Argo Group Reports Q3 Net Income of $35.3M vs. $44.7M for Q3 2014

Bermuda-headquartered Argo Group International Holdings Ltd. reported net income of $35.3 million, or $1.24 per diluted share, compared to $44.7 million, or $1.54 per diluted share, for the third quarter of 2014. Net income for the nine month period ended Sept. … Read More Read more here:: Insurance Journal       

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California DMV Agreement Changes How Motor Vehicle Records Are Handled

California agents and brokers are being notified of a new change to how they can handle motor vehicle records. An agreement between representatives from the insurance industry and the California Department of Motor Vehicles eventually enabled the DMV to revise … Read More Read more here:: Insurance Journal       

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The Reinvention of the Reinsurance Broker

The Reinvention of the Reinsurance Broker By: Bermuda Re The business model of reinsurance broking is evolving fast, with clients now demanding everything from the latest analytics software and risk modelling support to access to alternative risk transfer structures and alternative capital suppliers. Bermuda:Re+ILS examines this changing landscape and asks ‘where next?’ for brokers. Aon…

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Are You Paying Your Employees to Think?

Are You Paying Your Employees to Think? By: Omnia A manager once said to me that if you want anemployee to think, you have to pay him or her at least $20.00 an hour. It’s an interesting statement, because it presupposes that (a) bosses want employees who think and (b) there’s an “employee price point”…

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Have You Reached the Top of Your Corporate Ladder?

Have You Reached the Top of Your Corporate Ladder? By: Mike McDonough You’ve worked your way up as an executive in your company. Your loyalty, hard work and innovation have gotten you this far – and now you feel stuck. Maybe it’s just a rut, or maybe it’s time to take your talents elsewhere. Here…

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October Insurance Industry Observations

The Chicago Cubs may have fallen short of breaking their streak and making it to the World Series, but the hiring hot streak continues here with a huge number of openings in several key areas. Employers are trying to fill positions now before the holidays set in, so it’s an ideal time to think about…

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Montana Bar to Blame for Woman Who Stole Truck And Died in Crash, Railway Says

BNSF Railway is suing a Whitefish, Mont. bar for allegedly over-serving a woman who stole a company truck and was killed when she crashed it into a tree. The Flathead Beacon reported the lawsuit claims Casey’s Bar & Casino is … Read More Read more here:: Insurance Journal       

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Outlook for Homeowners Insurance Market Improves: Aon

The outlook for the U.S. homeowners market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon Benfield Analytics reveals that insurers’ expected after-tax … Read More Read more here:: Insurance Journal       

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Southern California Utility Gets $400M Insurance Settlement over Closed Nuke

The operator of the defunct San Onofre nuclear power plant in Southern California announced that it reached a $400 million insurance settlement covering power outages caused by failed equipment, most of which will go to customers. The deal between Southern … Read More Read more here:: Insurance Journal       

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