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Alternative Capital Dominates Discussions at Reinsurance Rendez-vous

The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note of uncertainty. The elephant in the room this year …

Insurance Pros in Politics: Shealy is Sole Woman in South Carolina Senate

Katrina Frye Shealy was the only woman in her insurance agency for years. It turns out that that was useful experience for her political career. Today Shealy is the sole woman in the South Carolina Senate. “It’s lonely sometimes with …

Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers

Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to get federal cash for insuring farmers against loss of crops …

U.K. Crime Agency Won’t Name Insurers Using Illegal Sources

The U.K.’s Serious Organised Crime Agency refused to reveal the names of law firms and insurance companies that may have hired convicted private investigators who illegally gained information. SOCA declined to publish the list because of the “detrimental” effect “to …

Tulsa Oral Surgeon Accused in Health Scare Sued

A Tulsa, Okla., oral surgeon accused of exposing thousands of his patients to hepatitis and HIV because of unsanitary clinics is now facing a class action lawsuit. The lawsuit, filed by seven people in Tulsa County District Court, names Wayne …

Highland Risk Services Partners with Ironshore for Continuing Care Retirement Communities

Glenview, Ill.-based insurance wholesaler Highland Risk Services announced an exclusive partnership with Ironshore to provide liability insurance for the empirical risk program, which is designed specifically for continuing care retirement communities (CCRCs). It recognizes and rewards CCRCs for their designation …

Some Small New Jersey Marinas Still Waiting for Sandy Aid

Nearly a year after Superstorm Sandy hit New Jersey, some small marina owners are still waiting for money to help rebuild their shattered businesses. Kristi Munro Hanselmann’s marina in Little Egg Harbor Township suffered $1.4 million in damage last October. …

Commercial Insurance Prices Continued Up in Q2: Towers Watson

Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) conducted by global professional services company Towers …

Main Street America Expands Commercial Products to Austin Mutual Agents in Oregon

The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (Main Line BOP), to independent agents who represent the super-regional property/casualty insurance carrier’s Austin Mutual Insurance Co. in Oregon. This launch …

Ironshore, Highland Risk Services form Partnership for Continuing Care Coverage

Insurance wholesaler Highland Risk Services has partnered with Ironshore to provide liability insurance for the Empirical Risk program, which is designed specifically for continuing care retirement communities (CCRCs). CCRCs combine at least three levels of care – independent living, assisted …

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