Syndicate content News – Insurance Journal
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 12 hours 49 min ago

Texas Attorney: Information-Heavy Healthcare a Huge Target for Cyber Crime

Mon, 07/25/2016 - 11:33am
Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a partner in BakerHostetler’s Houston office, has been working with …

Woman’s Joplin Tornado-Related Suit Against Home Depot Tossed

Mon, 07/25/2016 - 11:22am
A federal judge has tossed out a woman’s lawsuit against Home Depot over the deaths of her husband and two children who had sought refuge inside the big-box store destroyed during the devastating 2011 tornado in Joplin, Mo. U.S. District …

CoVerica Promotes Sutter, Bracken and Sterlacci

Mon, 07/25/2016 - 11:21am
Dallas-based independent insurance agency CoVerica announced it has promoted three executives. John Sutter has been promoted to the position of president for CoVerica Inc. Sutter will continue to report to Mike Sterlacci, chairman and CEO, and will oversee retail operations …

AIG’s Jones Named COO at TDC Risk Management

Mon, 07/25/2016 - 11:20am
High net worth personal insurance firm TDC Risk Management (TDC), based in Maumee, Ohio, has hired Greg Jones as chief operating officer. Jones joins the closely held firm in support of its continued strong growth and further expansion of the business. …

Washington Tunnel Contractors File $11M Lawsuit

Mon, 07/25/2016 - 10:17am
The contractors who built Bertha the tunnel machine in Washington two years ago have filed a lawsuit seeking $11 million in extra pay. The Seattle Times reported that the contractors contend that their efforts working with tough soil conditions cost …

California Wildfires Gut Homes, Force Evacuations

Mon, 07/25/2016 - 10:12am
Thousands were forced to flee a wildfire burning in tinder-dry canyons in Southern California, authorities said. The fire has destroyed at least 18 homes in northern Los Angeles County. The blaze momentum two days after it broke out. About 300 …

Weather Service Determines Tornado Touched Down in Washington

Mon, 07/25/2016 - 10:06am
The National Weather Service says a tornado touched down near Coulee City as severe weather hit the Inland Northwest. The weather service confirmed the tornado touched down at about 3:30 p.m. Friday in the area, about 95 miles west of …

Insurance Costs Rise in Idaho County following Lawsuits

Mon, 07/25/2016 - 10:03am
Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The Times-News reported that the county’s insurance payments have increased 58 percent over the past five years from $350,639 for the …

Judge Expected to Allow Suit Against Trump University to Proceed

Mon, 07/25/2016 - 7:48am
Just hours after Donald Trump accepted the Republican presidential nomination in Cleveland, a federal judge in San Diego said he plans to allow former students who claim to have been cheated by Trump University to take the billionaire candidate to …

UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary

Mon, 07/25/2016 - 7:33am
British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson, speaking to reporters in New …

BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line

Mon, 07/25/2016 - 7:26am
Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial Institutions, Executive & Professional Lines, in Canada. The new products are: …

Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review

Mon, 07/25/2016 - 6:57am
A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers …

Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

Mon, 07/25/2016 - 6:57am
A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert Sudfeld, …

UConn Plans Biological Risk Institute

Mon, 07/25/2016 - 6:00am
The University of Connecticut is establishing an Institute of Biological Risk. The school says the new institute will seek to understand and mitigate emerging threats to agriculture, natural resources, human health and the economy. That means studying climate change and …

Renaissance Alliance Names Christiansen as Managing Director, Business Development

Mon, 07/25/2016 - 6:00am
The Massachusetts-based agency coalition and services network, Renaissance Alliance Insurance Services, has named Michael R. Christiansen to the position of managing director, Strategic Business Development. In this role, Christiansen will work with management and business development teams on a range …

Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned

Mon, 07/25/2016 - 4:24am
Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office. He will oversee Marsh’s …

Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun

Mon, 07/25/2016 - 4:03am
Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial strength. The company filed with an initial …

Administrator of Sept. 11 Victims’ Compensation Fund Leaving Post; Successor Named

Mon, 07/25/2016 - 3:00am
The administrator of the federal compensation fund for Sept. 11 victims is stepping down after five years. Sheila Birnbaum will leave her post as special master of the fund that disburses compensation awards to first responders, recovery workers and other …

Houston International Insurance Group Announces Senior Management Promotions

Mon, 07/25/2016 - 2:00am
Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and will continue to report to Stephen L. Way, …

Health Insurers Could Go on Buying Spree If Big Mergers Blocked

Mon, 07/25/2016 - 1:00am
The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers. The U.S. Department of Justice on Thursday sued to block Aetna Inc.’s $37 billion purchase of Humana Inc and …

Auto Insurance

Auto Insurance

Bodily Injury, Liability Coverage, Comprehensive Coverage, and Collision Coverage. Let BID find you a better auto insurance deal.

Homeowners Insurance

Homeowners Insurance

Your home is a key component of your family's financial well being, so it makes sense that you insure it properly.  Let BID find you a better home insurance deal.

Life Insurance

LIFE Insurance

Having a Life Policy in force is so important that it warrants special consideration. Protect your family's finances. Let BID find you a better Life insurance deal.