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State Farm to Build Operations Center in Georgia

State Farm Insurance Co. plans to build a national operations center in the Atlanta suburb of Dunwoody. Dunwoody city officials announced the plans last Thursday. The Atlanta Journal-Constitution reported that the facility will be built on a nearly four-acre site …

Prudential Drops Its Fight Against Systemic Risk Designation

Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory oversight. The insurer opted against filing a lawsuit seeking to overturn its status …

Administration Says 500K Americans Have Submitted Obamacare Applications

Almost 500,000 Americans have submitted applications for health insurance through the online exchanges being run by the federal government and 14 states, according to an Obama administration official. Consumer use of healthcare.gov has been stymied by technical glitches since it …

Ohio DUI Video Confessor Seeks Reduced Sentence

An Ohio man who confessed in an online video to causing a fatal wrong-way crash after a night of drinking should receive a sentence well below the maximum of eight years to send a message about the value of taking …

Texas Senator: How Can We Lower Homeowner Insurance Costs?

A Texas lawmaker has asked the state insurance department to come up with suggestions for ways to lower homeowners insurance rates in the state. Texas has consistently been ranked, along with Florida and Louisiana, one of the top three states …

INSURICA Names Burton Oklahoma City Branch Manager

Insurance Management Network (INSURICA) has promoted Jeff Burton to the position of branch manager of its Oklahoma City office. Burton will be responsible for all aspects of the Oklahoma City operation including the oversight of production and client services in …

Imperial Management Corp. Acquires National Automotive Insurance

Imperial Management Corp. (IMC) announced an agreement to purchase National Automotive Insurance Co. (NAIC) headquartered in Metairie, La. The transaction is pending approval of the Louisiana Department of Insurance and is expected to close the first week of November 2013. …

High Crop Prices Turn More Midwest Grassland into Cropland

When cattle producer Jason Zahn aims his pickup across the gravel roads of North Dakota, he doesn’t see as many native grasses dancing along the prairie. Instead, he sees more and more black. He sees tilled dirt or burnt fields …

Report: Louisiana Could Have More Than 2M Jobs in 2015

Growth in the Lake Charles and Baton Rouge, La., areas is expected to help boost employment in Louisiana to an all-time high of more than 2 million jobs in 2015 in spite of plodding national growth, a new report said. …

Members of Aon Benfield’s Analytics Team Explain Cat Models

“Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for overseeing the collection of massive amounts of data, the construction of …

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