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Senate Republicans Eye ‘Skinny’ Repeal of Obamacare
U.S. Senate Republicans begin their final push on Thursday to unravel Obamacare, seeking to wrap up their seven-year offensive against former Democratic President Barack Obama’s signature healthcare law that extended insurance coverage to millions. Republicans leaders hope a pared-down “skinny” bill that …

POSTED JULY 27, 2017 12:49 PM
Zurich North America’s Cunningham Adds Captive Unit Responsibilities
Todd Cunningham has been named to head the Single-Parent and Sponsored-Cell Captives unit for Zurich North America. As part of its single-parent captive solutions, Zurich offers fronting, reinsurance, claims, risk-engineering and loss-analysis services for single-parent captives and a multinational reach …

POSTED JULY 27, 2017 12:28 PM
Allianz & Insurtech Startup, Flock, to Launch Pay-As-You-Fly Drone Cover in UK
Allianz Global Corporate & Specialty (AGCS) has partnered with insurtech startup Flock to launch on-demand drone insurance in the UK market through a mobile app for commercial and recreational users. To be available in the UK market later this year, …

POSTED JULY 27, 2017 11:44 AM
Massive Fire Destroys New Jersey Pizza Parlor and Damages Other Businesses
A New Jersey pizza parlor has been completely destroyed after a massive fire. WNBC-TV reports the flames ignited at Bruno’s Pizzeria around 10 p.m. Sunday in Passaic, N.J. Fire Chief Patrick Trentacost says the fire burned for a while before …

POSTED JULY 27, 2017 11:32 AM
New York State Set to Study Technology, Privacy of ‘Textalyzer’
New York state is set to study the use of a device known as the “textalyzer” that would allow police to determine whether a motorist involved in a serious crash was texting while driving. Democratic Gov. Andrew Cuomo announced Wednesday …

POSTED JULY 27, 2017 11:29 AM
NTSB Releases Results of Investigation Into 2015 New York Train Crash
Federal safety investigators said Tuesday they can’t determine why an SUV ended up in the path of an oncoming commuter train, causing a crash that killed six people at a rail crossing in suburban New York in 2015. Detailing the …

POSTED JULY 27, 2017 11:20 AM
Syndicate DTW1991 Names Cowell & Colville to UK, Int’l Underwriting Team
Lloyd’s Syndicate DTW1991, managed by R&Q Managing Agency, has appointed John Cowell as senior underwriter and Ed Colville as underwriter in its UK and international underwriting team. Cowell has over 25 years’ experience in the UK and international insurance markets. …

POSTED JULY 27, 2017 10:57 AM
Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform
Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000 offers dedicated coverage for risk exposure and consequential loss related to …

POSTED JULY 27, 2017 10:21 AM
Allianz Q2 Profit Rises 23% on Restructuring, Fewer Disaster Claims
As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9 billion euros ($3.4 billion), Europe’s largest insurer …

POSTED JULY 27, 2017 9:51 AM
Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile and credit insurance to individuals and businesses. Ageas and BNP …

POSTED JULY 27, 2017 9:29 AM

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