Monthly Archives: <span>January 2018</span>

ACORD Names Maine’s The MEMIC Group Top Workers’ Comp Company in U.S.

The MEMIC Group, a Portland, Maine-headquartered workers’ compensation carrier, has been ranked the top workers’ compensation company in the U.S. by the Association for Cooperative Operations Research and Development (ACORD), the global standards-setting body for the insurance industry. In a …

RSA Taps Swiss Re’s Buckle to Lead Global Risk Solutions; Gibbs Promoted to Head Commercial Risk Solutions

RSA’s UK & International business has appointed Tony Buckle and Rob Gibbs as managing directors of Global Risk Solutions (GRS) and Commercial Risk Solutions (CRS), respectively. Tony Buckle will join RSA on Feb. 1, 2018 to head up GRS, which …

Italy’s Billionaire Benetton Family Plans to Boost Stake in Generali, Say Sources

Italy’s billionaire Benetton family plans to boost its stake in Assicurazioni Generali SpA, the country’s biggest insurer, to as much as 2 percent as part of a strategy to increase investments in the financial industry, according to people familiar with …

Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources

SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a …

Atlas General Insurance Services Continues to Expand Commercial Footprint

San Diego, CA, January 25, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today that they are now working with over 50 carrier partners. Atlas, originally founded as a workers’ compensation program administrator, has …

West Virginia to Get $153K in Drugmaker Settlement

West Virginia Attorney General Patrick Morrisey said the state will receive more than $153,000 in a national settlement with a prescription drug manufacturer. Morrisey says in a news release last month that every state and the District of Columbia are …

Family of Boy Killed by Carbon Monoxide at North Carolina Hotel Settles for $12M

Attorneys say the family of a boy who died from carbon monoxide poisoning at a North Carolina Best Western hotel in 2013 has agreed to settle wrongful death and injury lawsuits. The family’s attorneys said in a news release Monday …

Arizona Regents Slapped with $2M Gender Discrimination Suit

A $2 million collective action lawsuit has been filed against the Arizona Board of Regents for alleged gender discrimination. The suit was filed in federal court in Tucson on behalf of a former dean of the University of Arizona’s Honors …

Senate Committee Hopes to Restart Bill to Ease Entry of Driverless Cars

The chairman of the U.S. Senate Commerce Committee on Tuesday said he is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get thousands of cars on the …

Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …