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Pardridge Insurance Agency Adds Ruvalcaba in Illinois

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 …

Next Insurance, Munich Re to Offer Coverage for Commercial Photographers

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 …

Jury: American Family Must Pay $20M in Missouri Age, Sex Discrimination Case

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 …

Creedon Named CEO at Amarillo-Based Fairly Group

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 …

New Jersey’s NJM Insurance Announces Prall’s Retirement, Hires Shore

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 …

South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings

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 …

Texas Hail Losses Set Record in 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 …

Cleanup Ongoing after North Dakota Pipeline Oil Spill

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 …

G20 Task Force to Ask Firms to Disclose How They Manage Climate Risks

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 …

Caribbean Cat Facility, CCRIF, Pays Nicaragua $1.1M for Hurricane Otto

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 …

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