Archive for November 2016

Norfolk officials are urging residents to take notice of proposed changes to federal flood insurance rate maps in the wake of Hurricane Matthew. The Virginian-Pilot reports that the rate maps would require some landowners to buy coverage and put some … Read More Read more here:: Insurance Journal       

A moderate earthquake was felt by residents in southwest Alaska, but there were no immediate reports of damage, according to the U.S. Geological Survey. The Alaska Earthquake Center says the temblor had a preliminary magnitude of 5.2 and it was located … Read More Read more here:: Insurance Journal       

Online insurance comparison shopping agency CoverHound has announced a partnership with pay-per-mile auto insurance company Metromile to provide more coverage options for customers of both companies. The partnership gives CoverHound, which now operates its personal lines platform in all 50 … Read More Read more here:: Insurance Journal       

By L.S. Howard Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance business, for approximately $235 million in cash. The acquisition, which is … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield Exxon Mobil Corp. sued New York Attorney General Eric Schneiderman to stop his investigation into what the company knew about climate change. The oil giant on Thursday revised a lawsuit it filed in June against Massachusetts Attorney General Maura Healey. … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield Joshua DeLeon earned $200 a week driving for Uber, a side job he used to buy an engagement ring for his girlfriend. Then he got a $300 ticket from Atlantic City for operating without a proper license, and he quit. … Read More Read more here:: Insurance Journal       

By L.S. Howard Skuld, the Olso-based marine insurance provider, announced SMA/Gerling Norway will be renamed Skuld Marine Agency (SMA) following the company’s acquisition by Skuld. Marketing has now begun for Jan. 1, 2017 renewals on Skuld paper under the new SMA brand, the … Read More Read more here:: Insurance Journal       

By L.S. Howard It took more than two decades for nations around the world to forge an agreement to save the planet from global warming. Within one year, Donald Trump could leave it in tatters. Trump, who has said climate change is a … Read More Read more here:: Insurance Journal       

By L.S. Howard Allianz SE, Europe’s biggest insurer, said third-quarter profit rose 36 percent, helped by higher earnings at the life and health insurance unit. The shares rose. Net income increased to 1.86 billion euros ($2.03 billion) from 1.36 billion euros [$1.48 billion] … Read More Read more here:: Insurance Journal