Types of insurance

CompWest Insurance Names Ibraheem Mohammed Regional Manager Business Development

Monday, May 17, 2021 - 6:00pm

b'SANTA ANA, Calif., May 17, 2021 /PRNewswire/ -- CompWest Insurance has announced Ibraheem Mohammed as its new regional manager of Business Development, further strengthening the brand\'s commitment to supporting customers throughout California and the western states.

Key Points: 
  • b'SANTA ANA, Calif., May 17, 2021 /PRNewswire/ -- CompWest Insurance has announced Ibraheem Mohammed as its new regional manager of Business Development, further strengthening the brand\'s commitment to supporting customers throughout California and the western states.
  • Mohammed will be responsible for CompWest\'s large account business development, focusing on accounts with annual premiums over $350,000.\n"We are thrilled to welcome Ibraheem to this important role," said Gene Simpson, vice president of Business Development and Operations for CompWest.
  • "\nPrior to joining CompWest, Mohammed was a senior underwriter with The Hartford in Walnut Creek, Calif. and held several underwriting positions with the ICW Group in Pleasanton, Calif.
  • Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.\n'

Western National chooses Milliman Datalytics-Defense as legal spend management solution, launching them to the forefront of AI for claims

Monday, May 17, 2021 - 5:05pm

The web-based tool is available on a subscription basis and can perform peer comparisons, allowing insurers to credibly benchmark their defense costs.

Key Points: 
  • The web-based tool is available on a subscription basis and can perform peer comparisons, allowing insurers to credibly benchmark their defense costs.
  • "Western National has a reputation as a forward-thinking organization and understands how using a tool like Datalytics-Defense will launch them to the forefront of AI for claims.
  • "\nTo learn more about Milliman Datalytics-Defense, go to milliman.com/datalytics\nMilliman is among the world\'s largest providers of actuarial and related products and services.
  • For further information, visit milliman.com.\nWestern National Insurance Group is a private mutual insurance company with 115 years of experience serving policyholders\' property-and-casualty insurance needs.

INSUREtrust and Parametrix Announce Agreement to Bring First-of-its-kind IT Downtime Insurance to Their Emerging Risks Network

Monday, May 17, 2021 - 3:00pm

This new agreement with Parametrix\xe2\x80\x98s IT downtime product complements our Cyber Secure Platform\xe2\x80\x99s risk management offerings and continues to differentiate our clients in the insurance marketplace.\xe2\x80\x9d\nINSUREtrust, headquartered in the Atlanta metro area, is the insurance industry\xe2\x80\x99s leading, specialty insurance brokerage for emerging risks.

Key Points: 
  • This new agreement with Parametrix\xe2\x80\x98s IT downtime product complements our Cyber Secure Platform\xe2\x80\x99s risk management offerings and continues to differentiate our clients in the insurance marketplace.\xe2\x80\x9d\nINSUREtrust, headquartered in the Atlanta metro area, is the insurance industry\xe2\x80\x99s leading, specialty insurance brokerage for emerging risks.
  • In April 1997, INSUREtrust pioneered the Cyber Insurance Industry by manuscripting a unique policy form designed to explicitly cover exposures associated with the internet\xe2\x80\x99s emerging, digital risks.
  • This would later become known as the Cyber Insurance Industry.\nFor the past 24 years, INSUREtrust has continued to lead the insurance industry with their unique innovation and expertise focused heavily on cyber insurance and related risk management.
  • The company is backed by some of the biggest insurers and reinsurers including certain underwriters at Lloyd\xe2\x80\x99s of London.\n'

Paul Domek Joins Homeowners of America as Illinois Sales Manager

Monday, May 17, 2021 - 2:00pm

b'IRVING, Texas, May 17, 2021 /PRNewswire-PRWeb/ --Homeowners of America Insurance Company (HOAIC), a property and casualty insurance provider, is pleased to announce that Paul Domek has joined the company as a Territory Sales Manager in Illinois.\nDomek brings over 20 years of insurance industry experience to HOAIC and has spent his most recent time with Founders Insurance.

