business moves News

Allied Insurance to Cut 140 Jobs at Nebraska Location Over a Few Years

Allied Insurance is giving employees lots of notice about job cutbacks at its regional office in Lincoln. The Lincoln Journal Star reports that 140 jobs will be eliminated in claims and customer service between 2017 and 2020. That will slice …

Study Provides Reasons for Increasing Hospital Costs in Workers’ Comp

A new study from Mass.-based Workers Compensation Research Institute (WCRI), updates a recently published 33-state study with an extra year of data and the early impact analysis of major regulatory changes in North Carolina. The study, Hospital Outpatient Cost Index …

Insurance Veteran Launches Nelson Claims Consulting

Dallas-based Nelson Claims Consulting announced the formation of a highly specialized consulting group focused on providing management services to insurance carriers, policyholders and legal teams. The consulting firm specializes in high value and complex contents claims, contents claims review, dispute …

Ullico Announces $25 Million Fiduciary Liability Insurance Limits

Ullico announced that its property and casualty insurance subsidiary, Ullico Casualty Group, Inc., may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Company, a Markel company. The $10 million increase in …

Coverys Announces New Excess/Surplus Lines Company

Coverys, a medical professional liability insurance provider, announced the creation of Coverys Specialty Insurance Company (Coverys Specialty), a new excess and surplus lines underwriting company. The new offering rounds out the company’s suite of products and services by providing tailored …

City National Bank Sells Insurance Operations to Virginia Company

City National Bank has sold its insurance operations to a Virginia company. City National’s parent, City Holding Company, says in a news release that the sale of CityInsurance to The Hilb Group in Richmond, Virginia, was effective Jan. 1. Under …

Ace to Buy Allianz’s Fireman’s Fund Luxury Unit

Ace Ltd. agreed to buy Allianz SE’s Fireman’s Fund unit serving wealthy clients to expand insurance of luxury homes, yachts and art collections as the seller narrows its focus in the U.S. Ace will pay $365 million in the deal, …

OneBeacon’s Renewal Rights To Lawyers Professional Liability Book Sold to Argo

OneBeacon Insurance Group, Ltd., a Bermuda-domiciled holding company, announced it has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings, Ltd. The transaction includes renewal rights to …

BusinessFirst Now Offers Workers’ Comp Coverage in Georgia

BusinessFirst Insurance Company, a monoline workers’ compensation company, announced that it is now offering coverage to employers in Georgia. The company is offering workers’ compensation coverage in Georgia for policies with effective dates of January 1, 2015, or later. In …

ABRA Auto Body & Glass Expands in Three States

Minnesota-based ABRA Auto Body & Glass, a national damaged vehicle repair company, expanded for the third time in just 30 days, in three separate states, and with three separate transactions. ABRA announced the acquisition of Consolidated Collision Center in Park …