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

Alberta Wildfires Spread North, Threatening Oil Sands Facilities, Workers’ Camps

Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were evacuated from camps north of Fort …

Marsh Names Durant as Leader of Global Captive Solutions Practice

Marsh announced that Nick Durant will assume leadership of Marsh’s Global Captive Solutions Practice, effective July 1, 2016. In this role, Durant will have oversight of Marsh’s captive solutions business, which manages more than 1,250 captives worldwide. Durant will be …

Watsa’s Fairfax Plans to Buy Control of Indonesia Insurer’s Non-Life Unit: Sources

Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the matter said. The transaction would value the …

XL Catlin Enhances Professional Liability Insurance for Small A&E Firms

XL Catlin’s design professional insurance business has increased the limits of its smartADVANTAGE professional liability insurance policy and improved policy terms for architectural and engineering firms in the U.S. with annual fees of $2 million or less. The smartADVANTAGE policy …

Workers’ Compensation in Missouri: In the Middle of the Rate Pack

Missouri comes in at 21 for the highest workers’ compensation premium rates of the 50 U.S. states and the District of Columbia, just under Minnesota, according to the Missouri Department of Labor and Industrial Relations, Division of Workers’ Compensation. In …

Assurant to Offer Private Flood Insurance in Florida

Assurant, Inc. has launched Assurant Primary Flood Insurance for Florida customers. The new Assurant Primary Flood Insurance offers structural coverage up to $800,000 and up to $250,000 in contents coverage, at competitive rates that include no federal fees or surcharges. …

North Carolina Medical Board Investigating Prescription Drug Overdoses

The North Carolina Medical Board is investigating 60 doctors and physician assistants with patients who died of overdoses of prescription drugs. Medical board officials tell The Charlotte Observer that two or more patients being treated by each doctor took fatal …

Allstate Rate Hikes for Georgia Drivers Move Forward, For Now

Allstate can go ahead raise auto insurance rates for Georgia drivers later this month because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect, state regulators said. State Insurance …

Tennessee-Based Reliance Partners Promotes Chastain

Reliance Partners has promoted of Jordan Chastain to the position of senior director of Sales for the transportation division of the company. Chastain is a native of Gainesville, Ga., and a graduate of the University of Mississippi’s Risk Management and …

Maryland Commissioner Redmer Elected Chair of NAIC Northeast Zone

The National Association of Insurance Commissioners’ (NAIC) Northeast Zone has elected Maryland Insurance Commissioner, Al Redmer, Jr., as its new chair. Redmer succeeds Susan L. Donegan, the outgoing commissioner of the Vermont Department of Financial Regulation (DFR), who served as …