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

Risk Accumulation Aggravated Zurich’s Tianjin Port Explosion Losses: Chairman

Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom de Swaan said. “There was accumulation of risk there, …

North Carolina Insurance Agent Charged with Embezzlement

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Jacob Christopher Mullins, 28, of Fremont; he is charged with one count each of embezzlement by an insurance agent, financial card fraud and obtaining property by false pretense. Department of …

Fiji’s Strongest-Ever Cyclone Flattens Entire Villages; Death Toll Rises

The death toll from the strongest tropical cyclone ever to hit Fiji climbed to at least 20 as aerial surveillance of affected areas showed entire villages were obliterated as the Category-5 storm roared across the South Pacific nation at the …

NORCAL Mutual to Expand Med Mal Coverage to 5 Additional States

NORCAL Mutual Insurance Company, a nationwide medical professional liability insurance companies, will begin offering coverage this month to physicians in Florida, Georgia, Oklahoma and South Carolina. NORCAL will begin offering coverage in Indiana beginning in March. These five states are …

Nashville Police Remind Citizens Not to Help Thieves Steal Cars

Nashville Police say some citizens are unwittingly helping car thieves steal their vehicles. Police say a review of reports of vehicles stolen from the week of Jan. 31 to Feb. 6 showed that 68 percent of the automobiles were easy …

Mid-Month Storms Caused 4 Twisters in Alabama

The National Weather Service says four tornadoes touched down throughout south Alabama when severe storms hit the state Feb. 16. Officials say damage surveys after the storms showed that tornadoes ranging between EF0 and EF1 in strength touched down in …

Capital Adequacy Is Key Strength of Reinsurers in Difficult Market: S&P

Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor’s Ratings Services, despite the many competitive pressures it …

Gig Economy Now 6.5% of U.S. Workforce; Provides Extra Income for 10 Million

It’s a job market revolution: an estimated 10.3 million Americans earned income through web-based platforms like Uber and Airbnb between 2012 and 2015. That’s more people than reside in the entire state of Georgia and amounts to 6.5 percent of …

USI Insurance Services Acquires Florida-Based Best Insurance

USI Insurance Services has acquired Best Insurance, located in Tamarac, Fla. Best Insurance offers a range of personal insurance products, including homeowners, automobile, motorcycle, boat and watercraft, to customers in Florida, Georgia, North Carolina and South Carolina. Terms of the …

How to Attract and Retain Great Employees

Today, successful high-performing businesses are developing creative programs to guide employees to focus on improving business performance and rewarding them for their contributions. The long-term winners will be companies that provide a flexible and challenging work environment, along with employee …