New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4 percent, …
Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of landslides, and airlines predicting high winds that would disrupt flights. Soulik may make landfall in northeastern Yilan or eastern Hualien …
Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief operating officer. Fitzgerald succeeds James Migliorini, …
Toledo, Ohio-based insurance brokerage, Hylant, recently promoted Kevin O’Donnell to Global Practice Executive (GPE). He is based in Hylant’s Detroit, Mich., office. In his new role, O’Donnell will be responsible for the development, growth and vision of Hylant’s global practice. …
Iowa’s largest health insurer is closing its Sioux City office and eliminating more than 100 local jobs. Wellmark Blue Cross & Blue Shield announced that the First Administrators, or FAI, office will close in early 2014. The third-party administrator processes …
Missouri Gov. Jay Nixon has signed legislation raising charges on businesses to replenish an insolvent state fund that provides benefits to disabled workers The new law will temporarily double the surcharge that businesses pay on their workers’ compensation insurance in …
Federal safety regulators have fined a construction company for the death of a worker at a Fayetteville, Ark., apartment complex. The Occupational Safety and Hazard Administration fined Business Construction Services LLC $7,600 over the death in May of 20-year-old Brannon …
Houston-based HCC Insurance Holdings Inc. announced that Parthasarathy Srinivasa has joined HCC as senior vice president and chief information officer (CIO), reporting to William N. Burke, HCC’s president and chief operating officer. Srinivasa has 20 years of information technology (IT) …
It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …
The California Department of Insurance announced a settlement with Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois over what CDI alleged was improper use of workers’ compensation insurance agreements. Zurich’s agreements forced California employers to arbitrate commercial …
