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News – Insurance Journal

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
Top 10 Stolen Vehicles: Older Models Most Vulnerable
Hondas that are 10 and 11-years old and even older Ford and Chevrolet pick-ups top the list of the most stolen vehicles in the U.S. in 2017. The National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, which …

POSTED SEPTEMBER 18, 2018 2:02 PM
Three Struck by Train, One Killed in Delaware
A woman has been killed and two men have been critically injured after being struck by a train in Delaware. Police in Georgetown say the three were hit by a Carload Express train early Sunday morning as they walked on …

POSTED SEPTEMBER 18, 2018 2:00 PM
Official Says Pressure Sensors Are Focus of Massachusetts Gas Explosions Probe
The investigation into the Boston, Mass.-area natural gas explosions is partially focused on pressure sensors that were connected to a gas line that was being taken out of service shortly before the blasts, the head of the National Transportation Safety …

POSTED SEPTEMBER 18, 2018 1:37 PM
National Alliance Names Hold CEO; Will Also Succeed Father as President in 2 Years
The Austin-based insurance education organization the National Alliance for Insurance Education & Research has appointed William J. Hold as chief executive officer. He will assume the day-to-day leadership of the organization effective immediately and will assume the presidency in two …

POSTED SEPTEMBER 18, 2018 1:19 PM

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