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News – Insurance Journal
Insurance Office of America Merges with New Jersey’s RDA Benefit Services
Insurance Office of America (IOA) has merged with New Jersey-based RDA Benefit Services, owned by Bob and Nancy Damato. The merger became effective Jan. 1, 2020, and further adds to IOA’s growing team in the Northeast region. RDA has served …
POSTED FEBRUARY 18, 2020 1:35 PM |
Massachusetts Chemical Plant Re-Opens a Day After a Series of Explosions
A Massachusetts chemical manufacturing plant re-opened Friday, a day after at least six explosions at the facility forced workers to evacuate and blew a hole in the roof. Seqens North America, formerly PCI Synthesis, in Newburyport, in a statement Friday …
POSTED FEBRUARY 18, 2020 1:28 PM |
Suit Alleges Ex-Pharmacist in Pennsylvania Fired for Not Trying Medical Marijuana
A former Pennsylvania pharmacist is suing the medical marijuana dispensary where she worked on allegations she was fired after refusing to illegally sample the shop’s products. Carol Kopiak, of Wilkes-Barre, filed a lawsuit Wednesday against her former employer Justice Grown, …
POSTED FEBRUARY 18, 2020 1:25 PM |
Facing Hundreds of Abuse Claims, Boy Scouts of America Files for Bankruptcy
The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades. The bankruptcy is not expected to affect the organization’s programs, which …
POSTED FEBRUARY 18, 2020 1:11 PM |
QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring
QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …
POSTED FEBRUARY 18, 2020 12:34 PM |
Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance
Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …
POSTED FEBRUARY 18, 2020 12:04 PM |
Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV
Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since 2002. Storm Sabine, which was known …
POSTED FEBRUARY 18, 2020 11:13 AM |
Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific
Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and other approvals. PMAP is …
POSTED FEBRUARY 18, 2020 10:45 AM |
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus
China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …
POSTED FEBRUARY 18, 2020 9:47 AM |
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources
Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people familiar with the matter. Great Eastern, which …
POSTED FEBRUARY 18, 2020 9:06 AM |
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