Insurance Roundup, August 3, 2017

Global Risk Insights

Claims Journal

  • State Agency Seeks $16K Fines After Deadly Vegas-Area Track Crash

    on 2017-08-03 at 14:15Nevada safety officials are recommending fines of $16,000 against a tourist-oriented exotic auto track near Las Vegas where a Canadian man and an instructor died in a fiery crash of a high-performance Lamborghini in February. The state Occupational Safety and […]

  • Officials Not Ready Yet Despite Arkansas Law Saying 75 MPH Speed Limit OK

    on 2017-08-03 at 14:10While a new Arkansas law that took effect Tuesday authorizes speeds of up to 75 mph on some major highways, state highway officials said, “Not so fast.” Engineers are still studying road designs and traffic patterns to determine whether Arkansas […]

  • People News: EagleView, Vanguard Claims Administration, Arbella

    on 2017-08-03 at 08:39EagleView Promotes Cook to Oversee Insurance Claims and Underwriting Technology EagleView Technologies, a provider of aerial imagery and data analytics for government, insurance and commercial sectors, has promoted Kenneth Cook, CPCU, CLU, ChFC, to senior vice president of EagleView OnSite […]

  • Navigating The Anti-Subrogation Rule

    on 2017-08-03 at 08:39Subrogation is the legal doctrine which allows one party, usually an insurance company, that pays a loss by its insured which was caused by a third party, to take over the rights of its insured against the third party and […]

  • Officials Bar Annual New York Lake Party 1 Year After Death

    on 2017-08-03 at 08:20Authorities closed off a popular bay on an Adirondack lake to boaters Monday, scuttling an annual alcohol-fueled party from being held there a year after a fatal boat crash followed the New York event last summer. Dave Wick, executive director […]

Insurance Journal

  • Teen Drivers Become More Reckless After Few Years Behind Wheel

    by Andrew G. Simpson on 2017-08-03 at 13:45U.S. teenagers are more reckless after their first few years of driving, often becoming overconfident in their abilities and putting themselves at higher risk for accidents, a new study shows. More than half of high school seniors have car accidents […]

  • AIG’s Q2 Results Feature Expense Savings, Consumer Business

    on 2017-08-03 at 13:34Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017 compared to $1.3 billion. Net income came […]

  • New Hampshire’s Optisure Risk Partners Hires Eifert

    on 2017-08-03 at 13:17Optisure Risk Partners, a Manchester, N.H.-based insurance broker, has hired Randy Eifert as senior vice president of its Private Client Group and as Risk Management Practice leader. Eifert will provide executive leadership and support company-wide in personal and commercial lines […]

  • Massachusetts’ Arbella Insurance Group Promotes Jansky

    on 2017-08-03 at 13:08The Arbella Insurance Group, a Quincy, Mass.-headquartered regional property and casualty insurance company, has appointed Karen Jansky as director of application development in information technology. Reporting to Matthew Postulka, assistant vice president of information technology, Jansky will […]

  • New York Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance

    by Elizabeth Blosfield on 2017-08-03 at 13:03New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. The New […]

Asia Insurance Review

  • Half of ASEAN among world’s top 20 most costly locations for international health insurance

    on 2017-08-03 at 22:35Five Southeast Asian countries are ranked among the top 20 most expensive locations for international health insurance this year, according to Pacific Prime’s latest “Cost of Health Insurance Report”. All five have become more expensive than in 2016. […]

  • China: Sinosure provides US$1.5 bln guarantee in Iranian rail project

    on 2017-08-03 at 22:35Sinosure, which is the China Export & Credit Insurance Corporation, is guaranteeing a US$1.5-billion loan to be provided by Iran’s Bank of Industry and Mine to finance the electrification of a 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province. […]

  • India: Life business to continue growth momentum in FY18

    on 2017-08-03 at 22:35The Indian life insurance industry is expected to log a growth of 15-18% in the current fiscal year ending March 2018 (FY2018) in terms of annual premium equivalent (APE), said a senior official at credit rating agency ICRA. […]

  • Asia Pacific: Guy Carpenter appoints new men to helm the region

    on 2017-08-03 at 22:35Guy Carpenter, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, yesterday announced that Mr Tony Gallagher has been appointed CEO of the Asia Pacific Region, with immediate effect. In addition, Mr Richard Jones has been promoted to […]

  • Singapore: Appeal Board upholds penalty levied on financial adviser

    on 2017-08-03 at 22:35The Competition Appeal Board (CAB) has dismissed an appeal of IPP Financial Advisers and ordered the firm to pay the financial penalty of S$239,851 (US$176,438) imposed by the Competition Commission of Singapore (CCS) together with interest and costs of the appeal. […]

Canadian Underwriter

Canadian Insurance Top Broker

Insurance Business Magazine – US


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