December 14, 2016
Maria Ruvalcaba has joined the Pardridge Insurance Agency in Sycamore, Ill. Ruvalcaba comes to the independent insurance agency after 20 years working for various direct writers including State Farm and American Family. Ruvalcaba has experience in both personal and commercial …
December 14, 2016
Next Insurance has partnered with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey & Co, the small commercial market has good …
December 14, 2016
A Missouri woman who sued American Family Insurance for retaliation and age and sex discrimination has been awarded $20 million in punitive damages. Deborah Miller, 60, of Blue Springs, also was awarded $450,000 in actual damages by a Jackson County …
December 14, 2016
The Fairly Group, based in Amarillo, Texas, has named William (Bill) Creedon as chief executive officer of the Fairly Group and OccuNet, effective Jan.1, 2017. Creedon formerly was head of Corporate Risk & Broking for North America at Willis Towers …
December 14, 2016
NJM Insurance Company, a West Trenton, N. J.-headquartered property and casualty insurer, has announced the retirement of senior vice president andd chief financial officer Charles A. Prall, effective December 31, 2016, after a career at NJM that spans more than …
December 14, 2016
South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2 month highs. Hastings, which listed just …
December 14, 2016
In 2016, Texas suffered through another costly year of weather related losses for homeowners and autos. Looking only at loss information through the end of September, it has been a year of record losses for hailstorms. The months of March …
December 14, 2016
Roughly a third of the more than 3,000 barrels of oil that spilled into a North Dakota creek following a pipeline leak last week has been recovered, a local official said. An estimated 4,200 barrels of oil leaked from the …
December 14, 2016
A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission cuts. Although the …
December 14, 2016
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1.1 million to the government of Nicaragua as a result of damages from Hurricane Otto. Damages triggered a CCRIF payment on the country’s tropical cyclone policy, which …