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Motorhome Hire NewsU.S. Prosecutors Weigh Using Racketeering Law Against SAC U.S. prosecutors are considering charging Steven A. Cohen’s SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the Racketeer Influenced and … The article U.S. Prosecutors Weigh Using Racketeering Law Against SAC appeared first on Insurance Journal. U.S. Spending on Specialty Medications Will Rise 67%: Report Spending in the U.S. on specialty drugs used to treat serious diseases is projected to increase 67 percent by the end of 2015, according to a forecast by pharmacy benefit management firm Express Scripts. Specialty medicines are those used to … The article U.S. Spending on Specialty Medications Will Rise 67%: Report appeared first on Insurance Journal. Employer Contraception Mandate Headed to Court for Ban Ruling The U.S. law requiring employers to provide health insurance coverage for birth control is set to come before an appeals court in cases brought by two businesses whose owners say they operate according to Catholic doctrine. The businesses, a construction … The article Employer Contraception Mandate Headed to Court for Ban Ruling appeared first on Insurance Journal. Jacobson Completes Merger with UK’s ejsSearch The Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch – the London-based insurance executive search firm specializing in assignments in London and broader European and international markets — have completed their merger agreement. The two firms … The article Jacobson Completes Merger with UK’s ejsSearch appeared first on Insurance Journal. Best Requests Comments on Draft Criteria: Rating Reinsurance Pools A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, “Rating Reinsurance Pools.” Best explained that it “defines a reinsurance pool as any entity, agent or contractual agreement, … The article Best Requests Comments on Draft Criteria: Rating Reinsurance Pools appeared first on Insurance Journal. Best Affirms Montpelier Re and Holding Co. Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Montpelier Reinsurance Ltd. As well as the ICR of “bbb” and debt ratings of the parent company, Montpelier Re Holdings … The article Best Affirms Montpelier Re and Holding Co. Ratings; Outlook Stable appeared first on Insurance Journal. Daucourt Joins XL Group as COO Int’l. Property/ Casualty XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in the ongoing development and execution of its strategy and … The article Daucourt Joins XL Group as COO Int’l. Property/ Casualty appeared first on Insurance Journal. Aon Benfield’s Impact Forecasting Launches Tools to Quantify Cat Models Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of tools, designed to “easily quantify uncertainties in catastrophe models across all perils and territories.” The bulletin explained that “devastating events, such as the … The article Aon Benfield’s Impact Forecasting Launches Tools to Quantify Cat Models appeared first on Insurance Journal. S&P Affirms AXIS Capital and Subs Ratings; Outlook Stable Standard & Poor’s Ratings Services has affirmed its ‘A-’ counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd., as well as the ‘A+’ counterparty credit and financial strength ratings on its core operating subsidiaries (collectively, AXIS). The outlook … The article S&P Affirms AXIS Capital and Subs Ratings; Outlook Stable appeared first on Insurance Journal. Willis ILS Report: Q1 2013 Sees $1.6 Billion in New Cat Bond Issuance The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis … The article Willis ILS Report: Q1 2013 Sees $1.6 Billion in New Cat Bond Issuance appeared first on Insurance Journal. Liberty Mutual Appoints Northeast Division VP for Commercial Insurance Liberty Mutual Insurance’s Commercial Insurance business unit announced that Patrick Tully has been appointed vice president and managing director of distribution in the Northeast division of its national insurance operation. Based in the company’s New York City office, Tully will … The article Liberty Mutual Appoints Northeast Division VP for Commercial Insurance appeared first on Insurance Journal. N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil Goldfeder (D-Rockaway Park). “In the … The article N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses appeared first on Insurance Journal. Oklahoma Tornado Damage Likely to Exceed Joplin – Commissioner The damage from Monday’s tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John Doak said. In an interview with Reuters after … The article Oklahoma Tornado Damage Likely to Exceed Joplin – Commissioner appeared first on Insurance Journal. Gene Eisenmann, Excess and Surplus Lines Industry Leader, Passes Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built companies, … The article Gene Eisenmann, Excess and Surplus Lines Industry Leader, Passes appeared first on Insurance Journal. DriveID Can Block or Track Driver’s Mobile Use Fleet managers and parents of teenager drivers were given another weapon in their battle against distracted driving on Tuesday. That’s according to Cellcontrol, the maker of technology to stop distracted driving. The Baton Rouge, La.-based company unveiled its driver identification … The article DriveID Can Block or Track Driver’s Mobile Use appeared first on Insurance Journal. Update: Oklahoma Tornado Was EF5 A new assessment by the National Weather Service indicates peak winds in the tornado that hit the Newcastle/Moore Okla., area on May 20 reached the 200 mph to 210 mph range, putting it into the classification of an EF5 event. … The article Update: Oklahoma Tornado Was EF5 appeared first on Insurance Journal. McDonald-Leavitt Names Heglin Benefits Specialist in California Santa Rosa, Calif.