| 1. | Quiet 2013 Hurricane Season a ‘Head Scratcher’ for Embarrassed Forecasters
Sep 9, 2013 -- The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a dud so far as an unusual calm hangs over the tropics. As the season heads into ...
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| 2. | Allstate CEO Says GEICO Could Strugggle with Storefront Strategy
Sep 10, 2013 -- Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said competitor Geico could struggle to expand sales as it seeks to sell more policies at ...
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| 3. | AIG Not Renewing Reinsurance with Rival Berkshire: Source
Sep 11, 2013 -- American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett's company started a commercial insurer competing against AIG, according to a ...
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| 4. | Will Third Time Be the Charm for National Producer Licensing Bill?
Sep 12, 2013 -- Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this week overwhelmingly passed a bill (H.R. 1155 ) to streamline the insurance producer ...
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| 5. | Zurich CFO’s Suicide Followed Disagreement on Business Targets
Sep 6, 2013 -- On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the company's second-quarter ...
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| 6. | No Penalty for Employers Not Telling Employees About Obamacare
Sep 13, 2013 -- Employers will not face a penalty if they fail to inform their workers by Oct 1 about changes under President Barack Obama's healthcare law, the administration said, in what will likely come as a relief to many small ...
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| 7. | Berkshire Hathaway Specialty Names VP of Claims, Executive & Professional Lines
Sep 12, 2013 -- Berkshire Hathaway Specialty Insurance -- the recently launched commercial P/C insurance unit of Berkshire Hathaway -- continues to boost its team roster. This week it announced the appointment of Todd Greeley as vice ...
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| 8. | Houston Insurance Agent Sentenced to 10 Years in Prison
Sep 12, 2013 -- An insurance agent from Houston has been sentenced to 10 years in prison for pocketing more than $250,in customer premiums, the Texas Department of Insurance reported. TDI said McKinley Shumate, 59, of Houston was ...
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| 9. | Jersey’s Seaside Boardwalk Fire Expected to Cause Multi-Million Dollar Insurance Loss
Sep 13, 2013 -- A raging fire that destroyed dozens of businesses along the Seaside Park boardwalk in New Jersey Thursday is expected to be a multi-million dollar insurance event, an insurance expert observed.The fire, propelled by ...
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| 10. | JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M
Sep 10, 2013 -- JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that ...
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