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

Buildings Damaged, Power Cut by Strong Winds in Arkansas

Thousands of people are without electricity in Arkansas after strong storms moved through the state. Entergy Arkansas says crews are working to restore electricity to the 7,000 homes and businesses that lost power in the storms late Sunday and early …

In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market

In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He also …

Former Arkansas Insurance Commissioner Horne Passes

Former Arkansas Insurance Commissioner Allan W. “Dick” Horne has passed away, according to the Arkansas Insurance Department. Horne led the department for three years, from 1968 through 1970. In a statement, Arkansas Insurance Commissioner Allen Kerr commented: “The Arkansas Insurance …

Professional Liability Insurance Brokerage, Gemini Risk, Launched in Michigan

Experienced lawyers and insurance professionals David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it was …

Insurance Education Scholarships Available for Missouri Students

The Missouri Department of Insurance announced that high school seniors and college students who are Missouri residents are eligible to apply for Missouri Insurance Education Foundation (MIEF) scholarships. The deadline is March 31. Four, $1,500 scholarships are awarded to graduating …

Tata Group Predicts Significant Organic Growth Opportunities in Insurance

The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our insurance business and non-banking finance company have got …

Travelers Manages Q4 Profit Despite Wildfires, Tax Hit

Property/casualty insurance giant Travelers Companies Inc. reported net income of $551 million for the quarter ended December 31, 2017, a 42 percent drop compared to $943 million in the prior year quarter. The drop was attributable to claims from California’s …

Idaho School Trying to Recover Data Weeks After Ransom-Seeking Cyberattack

Nearly six weeks after being hit by a massive ransomware cyberattack, the Jerome School District is still working to recover. On Dec. 11, school district officials found out much of its data was encrypted. Each affected file included a message …

California Commissioner Wants Insurers to Pass Tax Savings to Policyholders

California Insurance Commissioner Dave Jones wants insurers in his state to pass along savings from taxes expected to be generated by the new tax bill passed in Congress recently. “The recent revision to the Federal Tax Schedule for 2018 reduced …

TigerRisk Names Beckers, from Aon, as Partner and Head of EMEA

TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced that Marc Beckers has been named partner and head of EMEA. Beckers, most recently head of Aon Benfield ReSolutions EMEA, is one of Europe’s foremost experts on non-traditional risk-transfer structures and …