Industry News

Provided by InsuranceJournal.com

Texas Windstorm Insurer’s Actuarial Committee Recommends 5% Rate Hike
November 20, 2019
When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a 5% rate increase recommended by the organization’s actuarial and underwriting committee …

AXA XL Launches Risk Innovation Incubator Called ‘Cube’
November 20, 2019
AXA XL Insurance launched Cube, a risk innovation incubator, a six-week program designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for their most complex risks. The pr …

Attempted Cyberattack Disrupts Louisiana Government Websites
November 20, 2019
Many of Louisiana’s state government websites and email systems are shut down because of what the governor’s office is describing as an attempted ransomware attack. The problem Monday disrupted business operations and online services across state age …

More Acreage than First Thought Affected by North Dakota Keystone Pipeline Leak
November 20, 2019
A crude oil spill from the Keystone pipeline in eastern North Dakota has turned out to have affected almost 10 times the amount of land as first reported, a state regulator said. North Dakota environmental scientist Bill Suess said the …

Amid Scrutiny, Vice Chair of Iowa Insurance Pool to Depart
November 20, 2019
The longtime vice chairman of an insurance pool for Iowa municipalities will not seek re-election, following scrutiny of its travel and his arrest for domestic violence. Gary Mahannah said earlier this year he would seek another four-year board term …

Outlooks Revised to Negative for Members of Texas’ Slavonic Mutual Group
November 20, 2019
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance Association and its wholly owned subsidiary, Slavo …

Ohio’s AgencyZoom Hires Ternes as VP, Sales
November 20, 2019
AgencyZoom, a Columbus, Ohio-based sales analytics and automation platform for insurance agents, has hired Katherine Ternes as vice president of Sales Ternes time as a legislative aide and her experience within insurtech start-ups brings a unique com …

Tokio Marine HCC Names Barnett and Browne as Co-Global Marketing Leaders
November 20, 2019
Specialty insurer Tokio Marine HCC announced that Jeremy Barnett and Phelim Browne have been named co-global marketing leaders, effective Oct. 1, 2019, reporting to Thomas Harmeyer, executive vice president. Barnett, based in Los Angeles, joined Toki …

Senate Banking Committee Advances Terrorism Reinsurance Renewal
November 20, 2019
Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee. The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that passed the House earlier this wee …

Minnesota Businessman Pleads Guilty in Labor Trafficking, Insurance Fraud Case
November 20, 2019
A businessman accused of insurance fraud and exploitation of his construction workers has pleaded guilty as his trial was about to start in Minneapolis. The Minnesota Department of Commerce reported that Ricardo Ernesto Batres, 47, pleaded guilty in …

http://news.google.com/?output=rss