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

UK Government Hit for Failing to Publish Brexit Position Paper on Financial Services

Business leaders have criticized Britain’s government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit. Senior financiers say they were told after the summer that the government would issue a position …

AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’

American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings …

If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public

Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept. “I’m working with this company and this is what they’re going …

Report: West Virginia Controlled Substance Dispensing Down 11.7% in 2017

A West Virginia board report says state pharmacies dispensed 31 million fewer controlled substances last year, a trend the board’s acting chief says is due to heightened awareness about prescription medication overdose deaths. The Charleston Gazette-Mail reports the decline was …

Good2Go Auto Insurance to Offer Distracted Driving App Through LifeSaver

Good2Go Auto Insurance, Inc., has partnered with mobile software provider LifeSaver to fight distracted driving. Good2Go Auto Insurance’s direct policyholders now have access to the The LiveSaver mobile app to help ignore the urge to use their phones while driving. …

Alabama-Based ProAssurance Promotes Rand to Chief Operating Officer

ProAssurance Corporation, based in Birmingham, Ala., has promoted Edward L. “Ned” Rand, Jr. to chief operating officer. In this newly created position, Rand will be responsible for the day-to-day operations of ProAssurance, reporting directly to Stan Starnes, chairman and chief …

Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia

Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property & casualty strategy across the country through a growing network of offices …

Employees Missing After Oklahoma Drilling Rig Fire

Drilling contractor Patterson-UTI said some of its employees were missing on Monday after a fire at one of its drilling rigs in Pittsburg County, Oklahoma. The company said it had activated its emergency response systems and was cooperating with first …

NFP Names Wadsworth Vice President for Corporate Benefits in Utah

NFP has named Clint Wadsworth vice president for corporate benefits. Wadsworth has been assigned to oversee and help lead the corporate benefits strategy within NFP’s existing large employer segment. Wadsworth will also help support NFP’s relationships in the Utah Market. …

Leavitt Central Coast Insurance Services Acquires Pulford in California

Pulford Insurance Agency has been acquired by Leavitt Central Coast Insurance Services. The merger will not affect customer policies, and the same personnel will continue to serve clients, now at the LCCIS location in Salinas, Calif. Terms of the deal …