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Archive for the Insurance Industry News1 Category

National General to acquire Century-National Insurance for $315 million

National General to acquire Century-National Insurance for $315 million

National General Holdings Corp. announced that it will acquire Century-National Insurance Company, a California-based property and casualty underwriter. The purchase price for the transaction is expected to be about $315 million. Century-National predominantly underwrites homeowners, personal auto, and commercial auto liability, but also offers fire and allied […]

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Patriot National acquires Virginia-based wholesale brokerage

Patriot National acquires Virginia-based wholesale brokerage

Patriot National has acquired Mid Atlantic Insurance Services, a wholesale brokerage firm and program administrator that provides standard and unique program commercial property and casualty insurance lines through agents in 38 states. Mid Atlantic is based in Richmond, Va. Terms of the transaction were not disclosed. The […]

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Maryland extends deadline for health insurance enrollment due to storm

Maryland extends deadline for health insurance enrollment due to storm

Posted: February 1, 2016 The Maryland Health Benefit Exchange has extended its deadline for residents to enroll for health insurance because of the record-breaking snowstorm. Under President Obama’s signature legislation, the Affordable Care Act, Americans had until Sunday, Jan. 31, to sign up for health insurance or face […]

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Cyber coverage source of concern for U.S. utilities after Ukraine grid attack

Cyber coverage source of concern for U.S. utilities after Ukraine grid attack

Posted: February 1, 2016 U.S. utilities are looking hard at their cyber vulnerabilities and whether they can get insurance to cover what could be a multi-billion dollar loss after hackers cut electric power to more than 80,000 Ukrainians in December. The Dec. 23 incident in Ukraine was the […]

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Wisely named head of programs for Hiscox USA

Wisely named head of programs for Hiscox USA

Posted: January 27, 2016 Hiscox, a global specialty insurer based in New York City, appointed Rick Wiseley as head of programs for its fast-growing Hiscox USA business unit. Wiseley will be based in New York. Hiscox USA works with program administrators to develop programs business in a range […]

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Serious workplace injuries cost U.S. employers $62 billion annually: Liberty Index

Serious workplace injuries cost U.S. employers $62 billion annually: Liberty Index

Posted: January 27, 2016 Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers nearly $62 billion in 2013, the most recent year for which statistically valid injury data is available from the U.S. Bureau of Labor Statistics (BLS) and […]

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Allianz Global launches crisis management division in North America

Allianz Global launches crisis management division in North America

Posted: January 27, 2016 Allianz Global Corporate & Specialty (AGCS) announced the launch of its Crisis Management division to assist its North American clients in preventing, preparing for and recovering from crisis incidents. Marcos Garcia Norris has been named crisis management regional practice group leader, North America, based […]

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BerkleyNet to open new headquarters in Northern Virginia

BerkleyNet to open new headquarters in Northern Virginia

Posted: January 27, 2016 BerkleyNet, a member company of W. R. Berkley Corporation that provides workers’ compensation insurance through the internet, announced plans to relocate more than 125 employees to a new corporate headquarters at Innovation Park in Prince William County, Va. BerkleyNet’s current headquarters is located in […]

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Fidelity Investments launches online health insurance marketplace

Fidelity Investments launches online health insurance marketplace

Posted: January 27, 2016 Fidelity Investments, the nation’s second-largest mutual fund company, has launched an internet-based marketplace for health insurance and other employee benefits for small- and mid-size companies. Fidelity Health Marketplace is designed to offer a one-stop access to health and wellness benefits for the firms and […]

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Pennsylvania personnel and company announcements: January 28, 2016

Pennsylvania personnel and company announcements: January 28, 2016

Personnel and company news – new hires, promotions, awards – from across the state. Submit your news here. Ironshore Insurance Services named Emily C. Merola branch executive of the Western Pennsylvania and West Virginia region to lead development efforts in the newly established Pittsburgh office. Merola will be responsible for distribution marketing […]

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