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

CSC Completes Acquisition of UK’s Xchanging

CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process services for the global insurance industry, significantly expanding CSC’s …

MAPFRE Appoints Tamayo as CEO of International; Castelo Named CEO of US Unit

Madrid-based MAPFRE S.A. has promoted Jaime Tamayo as CEO of the international territorial area. In his new responsibilities, Tamayo will oversee three regions at MAPFRE: the North America region; the EMEA region, comprising Europe, Middle East and Africa, and the …

Alberta Wildfire Could Become Canada’s Costliest Natural Catastrophe

A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources say. The bill for insurers is …

Tennessee Bill Allowing College Employees to be Armed Becomes Law

A bill allowing staff and faculty at Tennessee’s public colleges and universities to be armed on campus became law Monday without the Republican governor’s signature. Gov. Bill Haslam said in a statement that he disagreed with the bill for not …

Officials: 9 Tornadoes in Oklahoma, Arkansas Last Week

Meteorologists have identified tornado damage in Muskogee County nearly a week after a string of at least nine weak tornadoes across northeastern Oklahoma and Arkansas. The Tulsa World reports that the National Weather Service confirmed that a tornado touched down …

Kentucky Police Investigate Connection Between Home Burglaries, Fires

Kentucky State Police say they are investigating three house fires that occurred after the homes were burglarized. Police said in a statement that they think the cases are related and believe the blazes are the result of arson. The statement …

Up to 15,000 Policies Approved for Removal from Citizens by Florida

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance Corp. for the July 19, 2016 take-out period. The following company has been approved to participate: Southern Oak …

Oklahoma Workers’ Comp Overhaul Takes Another Hit

The Oklahoma Supreme Court dealt another blow to the state’s 2013 workers’ comp overhaul by finding unconstitutional a provision of the Oklahoma Administrative Workers’ Compensation Act pertaining to the deferral of permanent partial disability benefits. Several recent rulings have represented …

Texas Insurer Group Awards Scholarships to 27 Students

The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $32,000 in academic scholarships to 27 insurance and risk management students at six Texas universities. The students attend Huston-Tillotson University, Texas Southern University, the University of Texas …

Ironshore Appoints Nariño to Head Latin American Surety Lines Out of Miami

Ironshore Inc. announces that Adriana Nariño has joined as head of Surety for the Latin American Group, expanding capabilities for this specialty sector within the region. Narińo has more than 20 years’ experience in underwriting surety coverages for global insurance …