Key Points: 
  • b'IRVING, Texas, May 17, 2021 /PRNewswire-PRWeb/ --Homeowners of America Insurance Company (HOAIC), a property and casualty insurance provider, is pleased to announce that Paul Domek has joined the company as a Territory Sales Manager in Illinois.\nDomek brings over 20 years of insurance industry experience to HOAIC and has spent his most recent time with Founders Insurance.
  • In addition to his insurance background, Domek has a solid working knowledge of Illinois and the Midwest and is charged with helping to expand HOAIC\'s strategic growth in the region.\nHOAIC Vice President, Director of Sales and Marketing, Michael Cox, said "We are pleased to be adding a new insurance professional to the Homeowners of America team in the state of Illinois.
  • The company provides property and casualty insurance in Texas, Arizona, Illinois, Virginia, North Carolina, South Carolina, and Georgia and insures over 230,000 homes.
  • HOAIC has been assigned a Financial Stability Rating of A, Exceptional by Demotech, Inc. For more information, visit https://hoaic.com .\n'

Lockton Bolsters Transaction Liability Capability

Monday, May 17, 2021 - 1:17pm

b'KANSAS CITY, May 17, 2021 /PRNewswire/ --Lockton continues to add best-in-class talent to its industry-leading transaction liability team, today announcing key hires across the three transaction liability insurance product lines: Representations and Warranties (R&W) Insurance, Tax Liability Insurance and Contingent Liability and Litigation Insurance.These hires come on the heels of Lockton\'s addition of practice leaders Joshua Halpern, Eric Ziff, Gaurav Sud , and Matthew Heinz in the past six months, and exemplify Lockton\'s unwavering commitment to servicing its clients\' M&A needs.\nIndustry veterans Eddie Kim , Paul Ahn , Emily Rosen and Nicole McCarthy join Lockton\'s R&W insurance practice.

Key Points: 
  • b'KANSAS CITY, May 17, 2021 /PRNewswire/ --Lockton continues to add best-in-class talent to its industry-leading transaction liability team, today announcing key hires across the three transaction liability insurance product lines: Representations and Warranties (R&W) Insurance, Tax Liability Insurance and Contingent Liability and Litigation Insurance.These hires come on the heels of Lockton\'s addition of practice leaders Joshua Halpern, Eric Ziff, Gaurav Sud , and Matthew Heinz in the past six months, and exemplify Lockton\'s unwavering commitment to servicing its clients\' M&A needs.\nIndustry veterans Eddie Kim , Paul Ahn , Emily Rosen and Nicole McCarthy join Lockton\'s R&W insurance practice.
  • "\nTo head up its contingent liability and litigation insurance group, Lockton has hired Michael Perich .
  • "\n"These hires signal Lockton\'s unwavering commitment to addressing client needs and to building client-centric transaction liability insurance capacity for the long-term," said Devin Beresheim, EVP Lockton Specialties.
  • "Lockton is committed to establishing a next generation transaction liability practice that will anticipate client needs and prepare the insurance market for every eventualitythese hires are yet another step towards realizing that goal.

State Auto Financial Declares 120th Consecutive Quarterly Dividend

Friday, May 14, 2021 - 6:30pm

This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.

Key Points: 
  • This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.
  • STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.\nThe insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group.
  • The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation.
  • Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005439/en/\n"

NCCI AIS 2021 Highlights Report Reflects a Strong and Resilient Workers Compensation System

Thursday, May 13, 2021 - 9:55pm

-Bill Donnell, NCCI President & CEO\nContent from the two-day symposium, plus bonus features, is now available in the AIS Highlights Report on ncci.com.

