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

Illinois-Based The Insurance House Adds Edwards

The Insurance House, located in Marion, Ill., has hired Meagan Edwards as a customer service representative. Edwards has been a licensed insurance agent for nearly 10 years. Founded in 1936, The Insurance House handles a variety of insurance products including …

Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies

The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and cyber exposures. The coverage is designed …

Numerous Tornadoes Strike Southeast, Damage More Than 90 Homes

The National Weather Service says at least four tornadoes struck rural areas of western Alabama on Tuesday. NWS reports four tornadoes also touched down Tuesday in eastern Mississippi. Officials say an EF2 tornado struck the McMullen community in Pickens County, …

Viewpoint: Tremendous Opportunity for N.Y.’s Department of Financial Services

The New York State Senate will be considering Governor Andrew Cuomo’s nominee Maria Vullo for the position of financial services superintendent. This nomination is only the start of a wave of potential change at the Department of Financial Services (DFS) …

New Jersey Manufacturers Insurance Co. Ratings Downgraded a Notch

New Jersey Manufacturers Insurance Company’s stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The workers’ compensation and commercial auto insurer now has a financial strength rating of …

12.7 Million Sign Up for Coverage on Health Insurance Exchanges: HHS

About 12.7 million Americans signed up for 2016 health insurance coverage through the government insurance exchanges, surpassing its expectations, U.S. Health and Human Services Secretary Sylvia Burwell said on Thursday. The government began offering subsidies for individual insurance in 2014 …

Ironshore Promotes Shapiro to Head Public Entity Practice

Ironshore Inc.’s Specialty Casualty unit has named Merle E. Shapiro to the position of product line manager for Public Entity lines. She will be responsible for expanding Ironshore’s Public Entity practice and building upon its platform of serving municipal and …

UK’s RSA Forms Partnership with Wipro to Provide IT Infrastructure

UK-based RSA announced a new, seven-year partnership with Wipro Ltd. to deliver its IT infrastructure requirements across the UK, Ireland and Scandinavia. Bangalore, India-headquartered Wirpo, a global information technology, consulting and business process services company, will provide infrastructure for mainframe, …

P/C Commercial Rates Fell 4% in January

Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of MarketScout. “Commercial property insurers are getting ready …

Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year

London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for the prior year …