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Swiss Re in $1.268 Billion Deal with Berkshire Hathaway Life Insurer

Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The transfer is retroactive to October 1, 2009. Swis …

Dallas Institute Appoints SIG Insurance VP to Board

The Dallas Institute of Humanities and Culture, a nonprofit organization that conducts public programs aimed at discovering what the humanities have to offer to the cultural life of the city, appointed Fred Wilkinson as its newest board member. Wilkinson is …

Best Affirms Aspen’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited (AIL), and Aspen Specialty Insurance Company (ASIC), which is based …

California Lawmakers Fail to Report Gifts

Did the health insurance industry, among others, have unfair influence on California lawmakers, after it gave family members gifts? That’s the question voters and the state Fair Political Practices Commission might be asking following an Associated Press report that revealed …

Villacis Joins National Association of Insurance Women Chapter

The South Bay Chapter of the National Association of Insurance Women International (NAIW) has installed Gina Villacis, as a new member. Villacis, formerly with Zack Cooper & Associates Insurance Agency, is a commercial lines account manager with The Mahoney Group …

Missouri Insurance Department Returns More than $14M to Consumers

The Missouri Department of Insurance reports that in 2009 it returned $14.4 million to consumers who filed complaints. The money was recovered from insurance companies and represents a $2 million increase over the amount recovered in 2008. It was returned …

Wilson, Paves & Associates Joins PacWest Alliance Insurance Services

Wilson, Paves & Associates, which has offices in Bakersfiled and Atascadero, Calif., has joined PacWest Alliance Insurance Services Inc. PacWest Alliance Insurance Services Inc. is a California-based insurance cluster that provides a managed environment for its members to maximize growth …

Oklahoma Fines Tennessee Company for Selling Fake Insurance

Oklahoma Insurance Commissioner Kim Holland has fined a Tennessee company and two of its affiliates $25,000 each for violating a cease and desist order she issued in November of last year. According to the order, the company has been illegally …

Economic Downturn Puts Pressure on Return-to-Work Programs

The recent recession and record unemployment rates have increased pressure on the workers’ compensation insurance system to help return injured employees back to work while effectively managing costs. That was one of the messages shared by presenters at the Workers …

Oklahoma House Republicans Roll Out Their Workers’ Comp Reform Plan

Republicans in the Oklahoma House of Representative followed their counterparts in the state Senate on Jan. 14 by introducing their plan to overhaul Oklahoma’s workers’ compensation system. Senate Republicans unveiled their legislative intent on Jan. 11. The Republicans say an …

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