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Increase in California Workers’ Comp Pure Premium Sent to Department of Insurance
The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2018 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.01 per $100 of payroll. That WCIRB’S proposed rate is 14.3 …

POSTED AUGUST 18, 2017 7:06 PM
Georgia Fines Company Behind Deadly Leak at Sperm Bank $302K
A deadly February 2017 industrial gas leak at a sperm bank in Augusta, Ga. was caused by the over-pressurization of a bulk storage tank, according to findings from an investigation by state inspectors released Thursday by Insurance and Safety Fire …

POSTED AUGUST 18, 2017 4:57 PM
Liotta Named Chairman of Oklahoma Workers’ Compensation Commission
Gov. Mary Fallin has named Mark Liotta as chairman of the Oklahoma Workers’ Compensation Commission. Liotta, a former state representative from Tulsa, succeeds Robert Gilliland, whose term on the commission expires Aug. 25. Liotta’s appointment as chairman takes effect Aug. …

POSTED AUGUST 18, 2017 4:44 PM
Federal Appeals Court Voids Exxon Pipeline Safety Order
An appeals court has voided an order that would have required Exxon Mobil to revise its pipeline safety procedures after a 2013 oil spill in Arkansas. The Pipeline and Hazardous Materials Safety Administration issued the order in 2015, and it …

POSTED AUGUST 18, 2017 4:40 PM
Wisconsin Officials: State Law Prevents Fire Sprinkler Rule Enforcement
Wisconsin officials say a state law prevents them from enforcing a fire sprinklers rule that fire officials say is one of the best ways to save lives. The 7-year-old rule requires sprinklers be installed into new apartment buildings that have …

POSTED AUGUST 18, 2017 4:38 PM

IBR - Commercial lines News

Allianz, LV= agree to create UK's third largest personal insurer
German insurance giant Allianz has agreed to create a joint venture (JV) with UK rival Liverpool Victoria Friendly Society (LV=) to create a personal insurer in Britain.

POSTED AUGUST 07, 2017 12:37 PM
Travelers closes acquisition of Simply Business
The Travelers Companies closed the previously announced acquisition of Simply Business, a provider of small business insurance policies in the UK.

POSTED AUGUST 06, 2017 11:00 PM
Aviva signs ten-year general insurance deal with HSBC
Aviva has signed a ten-year distribution agreement in the UK with HSBC, to offer a range of general insurance products in the country.

POSTED AUGUST 04, 2017 12:05 PM
Genpact acquires OnSource
Genpact has acquired OnSource, a provider of an Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers.

POSTED AUGUST 01, 2017 11:00 PM
Nexus to acquire trade credit insurer Equinox Global
Nexus Group, a specialty Managing General Agent (MGA), has acquired Lloyd’s coverholder Equinox Global and all its group companies for an undisclosed price.

POSTED JULY 18, 2017 6:45 AM

IBR - Personal Lines News

Staysure acquires travel insurer Avanti
Staysure has acquired rival travel insurance company Avanti.

POSTED AUGUST 17, 2017 1:39 PM
Aviva signs ten-year general insurance deal with HSBC
Aviva has signed a ten-year distribution agreement in the UK with HSBC, to offer a range of general insurance products in the country.

POSTED AUGUST 04, 2017 12:05 PM
Great-West Lifeco subsidiary acquires Financial Horizons Group
The Great-West Life Assurance Company, a subsidiary of Great-West Lifeco, has closed its acquisition of Financial Horizons Group, a participant in the independent Managing General Agency (MGA) sector of the Canadian market.

POSTED JULY 31, 2017 11:00 PM
Maryland prohibits Evergreen Health from selling insurance policies
Maryland Insurance Commissioner Al Redmer, Jr. has stamped an order which prohibits Evergreen Health from making any disbursement, payment or transfer of assets without prior consent of the Commissioner.

POSTED JULY 30, 2017 11:00 PM
Aetna acquires health insurance provider Bupa Thailand
Aetna has acquired health insurance provider Bupa Thailand, a unit of Bupa group’s Thai business, for an undisclosed sum.

POSTED JULY 28, 2017 5:08 AM

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