Archive for December 2016

The Academy of Art University in San Francisco has agreed to a $60 million settlement with the city aimed at bringing the school’s many illegally converted buildings into compliance with local rules. The San Francisco Chronicle reported that the deal … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge … Read More Read more here:: Insurance Journal       

QBE North America, an operating division of global insurer QBE Insurance Group Limited, has appointed Kris L. Hill as chief financial officer. Hill will assume her new role effective January 17, 2017 and also serve as a member of the … Read More Read more here:: Insurance Journal       

The current owners of several insurance agencies, Patrick Maguire and Paul Tracy, acquired ownership of BroGue Insurance & Financial Services in Bangor, Maine, on November 1, 2016. Established in Bangor in 1983, BroGue Insurance & Financial Services is an independent … Read More Read more here:: Insurance Journal       

By Don Jergler California Attorney General Kamala Harris has told Uber Technologies Inc. to pull its self-driving cars from San Francisco’s streets or it will seek a court order forcing it do so, saying the ride-hailing company needs a permit under autonomous vehicle … Read More Read more here:: Insurance Journal       

By L.S. Howard QBE Insurance Group Ltd. announced the appointment of Pat Regan as CEO, Australian & New Zealand Operations, effective March 1, 2017. Regan has been acting in this role since August 2016 in addition to his responsibilities as group chief financial officer. … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson QBE North America has appointed Kris L. Hill as chief financial officer. Hill will assume her new role effective January 17, 2017, and also serve as a member of the QBE North America Executive Management Board. She will be based … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson JLT Re said it has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability. StoneHill, which is based in Minneapolis, will form part of JLT Re (North America). Terms of the deal were not disclosed. StoneHill was … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Taxpayers will fork over nearly $10 billion more next year to cover double-digit premium hikes for subsidized health insurance under President Barack Obama’s law, according to a study released Thursday. The analysis from the Center for Health and Economy comes … Read More Read more here:: Insurance Journal