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Obamacare Day 3: High Demand, Enrollment Glitches Persist

Americans trying to find out how much health coverage will cost under Obamacare endured a third day of limited access to new online health insurance exchanges on Thursday, leading to a growing backlog of people waiting to enter the system. …

Is There Coverage for Losses Stemming From Government Shutdown or Default?

At the time of this writing, the federal government is in a partial shutdown. Essential functions are operating, but certain areas such as national parks are completely closed. While this partial shutdown does not threaten the validity of federal debt, …

Confie Seguros Buys 2 Agencies in New York, 1 in Texas

Personal lines insurance brokerage Confie Seguros, has acquired three additional brokers β€” two in New York and one in Texas. Terms were not disclosed. The insurance brokerages acquired are: James S. Sullivan Agency and Advanced Auto Insurance in New York …

Fairfax Completes Acquisition of American Safety

American Safety Insurance Holdings, Ltd. has announced the successful completion of its previously announced acquisition by Fairfax Financial Holdings Limited. After Fairfax increased its offer, American Safety shareholders will receive $30.25 in cash for each common share they owned as …

FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1

The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management Associations’ (FERMA) recently concluded forum in the …

Allied World Asia-Pacific Launches Primary Professional Indemnity Coverage

Allied World Assurance Company Holdings, AG announced that its Asia-Pacific platform has launched “Allied World AgilitySM Primary Professional Indemnity, a new product developed exclusively for the Asia-Pacific marketplace.” The bulletin said the “new primary product provides comprehensive protection for professionals, …

Civil Court Cases Face Possible Delays Due to Government Shutdown

U.S. Justice Department lawyers from New York to San Francisco are asking judges to delay civil cases as the government partially shuts down, and in Manhattan already won a halt to litigation except one trial. The Justice Department made the …

All Risks Launches Workers Comp Product for Agriculture Risks

The recently formed Workers’ Compensation Specialty division of All Risks, Ltd., has launched its second specialty class, WC for agriculture exposures. This unit will offer workers’ compensation through two carriers for a variety of agriculture risks, focusing on cotton gin …

Gulf Coast Braces for Flooding from Tropical Storm Karen

Tropical Storm Karen may bring more than 7 inches (18 centimeters) of rain, isolated tornadoes and power outages to the U.S. Gulf Coast, where it is expected to go ashore over the weekend, forecasters said. Karen, with top sustained winds …

Willis Names Long Regional Placement Officer in West

Willis North America named Linda Leigh Long regional placement officer in its West region. Long will lead a team insurance placement professionals across Willis’ West region, which includes operations in Arizona, California, Colorado, Nevada, Oregon, Texas, Washington and Wyoming. She …

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