News

The Hilb Group Acquires New Jersey-Based American Truck Insurance Exchange

The Hilb Group LLC (THG), a Richmond, Va.-headquartered middle market insurance agency, has acquired Manasquan, N.J.-based American Truck Insurance Exchange LLC (ATIE). The transaction became effective March 1, 2017. ATIE is a property and casualty insurance agency that specializes in …

California Workers Comp Medical Review Volume Hit a Record in 2016

The California workers’ compensation independent medical review process used to resolve medical disputes found that in 2016 IMR physicians once again upheld about 90 percent of utilization review physician’s modifications or denials of treatment, yet IMR volume climbed 6.5 percent …

CDI Issues Directive on New Workers’ Comp Law Pertaining to Excluded Employees

The California Department of Insurance has notified the Workers’ Compensation Insurance Rating Bureau of its concern that some insurers may be in violation of Assembly Bill 2883. This law, which went into effect on Jan. 1, excludes an officer or …

Hannover Re to Acquire Lloyd’s Syndicate Argenta

Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, which owns Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121. Hannover Re has been …

XL Catlin Names Fischbach to Key Excess & Surplus Insurance Post

XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its excess and surplus insurance operation. In his newly added role, Fischbach will focus on aligning XL Catlin’s E&S underwriting and products with its distribution strategies, …

Berkshire Hathaway Employee Wins $100K in March Madness Contest

Berkshire Hathaway Inc. said that a Berkshire factory worker from West Virginia was the winner of its 2017 Bracket Contest. The contest winner will be receiving the winning prize of $100,000 as a result of correctly picking the winners of …

How Senate Republicans Are Split Over Obamacare Replacement Bill

The House is racing to find enough votes for its health-care bill this week, but even if it passes, prospects in the Senate have only darkened. More than enough Senate Republicans oppose the House bill to kill it — with …

Fire That Did $100K in Damage to Delaware Jewelry Store Was Accidental

Officials say a fire at a jewelry store in Delaware that did $100,000 in damage was accidental. The office of the state fire marshal says the fire was reported shortly after 2:30 a.m. Sunday in the Jewelry Exchange of Delaware …

Penn State Ex-President Heads to Trial in Sandusky Scandal

Penn State’s former president faces trial Monday on charges that children were put at risk by how he responded to complaints about Jerry Sandusky more than 15 years ago, and two of his former top lieutenants who just pleaded guilty …

Risk Management Not Keeping Up with Escalating Risks: Survey

Most executives see risks increasing in both number and complexity – but those same executives say their organizations’ risk management efforts may not be staying abreast of those risks. The findings are part of a report titled “The State of …

News Archives by Month