

Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter said. The South Korean asset is …

Jason Clark Promoted To Assistant VP

Plano, TX, February 24, 2016- WSS is pleased to announce that Jason Clark has been promoted to Assistant Vice President of the Bar & Tavern Program. In this new role Jason will be responsible for overall growth and profitability of …

Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units

Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe, sources familiar with the matter said. The Swiss insurer has discussed the plan with several investment banks but has …

Tennessee Reports Fire Death Rate Reached New Low In 2015

The Tennessee State Fire Marshal (SFMO) reports that for the second consecutive year, Tennessee fire deaths decreased to a new state-record low while the number of lives saved by smoke alarms installed by the state’s fire departments continues to climb. …

A.M. Best Upgrades Issuer Credit Rating of Florida-Based Seven Seas Insurance Co.

A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of Seven Seas Insurance Company, Inc. (Riviera Beach, Fla). The outlook for the ICR has been revised …

$50M Suit Challenges Florida’s Suspension of Driver’s Licenses in DUI Cases

A federal lawsuit is challenging the way driver’s licenses are automatically taken away from drunken-driving suspects in Florida. The class-action lawsuit filed Feb. 17 in federal court in Orlando says the current process denies DUI suspects the right to due …

Lawsuit Filed Over Death of Former Jackson, Mississippi Mayor

A wrongful death lawsuit has been filed against St. Dominic Hospital and two doctors who treated the late Jackson Mayor Chokwe Lumumba (SHOW’-kway Lu-MOOM’-bah). The Clarion-Ledger reports at 9 a.m. on Feb. 25, 2014 Lumumba checked into St. Dominic’s emergency …

Insurance Industry Analyzes Google’s Failed Online Insurance Experiment

The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto insurance online. Many believe that …

Lockton in California Adds Betterly to Employee Benefits Team

Lockton Pacific has named Suzy R. Betterly as a vice president, and consultant in in San Diego, Calif. She will be responsible for delivering solutions to clients’ benefits programs. Betterly has more than 17 years of experience in in data …

California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums

Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance detectives and booked …