Archive for February 2016

By admin About 12.7 million Americans signed up for 2016 health insurance coverage through the government insurance exchanges, surpassing its expectations, U.S. Health and Human Services Secretary Sylvia Burwell said on Thursday. The government began offering subsidies for individual insurance in 2014 … Read More Read more here:: Insurance Journal       

By admin Ironshore Inc.’s Specialty Casualty unit has named Merle E. Shapiro to the position of product line manager for Public Entity lines. She will be responsible for expanding Ironshore’s Public Entity practice and building upon its platform of serving municipal and … Read More Read more here:: Insurance Journal       

UK-based RSA announced a new, seven-year partnership with Wipro Ltd. to deliver its IT infrastructure requirements across the UK, Ireland and Scandinavia. Bangalore, India-headquartered Wirpo, a global information technology, consulting and business process services company, will provide infrastructure for mainframe, … Read More Read more here:: Insurance Journal       

Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of MarketScout. “Commercial property insurers are getting ready … Read More Read more here:: Insurance Journal       

London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for the prior year … Read More Read more here:: Insurance Journal       

By Joan Lowy Three of the biggest freight railroads operating in the U.S. have told the government they won’t meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last … Read More Read more here:: Insurance Journal       

Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed second phase of the tender process, Flood Re … Read More Read more here:: Insurance Journal       

Cambria County, Pennsylvania, Assistant District Attorney Heath Long could not prove that a young man was texting when he careened his pickup into another, killing a grandfather and his teenaged granddaughter. “What we did know is a very short period … Read More Read more here:: Insurance Journal       

Anderson, Bagley & Mayo Insurance Agency, an independent agency based in Leominster, Massachusetts, announced that it has acquired Judy A. Mendolusky Insurance Agency, also based in Leominster. Terms of the transaction were not disclosed. Founded in 1986, Judy A. Mendolusky … Read More Read more here:: Insurance Journal