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

China’s Fosun Aims to Lead in Insurance, Tourism, Healthcare; Plans to Cut Debt

Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo Guangchang said on Tuesday. In an exclusive interview …

Many Weed-Smoking Canadian Drivers Say They Can Drive Unimpaired: Insurers

Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability to drive safely, according to a …

Breckenridge Insurance Group Hires Insurance Finance Executive Angel Cruz

Atlanta, GA, May 18, 2016 — Breckenridge Insurance Group announced the hiring of insurance industry executive Angel Cruz as vice president of finance in their Atlanta-area offices. Cruz last held the position of director of financial reporting at Swett & …

Buckeye State Mutual Insurance Appoints Brooks as EVP, COO

Buckeye State Mutual Insurance Co. (BSMIC), headquartered in Piqua, Ohio, has appointed John Brooks executive vice president and chief operations officer (COO). Brooks joined Buckeye in August of 2001 as assistant vice president of Claims and was later appointed to …

Minnesota Workers’ Compensation: A No-Fault System

Workers’ compensation is a no-fault system in Minnesota: the employee does not need to prove negligence on the part of the employer to establish liability and the employer cannot use negligence on the part of the employee as a defense …

LIU Designs New Policy for Architects & Engineers With Data Breach Coverage

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched LIU Design and Data Insure, a new architects & engineers policy. The enhanced policy offers insurance and risk management services to help protect design firms from wrongful acts incurred …

Insurors of Tennessee Adds Small as Membership Specialist

Insurors of Tennessee has added Ellie Small to the Association staff as membership specialist. Small will manage the continuing education program, coordinate course registration and provide administrative support to the Insurors office. Small is a native of Evansville, Ind., and …

Florida Insurance Agent Sentenced to 7 Years for Insurance Fraud

The Florida Department of Financial Services, Division of Insurance Fraud, which operates under the direction of CFO Jeff Atwater, announced the conviction and sentencing of former Orlando insurance agent Mario Ferreri. Earlier this year, Ferreri faced trial on fraud charges …

South Carolina Governor Vetoes $40M Flood Aid Bill for Farmers

Gov. Nikki Haley vetoed a bill Monday that would send $40 million in aid to South Carolina farmers, saying farmers may complain loudly, but don’t need a bailout that isn’t being offered to all small businesses. The veto sets up …

Kansas Insurance Dept. Adds Chat Feature to Interact with Agents, Consumers

A new interactive online chat feature on the Kansas Insurance Department’s website gives consumers and insurance agents another way to gather insurance information easily, the department announced. “This new feature allows an online user to quickly gather information from our …