Archive for February 2016

The Maryland Insurance Administration said it has come to regulators’ attention that some insurers and premium finance companies may not be providing the minimum days’ notice as prescribed by the Maryland statutes before companies cancel, non-renew, increase the premium, or … Read More Read more here:: Insurance Journal       

Crystal & Company has hired Ann L. Wozencraft as executive director. She is based in Crystal & Company’s New York City headquarters office. Wozencraft comes from Aon where she served as managing director since 2007, with a focus on financial … Read More Read more here:: Insurance Journal       

Specialist Lloyd’s underwriter Marketform announced it will cease to write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of Marketform’s general liability account. “Alongside its shareholder, American Financial Group, … Read More Read more here:: Insurance Journal       

By Amy O’ Connor Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in fact, they … Read More Read more here:: Insurance Journal       

MetLife Inc., the life insurer that is reshaping its business mix to limit government oversight, is in talks with Massachusetts Mutual Life Insurance Co. about a possible sale of MetLife Premier Client Group, the company’s U.S. adviser force. The group … Read More Read more here:: Insurance Journal       

A former BP manager charged with violating U.S. pollution law over the 2010 Gulf of Mexico oil spill was cleared by a New Orleans jury, thwarting federal prosecutors’ last chance to jail someone over the disaster. Robert Kaluza, a well-site … Read More Read more here:: Insurance Journal       

Insurance broker Aon announced several leadership appointments in the U.S. Warren Mula assumes the newly created global role of president of Aon Risk Solutions. He will serve as a strategic advisor across the business. Mula most recently served as chief … Read More Read more here:: Insurance Journal       

By Amy O’ Connor The demise of Google’s online insurance comparison site Google Compare is being hailed by some in the industry as a victory for the traditional agency system. But agents may want to hold off on breaking out the champagne. Leading online … Read More Read more here:: Insurance Journal       

The U.S. Supreme Court on Tuesday signaled a willingness to give federal judges more discretion to boost penalties for patent infringement as the justices heard arguments in cases brought by Stryker Corp. and Halo Electronics Inc. Stryker, a medical device … Read More Read more here:: Insurance Journal