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Southeast News – Insurance Journal

Ratings Agencies Disagree Over Financial Strength of Florida Family Insurance Co.
The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer. However, ratings agency Demotech says it …

POSTED JANUARY 23, 2020 7:38 AM
Reports: Florida Real Estate Could Lose $80B in Value from Sea Rise
Flooding due to climate change-related sea level rising, the erosion of natural barriers and long-periods of rain pose substantial economic risks to Florida, particularly to the value of South Florida real estate, according to two new reports released last week. …

POSTED JANUARY 23, 2020 6:30 AM
BMS Group Appoints Kohonen as Senior Vice President in Atlanta
BMS Group, the independent specialist (re)insurance broker, has appointed Jani Kohonen as senior vice president and Atlanta branch manager, effective on Jan. 29, 2020. He will be based in Atlanta and reports to Pete Chandler, president & CEO of BMS …

POSTED JANUARY 23, 2020 5:14 AM
North Carolina Captive Insurance Program Continued Growth in 2019
The North Carolina Department of Insurance Captive Insurance Program continued its steady growth in 2019, according to a statement from NCDOI. As of Dec. 31, 2019, NCDOI had licensed (including provisional) 318 captive insurers and approved (including conditional) 592 cells …

POSTED JANUARY 22, 2020 5:58 PM
Demotech: Louisiana’s Centauri National Insurance to Keep ‘A’ FSR
Demotech Inc. said the Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. is being sustained based upon its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co. Centauri National …

POSTED JANUARY 22, 2020 5:49 PM
North Carolina Awarded $281M for Hurricane Damage by Army Corps
The Army Corps of Engineers will award $281 million to a North Carolina city and county heavily impacted by Hurricanes Matthew and Florence. The Corps will release $237 million to Surf City/ North Topsail Beach and $44.5 million to Carteret …

POSTED JANUARY 22, 2020 6:12 AM
Earthquake Felt in Eastern Tennessee, Kentucky
A small earthquake hit East Tennessee on Monday, officials said. The U.S. Geological Survey said a magnitude 3.8 earthquake struck near Fincastle, Tennessee in Campbell County. A USGS map showed it was felt around East Tennessee and southern Kentucky. It …

POSTED JANUARY 22, 2020 6:06 AM
Starr Insurance Companies Appoints Murphy as Southeast Regional VP
Starr Insurance Companies has appointed Kathleen Murphy as regional vice president, Southeast Region, effective January 13. Murphy is responsible for field leadership as well as broker and client relationships. According Robert Cruz, senior vice president, Sales and Distribution, Murphy has …

POSTED JANUARY 22, 2020 5:32 AM
Alabama Agencies Ordered to Pay $540K in Back Wages to Disabled Workers
A recycling center that employs adults with intellectual disabilities in Alabama should have paid hundreds of thousands of dollars to its workers, federal labor officials said. The U.S. Department of Labor recently announced that employees were rightfully owed $540,000. Montgomery …

POSTED JANUARY 21, 2020 5:52 PM
Lawsuit: Ex-Volvo Worker in North Carolina Fired Because He Wasn’t Swedish
A Romanian-born former employee at Volvo was left out of business talks, turned down for a promotion and ultimately fired because he wasn’t Swedish, according to a lawsuit. Luke Diventi is suing Volvo Group North America LLC for job discrimination, …

POSTED JANUARY 21, 2020 5:46 PM

Health and Benefits – Insurance Journal

Aon Buys International Benefits Brokerage Portfolio of Mayfair Group
Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not disclosed. Aon now will assume responsibility for all …

POSTED MAY 05, 2017 7:49 AM
Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix
Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates …

POSTED JANUARY 18, 2017 12:59 PM
Aon Agrees to Buy Brazil Health & Benefits Broker and Solutions Firm, Admix
Aon announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms of the agreement, which was announced on Nov. 25, were not disclosed and the acquisition is …

POSTED DECEMBER 01, 2016 10:53 AM
Southern California School Reopens After 2-Year Asbestos Closure
The last of three Southern California schools closed two years ago after asbestos was found has reopened following a complete overhaul. The Orange County Register reported Lake View Elementary opened its doors Wednesday to more than 320 students as a …

Report Shows Higher Smoking, Drinking Among Utah Construction Workers
Utah residents who work in construction and manufacturing are more likely to smoke and binge drink than workers in other industries, according to a new report from Utah’s Department of Health. The data is based on a telephone survey of …

Lockton Adds Employee Benefits Leader Georgia in Milwaukee
Independent insurance broker, Lockton, announced it has added Patrick Georgia as senior vice president and employee benefits practice leader in Milwaukee, Wis. As part of Lockton-Milwaukee, Georgia will help clients by developing benefit programs to meet their needs and manage …

POSTED FEBRUARY 09, 2015 5:15 PM
Health and Wellness Consultant Peter Mangiola Helps Consumers Maximize Health Insurance Benefits
Health and Wellness Expert Peter Mangiola R.N. MSN Has Launched a New Jersey Consultancy Focused on Helping Consumers Gain Access to the Resources Necessary to Prevent and Treat Health Issues Medford, NJ, February 3, 2015: Peter Mangiola R.N. MSN has …

POSTED FEBRUARY 03, 2015 11:00 AM
Hylant, Liazon to Offer Private Benefits Exchange
Toledo, Ohio-based insurance brokerage firm, Hylant, has entered into a partnership with Liazon, operator of the Bright Choices Exchange, a private benefits exchange for businesses across the U.S., to provide clients with benefit alternatives to traditional options as the health …

POSTED OCTOBER 03, 2013 4:25 PM
Burand’s Agency E&O Blog: Tip #39
AOR/BOR Procedures for Benefits. For some unknown reason, I continually find Benefits Producers thinking the P&C AOR/BOR procedures are not applicable to them because the risk on the P&C side does not exist on the benefits side. This belief is …

POSTED JULY 23, 2013 10:00 AM
The Hanover Expands Healthcare Capabilities
The Hanover Insurance Group, Inc. has expanded its healthcare industry options with an increased appetite and capabilities for the rapidly growing areas of the healthcare industry, including allied healthcare centers and home healthcare and medical equipment. The company also will …

POSTED JULY 17, 2013 4:53 PM

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