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Vermont’s The Richards Group Joins The Northern United Agents Alliance

The Northern United Agents Alliance (NUAA) has announced that The Richards Group of Brattleboro, Vermont, has joined NUAA along with Davis & Towle Insurance Group of Concord, N.H., and Eaton & Berube Insurance Agency of Nashua, N.H., as a founder …

Abuse of Nursing Home Residents Often Goes Unreported

More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to police, says a government audit that faults Medicare for failing to enforce a federal law requiring immediate notification. The Health …

Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal

The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a decision,” in a campaign launched on Tuesday to raise awareness of Britain’s costliest consumer mis-selling scandal. The Financial Conduct Authority …

Uber Provides Free Accident Insurance for More Than 450,000 Indian Drivers

Uber Technologies Inc. rolled out a free insurance program for more than 450,000 drivers registered on its ride-hailing app in India, seeking to attract more drivers. The San Francisco-based company, which this week chose a new chief executive officer, said …

Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey

Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the epicenter of the U.S. oil industry. The storm, which which made landfall as a category 4 hurricane and then drifted …

Harvey’s Insured Losses Hurt Insurers’ Stocks, Could Boost Reinsurers’ Prices

Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion. That would make …

AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days

American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG …

Tornado in Florida Causes Damage to Several Buildings

A tornado damaged buildings and cars and toppled trees in Florida but no one was hurt. The Bradenton Herald reports that the tornado struck Saturday night in Manatee County with winds of 70 mph (112 kph). The newspaper says several …

Barbour to Take Over as CEO of Independent Insurance Agents of Georgia

Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, currently vice president of Governmental Affairs, will serve as its new chief executive officer. Barbour will lead the association beginning Sept. 1, 2017. Barbour joined Big “I” Georgia in August …

Key House Chairman Wants Flood Insurance Reforms, Not Just Renewal

A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation’s flood insurance program before it expires next month, even though divisions persist over how much the federal government should be on the hook …

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