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LevelFirst, Church Mutual Partner on Coverage for Religious Marketplace

Dallas-based wholesale insurance broker LevelFirst LLC has entered into an agreement with Church Mutual Insurance Co. to provide members of the Independent Insurance Agents of Texas with exclusive access to market-leading products for churches, schools, camps, conference centers, assisted living …

West Virginia Judge Dismisses Parts Suit Against Body Shop, Liberty Mutual

A Kanawha County, W. Va., judge has dismissed a lawsuit that accused a St. Albans body shop owner of illegally installing junkyard parts on new vehicles. Former Attorney General Darrell McGraw filed the lawsuit in 2011 against Greg Chandler’s Frame …

Top 10 Causes of Workplace Injuries

Overexertion and falls account for more than $25 billion in workers’ compensation costs in the U.S. Being hurt by an object or equipment ranks third in workplace injury causes and claims costs in the Liberty Mutual Research Institute for Safety’s …

U.K.’s RSA Considers Sale of Middle East Business

RSA Insurance Group plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, Asia, Latin America and Canada, is working …

AXA ART Announces New Global Organizational Structure

As part of its ongoing efforts to expand into new markets and bolster effective delivery of innovative product and service offerings to clients around the world, AXA ART announced it has structured its global operating presence into four regions: South-West …

Large Firms Add Financial Muscle to Wellness Programs

U.S. companies are increasingly penalizing workers who decline to join “wellness” programs, embracing an element of President Barack Obama’s healthcare law that has raised questions about fairness in the workplace. Beginning in 2014, the law known as Obamacare raised the …

Catastrophe Bond Issuance Reaches Record Levels: Aon Benfield Report

Property catastrophe bond issuance for the fourth quarter 2014 stood at USD$2.1 billion across six separate transactions, contributing to a record annual property catastrophe bond issuance of USD$8.0 billion, according to a report published by Aon Benfield Securities, the investment …

ACE Promotes Langdon to Global Head of Upstream Energy

ACE Group announced that James Langdon, Lloyd’s market manager for energy within ACE Global Markets, has been promoted to the new role of global head of upstream energy as the company continues to build its presence across the world’s energy …

Towergate Creditors Seeking Takeover With $1 Billion Debt Swap

Towergate Finance Plc’s creditors are offering to cancel 715 million pounds ($1 billion) of debt in exchange for control of Europe’s largest insurance broker. The company’s senior secured creditors also propose writing off the accrued interest, according to a statement …

World Economic Forum Report Cites ‘Interstate Conflict’ as #1 Risk

The World Economic Forum Global Risks 2015 report, released at a press conference in London yesterday, singled out potential “interstate conflict with regional consequences” as the number one global risk in terms of likelihood, and the fourth most serious risk …

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