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Two of the Oldest Statewide Insurance Trade Groups in U.S. Launch New Brands
The Independent Insurance Agents & Brokers of New Jersey (IIABNJ) and The Independent Insurance Agents & Brokers of New York (IIABNY) launched new brands today for their respective associations. IIABNJ became Big I New Jersey and IIABNY is now also …

POSTED SEPTEMBER 25, 2017 2:55 PM
RMS Names Dailey to Lead U.S. Inland Flood Model in California
RMS has named Pete Dailey vice president to lead flood model development in its California headquarters. Dailey will oversee the upcoming release of the RMS U.S. Inland Flood Mode, and he will lead the development of modeling tools. Dailey, an …

POSTED SEPTEMBER 25, 2017 2:50 PM
CNA Names Dasher Underwriting VP for Small Business
Commercial lines insurer CNA has announced the appointment of Greg Dasher to vice president of underwriting for its Small Business segment. Dasher will be responsible for the small business segment’s strategic and operational underwriting objectives. Dasher is based in Chicago …

POSTED SEPTEMBER 25, 2017 2:34 PM
AIG Restructures Again; Commercial Lines CEO Schimek to Leave
American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The company will no longer have Commercial and Consumer segments. Instead, General Insurance and Life & …

POSTED SEPTEMBER 25, 2017 2:20 PM
Note to Texas, Florida: Insurance Fights Over Sandy Rage On
The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas, Florida and elsewhere should brace themselves for a similar fight, …

POSTED SEPTEMBER 25, 2017 1:27 PM
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook
S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The rating on ORESA is based on an explicit guarantee provided by Odyssey Reinsurance Co., which has an ‘A-‘ …

POSTED SEPTEMBER 25, 2017 1:27 PM
Two Workers Die in Separate New York Building Construction Site Falls
Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the morning at a residential high-rise construction site in the financial district. Juan Chohillo …

POSTED SEPTEMBER 25, 2017 1:15 PM
Woman Dies in New Jersey After Getting Caught in Jose-Spawned Rip Current
Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this week has died. Asbury Park police say 42-year-old Erin Higgins, of Harriman, and 54-year-old Ronald Renshtie, of Wallkill, New York, …

POSTED SEPTEMBER 25, 2017 1:03 PM
Lloyd’s Broker AFL Creates Energy Practice Led by Quick & Pearce from Tysers
AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce. AFL’s energy practice will serve both AFL’s clients and customers from other independent brokers connected to AFL through the …

POSTED SEPTEMBER 25, 2017 11:45 AM
Japan Post’s Stock Sale Raises $11B, but Demand Is Subdued
A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at …

POSTED SEPTEMBER 25, 2017 10:54 AM

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