Connecticut Governor Dannel P. Malloy says his two-year state budget proposal will reduce taxes for Connecticut’s insurance industry. The Democrat said Monday he wants to lower the tax rate that insurers pay on premiums from 1.75 percent to 1.5 percent. …
UK motor insurance premiums hit their highest recorded levels in the fourth quarter of 2016 and rose more than five times the rate of inflation in 2016, as tax increases, increased repair costs and the rising costs of whiplash-style injury …
Allianz has agreed to acquire the remaining 33.5 percent stake in Allianz Irish Life Holdings plc (AILH) not already owned by Allianz Group. Allianz aims to increase its stake in AILH from 66.5 percent currently to 100 percent. The total …
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some investors and analysts. …
Ascot Underwriting Ltd. announced that Ian Thompson, Nick Williamson, and Justin Keith will be joining Ascot on March 1 to underwrite healthcare, casualty treaty, and specialty reinsurance business, based in Ascot’s office in Bermuda. The appointments are subject to regulatory …
Donald Trump has no problem saying what he’s thinking – as he proved during a phoner with Australian Prime Minister Malcolm Turnbull on Saturday. This could make one wonder how he’ll treat Prince Charles – a strong believer in climate …
EPIC Insurance Brokers and Consultants has named Bill Bergstrom to lead the operations and growth initiatives of its golf insurance services program. He will be based in EPIC’s Sacramento, Calif. office and report to Paul Lindsay, senior vice president and …
Bay Area Rapid Transit has agreed to pay more than $1 million to settle a lawsuit accusing the agency of violating waste and hazardous-materials laws. The San Francisco Chronicle reported that the transit agency agreed to pay $1.275 million to …
An $8 million lawsuit against a fraternity at a northwestern Oregon college says a hazing incident resulted in a 20-year-old man losing his right eye. KOIN-TV reports that the lawsuit alleges Kellen Johansen was coerced into drinking alcohol, running naked …
In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against insurers following hailstorms “the newest form of …
