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

New Mexico Weather Creating Dangerous Wildfires Conditions

Authorities are warning that weather conditions across much of New Mexico are creating conditions ripe for dangerous wildfires. A red flag warning has been issued for portions of southern, central and eastern New Mexico due to strong winds and low …

Alliant Names Dobbs Vice President in Real Estate Group in California

Real estate specialist Mark Dobbs has joined Alliant Insurance Services as vice president within the company’s real estate group. Los Angeles, Calif.-based Dobbs will focus on organizations with portfolios spanning various product types. Dobbs’ background includes investment banking, real estate …

Capp Joins Answer Financial to Sign More Business Partners

Tom Capp has joined the senior management team for the online auto and home insurance agency Answer Financial. Capp, as senior vice president of Business Development, will be working to grow the company’s network of business partners. Capp worked with …

Split Supreme Court in Search of Birth Control Benefit Compromise

The U.S. Supreme Court called for additional briefing in a divisive clash over contraceptives and Obamacare, issuing an unusual order that suggests at least one justice may be eyeing a possible compromise. The order comes less than a week after …

Insurance Safety Institute Finds Most Headlights Not Bright Enough

The Toyota Prius v is the only midsize car out of 31 evaluated to earn a good rating in the Insurance Institute for Highway Safety’s first-ever headlight ratings. The best available headlights on 11 cars earn an acceptable rating, while …

AIG Executives’ Pay Trimmed for Missing Profit Goals

American International Group Inc., the insurer being pressured by activist investors to split up, cut short-term incentive pay for Chief Executive Officer Peter Hancock by 29 percent last year as he missed profit targets. The CEO received $2.5 million from …

U.S. Promises Rules for Makers of Driverless Cars Within Months

U.S. regulators are making progress and will begin issuing guidelines to help the introduction of self-driving car technology within the next few months, Transportation Secretary Anthony Foxx said. The rapidly developing technology promoted by companies such as Google, Tesla Motors …

AmWINS’ MGA Unicorn Names Nightingale as CEO, Cashen as Motor Fleet U/W

Charlotte, N.C.-based broker AmWINS Group Inc. announced the appointment of Darren Nightingale as chief executive officer of its London-based managing general agent, Unicorn Underwriting. Nightingale will be joined by Julian Cashen from Liberty Underwriting as class underwriter, motor fleet. Together …

Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability

Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries. All regulatory approvals have been received and the deal is expected to close on March 31, …

Insurance Claims from China’s Tianjin Port Blasts Rise to $3.5B: Swiss Re’s ‘sigma’

Insurance payouts from the chemical blasts at the Chinese Port of Tianjin last year could total up to $3.5 billion, reinsurer Swiss Re said on Wednesday, in what would be the largest ever man-made loss in Asia. The estimate of …