Archive for December 2016

By Andrew G. Simpson Christmas is right around the corner, meaning that the time has come for the usual passel of lawsuits and threats of lawsuits, of bitter division over words and symbols — in short, of all the usual trimmings of the season. … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Pay-per-mile auto insurer Metromile has announced a new automated claims service that allows customers to file a claim entirely from their mobile phone or online dashboard. The insurer says some claims can be resolved within an hour. Customers can also … Read More Read more here:: Insurance Journal       

By L.S. Howard SCOR announced the launch of a new three-year contingent capital facility, which provides the group with €300 million ($319 million) coverage in case of an extreme natural catastrophe or life events affecting mortality. SCOR said the facility takes the form … Read More Read more here:: Insurance Journal       

The MEMIC Group, the Portland, Maine, headquartered workers’ compensation insurer, has announced the retirement of its founding President and CEO, John T. Leonard, effective September of 2017. Leonard serves as the first and only president and CEO in the history … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The U.S. Supreme Court on Wednesday agreed to decide whether to limit where patent lawsuits may be filed, potentially threatening a years-long trend that critics say allows frequent and often-baseless litigants to sue in courts friendly to them. The justices … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued an interim final rule (IFR) revising pipeline safety regulations to address safety issues related to underground natural gas storage facilities. The IFR followed recommendations by a U.S. interagency task force … Read More Read more here:: Insurance Journal       

By Don Jergler Uber Technologies Inc. continues to dive head first into autonomous vehicles. Just don’t call them that in California. Starting today, Uber is letting customers in San Francisco hop in a self-driving car, if they’re lucky enough to hail one. There’s … Read More Read more here:: Insurance Journal       

Great American Insurance Group announced that Michael E. Sullivan Jr. has been promoted to executive vice president and David L. Thompson Jr. has been promoted to senior vice president within its property/casualty operations, effective January 1, 2017. In his expanded … Read More Read more here:: Insurance Journal       

Preparing to capitalize on merger and acquisition (M&A) activity in 2017, XL Catlin continued to build out its global M&A insurance team with the appointments of Joseph W. Laws and Michael J. McGowan as directors of M&A Insurance in North … Read More Read more here:: Insurance Journal