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Dutch Insurer Aegon Eyes Acquisitions Such as Smaller Competitor ASR
Aegon NV, the Dutch insurer that generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market, according to people familiar with …

POSTED OCTOBER 23, 2017 10:49 AM
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire
Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries into the tragedy, which killed up to 80 …

POSTED OCTOBER 23, 2017 10:43 AM
Court Sides with Florida Gov in Battle Over Nursing Home Generators
Florida Gov. Rick Scott has won the first round in a legal tug-of-war over his mandate that nursing homes and assisted living facilities install generators. The 1st District Court of Appeal on Thursday rejected a legal challenge to emergency rules …

POSTED OCTOBER 23, 2017 4:13 AM
CoreLogic: Hurricane Nate Property Damage Could Top $1B
Hurricane Nate preliminary loss estimates are estimated to be between $650 million and $1.35 billion, according to CoreLogic. The loss estimates were calculated based on data analysis, total insured and uninsured loss for both residential and commercial properties, including damage …

POSTED OCTOBER 23, 2017 4:04 AM
Pratt Named Chief Agency Officer at North Carolina-Based SUNUP Insurance Services
Larry Pratt has joined SUNUP Insurance Services, headquartered in North Carolina, as the chief agency officer. Pratt will be responsible for leading agency operations for the company. He comes to SUNUP with experience in agency distribution, including extensive experience in …

POSTED OCTOBER 23, 2017 4:00 AM
Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry
The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance Commissioner Dave Jones. It also appears that standardized insurance forms …

POSTED OCTOBER 20, 2017 8:24 PM
Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies
Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies. SwissGuard insures against directors and officers liability, employment practices liability and fiduciary liability …

POSTED OCTOBER 20, 2017 4:48 PM
Brown & Brown Acquires Louisiana Employee Benefits Firm
Brown & Brown of Louisiana LLC, a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Lapeyre, Staples & Robichaux, the companies announced. Lapeyre, Staples and Robichaux, based in Houma, Louisiana, specializes in employee …

POSTED OCTOBER 20, 2017 4:46 PM
Texas Windstorm Insurance Association Request to Raise Liability Limits Disapproved
Texas Insurance Commissioner Kent Sullivan has declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA in August filed a request to increase the limits for …

POSTED OCTOBER 20, 2017 4:38 PM
Arkansas Officials: Highway Funding May Have to Wait Until 2019
Arkansas highway officials have left open the possibility they’ll take a road funding proposal to lawmakers in 2019 rather than pursue a ballot measure next year. The move comes a day after Gov. Asa Hutchinson said he would oppose any …

POSTED OCTOBER 20, 2017 4:25 PM

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