Archive for March 2016

California should delay action on a proposed state-run retirement savings plan for private-sector employees because it could end up leaving taxpayers on the hook, the Investment Company Institute said in a letter Thursday to state Treasurer John Chiang. The program, … Read More Read more here:: Insurance Journal       

San Diego-based Wells Media Group announced that Mitch Dunford, chief executive officer, has resigned to pursue other career opportunities. Dunford, a former San Diego police officer, has been with Wells Media for 15 years. After leaving the San Diego police … Read More Read more here:: Insurance Journal       

One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and flooding in … Read More Read more here:: Insurance Journal       

Kentucky sued Volkswagen AG and its luxury units on Tuesday claiming the German automaker’s diesel emissions cheating scheme violated the state’s Consumer Protection Act. “Volkswagen must be held accountable for its false and misleading promotion and sales of its vehicles … Read More Read more here:: Insurance Journal       

EXOR SpA Chief Executive Officer John Elkann was named chairman of PartnerRe, the reinsurer that his investing firm acquired for [$6.9 billion last week in its largest takeover]. PartnerRe President Emmanuel Clarke was named CEO of the reinsurer, the Bermuda-based … Read More Read more here:: Insurance Journal       

By L.S. Howard Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor’s Ratings Services and Fitch Ratings in new reports. “Stripping out these two factors, … Read More Read more here:: Insurance Journal       

Ridesharing services, like Uber and Lyft, will soon be allowed to pick up riders at Washington’s Seattle-Tacoma International Airport. Seattlepi.com reported the Port of Seattle announced this week it would allow the companies to operate at the airport as part of a … Read More Read more here:: Insurance Journal       

Officials say no one was hurt in a small kitchen fire at a restaurant at the Treasure Island hotel-casino property on the Las Vegas Strip. Casino spokeswoman Michelle Knoll said the grease fire in the Senor Frog’s Restaurant and Bar … Read More Read more here:: Insurance Journal       

NJM Insurance Group, one of New Jersey’s leading automobile insurers, has hired Violet Marrero as its consumer safety administrator. She is based in NJM’s West Trenton, New Jersey, headquarters office. In her new role, Marrero will manage the day-to-day activities … Read More Read more here:: Insurance Journal