Key Points: 
  • -Bill Donnell, NCCI President & CEO\nContent from the two-day symposium, plus bonus features, is now available in the AIS Highlights Report on ncci.com.
  • "NCCI develops and shares these insights to help everyone in the workers compensation system make informed decisions.
  • The materials are free and available to all at www.ncci.com .\nFounded in 1923, the mission of NCCI is to foster a healthy workers compensation system.
  • These activitiescombined with a comprehensive set of tools and servicesmake NCCI the source you trust for workers compensation information.\n'

What Is Pay-Per-Mile Car Insurance and How Drivers Can Pay Less on Their Premiums

Thursday, May 13, 2021 - 5:10pm

b'For more info and free car insurance quotes, visit https://compare-autoinsurance.org/why-drivers-should-get-pay-per-mile-ca...\nDrivers who are no longer using their vehicles as much as they used before, can save some money when getting a car insurance policy.

Key Points: 
  • b'For more info and free car insurance quotes, visit https://compare-autoinsurance.org/why-drivers-should-get-pay-per-mile-ca...\nDrivers who are no longer using their vehicles as much as they used before, can save some money when getting a car insurance policy.
  • However, since it is required by law, cutting out car insurance entirely from their expenses is not an option for these drivers.
  • Back in the mid-1980s, the National Organization for Women filed a class-action lawsuit against the car insurance industry, claiming discrimination.
  • They claimed that car insurance providers were charging more for policies covering women drivers, even though statically, women have fewer accidents.

Global Insurance Brokerage Market (2020 to 2027) - by Insurance Type, Brokerage Type and Region - ResearchAndMarkets.com

Thursday, May 13, 2021 - 3:36pm

b'The "Insurance Brokerage Market By Insurance Type and Brokerage Type: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com\'s offering.\nAn insurance broker is an intercessor who sells, asks, or negotiates for insurance policies on behalf of their clients with multiple insurers.

Key Points: 
  • b'The "Insurance Brokerage Market By Insurance Type and Brokerage Type: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com\'s offering.\nAn insurance broker is an intercessor who sells, asks, or negotiates for insurance policies on behalf of their clients with multiple insurers.
  • Furthermore, digital platforms are being deployed by insurance brokerage firms for brand promotion and trust-building in a competitive market.
  • In this way insurance broker can play a balancing role between physical clients and digital technologies.\nIncreased demand for insurance policies, integration of IT & analytic solutions, and providing professional solutions and services are the major factors that drive the growth of the global insurance brokerage market.
  • Furthermore, implementation of technologies in existing products and service lines and government initiatives regarding insurance policies are expected to provide lucrative opportunity for the market expansion during the forecast period.\nThe global insurance brokerage market is segmented on the basis of insurance type, brokerage type, and region.

Advisor Insurance Launched by Industry Experts to Transform Business Insurance for Wealth Managers

Thursday, May 13, 2021 - 2:00pm

b'Advisor Insurance, LLC is proud to announce that it has officially launched its new platform to make it easier for wealth managers to buy business insurance and protect their firms.\nAdvisor Insurance was founded on the belief that the business insurance process is complex and time-consuming, and that products often fall short of meeting the unique needs of wealth managers.

Key Points: 
  • b'Advisor Insurance, LLC is proud to announce that it has officially launched its new platform to make it easier for wealth managers to buy business insurance and protect their firms.\nAdvisor Insurance was founded on the belief that the business insurance process is complex and time-consuming, and that products often fall short of meeting the unique needs of wealth managers.
  • WAGN is a leading consultancy that helps wealth firms unlock growth and improve their businesses.\nGiven WAGN\xe2\x80\x99s partnership role, Advisor Insurance will be led by Jay Hummel and John Phoenix, Co-Founders of WAGN.
  • Prior to Advisor Insurance, he was a wealth advisor at Buckingham Strategic Wealth and worked at Envestnet Financial Management, including sales and consulting roles across institutional RIAs, banks, broker dealers and trust companies.
  • Solutions include Errors & Omissions (E&O), Directors & Officers (D&O), Cyber Insurance, Business Owners Policy (BOP), Workers\xe2\x80\x99 Compensation and Employment Practices Liability Insurance (EPLI).