Monthly Archives: <span>September 2017</span>

Unemployment Is Top Business Risk, Says WEF Survey, Published by Zurich, Marsh

Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday. The company executives put unemployment or underemployment as the top risk over the next 10 years, followed by fiscal …

BIG Announces “Biggie Award” Winners for Fall 2017

Independent Agents Association Honors Northern California Livermore, CA, September 21, 2017 – At the recent BIG Independent Group Minivention held at the Wente Vineyards in Livermore, CA, the independent agents and brokers association honored some of the insurance industry’s brightest …

Home in Orange County, Florida Partially Swallowed by Sinkhole

A Florida home has been partially swallowed up by a massive sinkhole. Orange County Fire Rescue spokeswoman Kat Kennedy says crews responded Tuesday morning, shortly after the Apopka house began sinking. She says the sinkhole measured about 20 feet across …

States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report

As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests many could find that …

AXA Continues Search for Fund Management Partner

AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion) of assets under management, sources familiar with the …

Allstate Would Consider Selling Private Flood Insurance If Federal Program Is Revamped

Allstate Corp.’s Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden taxpayers. Allstate, the second-largest U.S. homeowners’ insurer based on …

Insurers Oppose Latest Republican Obamacare Repeal Effort

Insurance-industry groups said Wednesday that they oppose a Republican proposal to repeal and replace the Affordable Care Act, joining health-care providers in asking Senators to reject the bill. America’s Health Insurance Plans and the Blue Cross Blue Shield Association said …

First Light Program Managers Acquires Piedmont Transportation Underwriters of North Carolina

Anthony L. Johnson, chief executive officer of First Light Program Managers, Inc. and James A. Butler, president of Piedmont Transportation Underwriters, Inc. of Winston-Salem, North Carolina announced an agreement for First Light Program Managers to acquire substantially all of Piedmont’s …

High Levels of Mold, Carbon Dioxide Close West Virginia High School

A West Virginia high school will close for the rest of the week after high levels of mold and carbon dioxide were found inside nearly a third of its buildings. News outlets report Capital High School in Charleston announced Monday …

Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings

Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will represent a substantial near-term earnings …