Archive for January 2016

Liberty International Underwriters (LIU) has named Diana Cossetti as senior vice president of LIU’s U.S. Casualty operation, newly-created underwriting leadership role overseeing Primary Casualty, Excess Casualty, Environmental, Railroad and Crisis Management. S Cosetti will be based in New York and … Read More Read more here:: Insurance Journal       

Aviva Plc, the U.K.’s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase will increase Aviva’s policy sales in … Read More Read more here:: Insurance Journal       

You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because here goes: The National Highway Traffic Safety Administration is preparing to get deeper … Read More Read more here:: Insurance Journal       

Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for energy-related holdings. Net income dropped to $866 billion, or $2.83 a … Read More Read more here:: Insurance Journal       

The U.S. Supreme Court on Wednesday ruled against advertising firm Campbell-Ewald in a class action case, saying the lawsuit can proceed over claims the company violated a federal consumer law by sending unsolicited text messages on behalf of the U.S. … Read More Read more here:: Insurance Journal       

Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in Overland, Kansas, is a specialist U.S. crop insurer and agricultural consultant that reported … Read More Read more here:: Insurance Journal       

The U.S. Supreme Court will consider whether a federal agency’s procedures have made it too easy to successfully cancel patents after agreeing last Friday to decide a case involving a vehicle speedometer that alerts drivers if they are speeding. The … Read More Read more here:: Insurance Journal       

Dale Arnold, who worked for Wisconsin plastics maker Flambeau, chose not to take his work-sponsored health assessment and biometric screening. The company responded by pulling his insurance coverage. Like many employers, Flambeau uses a wellness program to cut insurance costs by encouraging healthy employee habits. In … Read More Read more here:: Insurance Journal       

The U.S. Supreme Court refused to take up a new constitutional challenge to the Affordable Care Act, turning away an appeal that said lawmakers used flawed legislative procedures to pass the measure. Opponents of President Barack Obama’s healthcare law were … Read More Read more here:: Insurance Journal