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News – Insurance Journal

AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings …

POSTED JANUARY 23, 2018 6:00 AM
If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public
Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept. “I’m working with this company and this is what they’re going …

POSTED JANUARY 23, 2018 6:00 AM
Report: West Virginia Controlled Substance Dispensing Down 11.7% in 2017
A West Virginia board report says state pharmacies dispensed 31 million fewer controlled substances last year, a trend the board’s acting chief says is due to heightened awareness about prescription medication overdose deaths. The Charleston Gazette-Mail reports the decline was …

POSTED JANUARY 23, 2018 5:56 AM
Good2Go Auto Insurance to Offer Distracted Driving App Through LifeSaver
Good2Go Auto Insurance, Inc., has partnered with mobile software provider LifeSaver to fight distracted driving. Good2Go Auto Insurance’s direct policyholders now have access to the The LiveSaver mobile app to help ignore the urge to use their phones while driving. …

POSTED JANUARY 23, 2018 5:45 AM
Alabama-Based ProAssurance Promotes Rand to Chief Operating Officer
ProAssurance Corporation, based in Birmingham, Ala., has promoted Edward L. “Ned” Rand, Jr. to chief operating officer. In this newly created position, Rand will be responsible for the day-to-day operations of ProAssurance, reporting directly to Stan Starnes, chairman and chief …

POSTED JANUARY 23, 2018 5:21 AM
Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia
Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property & casualty strategy across the country through a growing network of offices …

POSTED JANUARY 23, 2018 5:15 AM
Employees Missing After Oklahoma Drilling Rig Fire
Drilling contractor Patterson-UTI said some of its employees were missing on Monday after a fire at one of its drilling rigs in Pittsburg County, Oklahoma. The company said it had activated its emergency response systems and was cooperating with first …

POSTED JANUARY 23, 2018 12:43 AM
NFP Names Wadsworth Vice President for Corporate Benefits in Utah
NFP has named Clint Wadsworth vice president for corporate benefits. Wadsworth has been assigned to oversee and help lead the corporate benefits strategy within NFP’s existing large employer segment. Wadsworth will help support NFP’s relationships in the Utah Market. Wadsworth …

POSTED JANUARY 22, 2018 7:50 PM
Leavitt Central Coast Insurance Services Acquires Pulford in California
Pulford Insurance Agency has been acquired by Leavitt Central Coast Insurance Services. The merger will not affect customer policies, and the same personnel will continue to serve clients, now at the LCCIS location in Salinas, Calif. Terms of the deal …

POSTED JANUARY 22, 2018 7:26 PM
Homes Destroyed, Power Outages in Texas Storm
Heavy thunderstorms produced hail and possible tornadoes in northeast Texas on Sunday night, with the communities of DeKalb and Winnsboro hardest hit, according to the Insurance Council of Texas. In DeKalb, a possible tornado struck the city’s south side causing …

POSTED JANUARY 22, 2018 5:29 PM

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