-based McDonald-Leavitt Insurance Agency named Steve Heglin as a benefits specialist. Prior to joining the agency he worked for MetLife. Heglin previously owned a real estate appraisal company. McDonald-Leavitt Insurance Agency is part of the Leavitt Group. The article McDonald-Leavitt Names Heglin Benefits Specialist in California appeared first on Insurance Journal. Connecticut Court Rules That Lawyers Can’t Be Sued for Fraud The state Supreme Court has ruled in an ex-NFL player’s case that Connecticut lawyers can’t be sued for fraud for their conduct in court cases because of a centuries-old legal doctrine. The court’s 5-1 decision came in the case of … The article Connecticut Court Rules That Lawyers Can’t Be Sued for Fraud appeared first on Insurance Journal. Vermont Mutual Insurance Promotes Chicoine to VP of Human Resources Vermont Mutual Insurance Group, based in Montpelier, Vt., announced that Susan Chicoine has been promoted to vice president of human resources.Chicoine has 25 years of experience working in the human resources field. Prior to joining Vermont Mutual Insurance Group as … The article Vermont Mutual Insurance Promotes Chicoine to VP of Human Resources appeared first on Insurance Journal. Maine Legislature Votes Down Vacant Property Insurance Bill The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (“An Act to Clarify Limitations on Homeowner’s Insurance Policies Regarding … The article Maine Legislature Votes Down Vacant Property Insurance Bill appeared first on Insurance Journal. Storms Generate Iowa Tornado Damage, No Injuries A storm system carrying high wind, hail and Iowa’s first tornadoes in nearly a year moved through the state Sunday, damaging some homes and knocking out power to thousands. No one was injured. Iowa had gone 358 consecutive days without … The article Storms Generate Iowa Tornado Damage, No Injuries appeared first on Insurance Journal. Insurer Group Mostly Happy with Missouri Legislative Session The Missouri General Assembly made big strides this year towards modernizing how policyholders can access information associated with their insurance policy, according to the Property Casualty Insurers Association of America (PCI). The General Assembly passed SB 322 which allows consumers … The article Insurer Group Mostly Happy with Missouri Legislative Session appeared first on Insurance Journal. PURE Introduces Auto Insurance Option to Massachusetts Drivers Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability … The article PURE Introduces Auto Insurance Option to Massachusetts Drivers appeared first on Insurance Journal. Tighter Indiana Drunken Driving Law Seems Unlikely Some key Indiana legislators don’t expect the state to adopt a federal safety board’s recommendation that the threshold for drunken driving be cut nearly in half. The National Transportation Safety Board said in its proposal last week that drunken-driving deaths … The article Tighter Indiana Drunken Driving Law Seems Unlikely appeared first on Insurance Journal. Utah Workers Comp Fund Distributes $8 Million Dividend The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May. Policyholders can expect to receive 5 percent of their 2012 earned premium. With this distribution, WCF will have … The article Utah Workers Comp Fund Distributes $8 Million Dividend appeared first on Insurance Journal. The Main Street America Group Expands Commercial Products into Wisconsin The Main Street America Group has introduced its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Austin Mutual Insurance Co. throughout the state of … The article The Main Street America Group Expands Commercial Products into Wisconsin appeared first on Insurance Journal. XL Group Launches New Motor Cargo Truck Coverage XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional coverages, 22 optional endorsements, multiple reporting options and payment … The article XL Group Launches New Motor Cargo Truck Coverage appeared first on Insurance Journal. Bill Ensures Paid Family Leave For California Workers California businesses would be prohibited from firing or retaliating against employees who take advantage of the state’s paid family leave program under a job-protection bill moving through the Legislature. The legislation would protect workers who use the California Paid Family … The article Bill Ensures Paid Family Leave For California Workers appeared first on Insurance Journal. ‘Major Disaster’ Declared in Wake of Deadly Oklahoma Tornadoes An estimated EF4 tornado with a wind range of up to 200 mph roared through the Oklahoma City suburb of Moore, Okla., on May 20, leaving behind massive devastation and at least 24 confirmed dead. Earlier media reports indicated as … The article ‘Major Disaster’ Declared in Wake of Deadly Oklahoma Tornadoes appeared first on Insurance Journal. Proposed California Measure Requires Doctor Drug Tests A proposed state ballot measure in California would require doctors to be randomly subjected to drug and alcohol testing. The San Francisco Chronicle reported the “Pee in the Cup” initiative is being pushed by Bob Pack, a technology mogul and … The article Proposed California Measure Requires Doctor Drug Tests appeared first on Insurance Journal. |
