What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers, who weren’t allowed to invest …
Insurance companies aren’t giving up on their quest to raise premiumson North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling homeowners policies in North Carolina is appealing its …
Glatfelter Healthcare Practice (GHP), an insurance program serving senior living facilities, home health care and other private homecare agencies, has expanded its program coverage with a new carrier, AIG. The package policy includes many enhanced coverage options such as: $50,000 …
Auto-parts suppliers are feeling the pressure as car companies move to raise quality standards after a record year for U.S. vehicle recalls in 2014. In Japan, parts makers that sell to automakers worldwide say they’re taking costly steps to meet …
Workers’ compensation costs and claims frequency in the healthcare sector are going down, according to a report that studied 1,1150 facilities in 11 states. Aon Risk Solutions’ Health Care Workers’ Compensation Barometer report projects that workers’ compensation loss rates and …
QBE Insurance Group Ltd. of Australia is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The agencies being bought by Alliant include Community Association Underwriters (CAU), Deep South Insurance …
Virginia State Police report more than 300 wrecks across the state due to roads slickened by a winter storm. State police spokeswoman Corinne Geller says no injuries were reported in a majority of the wrecks. Geller says troopers responded to …
The Indiana Court of Appeals has upheld the state’s $5 million cap on liability damages in a case brought by a 13-year-old Ohio girl who was hurt when a stage collapsed at the Indiana State Fair. A three-judge panel rejected …
Kitty Ambers has been promoted to chief executive officer of the Network of Vertafore Users (NetVU). Ambers’ responsibilities as CEO include directing and improving NetVU operations; communicating with the executive committee, board of directors, staff and Vertafore management; and acting …
Efficiencies at the North Dakota Insurance Department have led the state’s insurance commissioner to ask for a reduced operating budget for 2015 – 2017, the department announced. North Dakota Insurance Commissioner Adam Hamm testified before the Senate Appropriations Committee presenting …
