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News – Insurance Journal
After Florence Floods, Uninsured Awaken to Painful Reality
Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end …
POSTED SEPTEMBER 19, 2018 5:25 AM |
North Carolina Sets Up Insurance Camps, Victim Assistance Centers With FEMA, NFIP
Consumer assistance centers and insurance camps have been set up in areas of North Carolina affected by Hurricane Florence, according to a statement from North Carolina Insurance Commissioner Mike Causey. “We are going in to flood-ravaged areas to assist people …
POSTED SEPTEMBER 19, 2018 5:11 AM |
Democrats Want Trump Labor Board Member’s Recusal on Union Email Rule
Democratic U.S. senators led by Elizabeth Warren of Massachusetts urged a Trump administration labor board appointee to recuse himself from a case that could end up being a big victory for corporations trying to make it harder for workers to …
POSTED SEPTEMBER 19, 2018 5:00 AM |
Alliant Acquires Harbor Group Consulting of Miami
Alliant Insurance Services has acquired Harbor Group Consulting, a national insurance advisory for commercial real estate loans. Miami-based Harbor Group will join Alliant’s growing real estate practice, adding new resources and capabilities to Alliant’s risk and insurance platform. Founded in …
POSTED SEPTEMBER 19, 2018 5:00 AM |
Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal
Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 and he sensed an opening, …
POSTED SEPTEMBER 18, 2018 7:00 PM |
California Commissioner Sues Biopharma Giant AbbVie Alleging Illegal Kickbacks in Promoting HUMIRA
California Insurance Commissioner Dave Jones on Tuesday filed an insurance-fraud complaint in Alameda County Superior Court on behalf of the state against AbbVie Inc. alleging the company gave illegal kickbacks to healthcare providers to prescribe HUMIRA, which Jones classified as …
POSTED SEPTEMBER 18, 2018 6:37 PM |
Tower Hill Specialty Expands Homeowners Products into Alabama
Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill Specialty now offers homeowners, dwelling fire, manufactured housing and …
POSTED SEPTEMBER 18, 2018 4:45 PM |
Duke Restores Power to 1.2 Million in Carolinas as Florence Heads North
Duke Energy Corp., the biggest utility in the Carolinas, has faced a three-front war as it battles back against the wet and dangerously wild effects of Hurricane Florence. The company restored power to almost 80 percent of customers who went …
POSTED SEPTEMBER 18, 2018 4:31 PM |
Global Insurers in Mood to Take on New Investment Risks
Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan to increase portfolio risk exposure over the …
POSTED SEPTEMBER 18, 2018 2:49 PM |
Dentists Benefits Insurance, Northwest Dentists to Merge With Parent TDIC in California
Dentists Benefits Insurance Co. and Northwest Dentists Insurance Co., acquired by Sacramento, Calif.-based The Dentists Insurance Co. in 2017, plan to merge with their parent company, TDIC. The change is effective Jan. 1, 2019, upon regulatory approval. DBIC and NORDIC …
POSTED SEPTEMBER 18, 2018 2:35 PM |
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