business moves News

Esurance Introduces Oregon Drivers to Mileage-Based Insurance Policy

Esurance, the direct-to-consumer insurance company, announced a new mileage-based insurance offering called Esurance Pay Per Mile, available first to Oregon drivers. Almost a quarter of Portland’s 300,000 plus workers ride transit, bike or walk to their jobs. The new product …

Verisk Replacing Joy Global in S&P 500 Index Next Week

Verisk Analytics Inc., the provider of data to insurers and banks, was named to join the Standard & Poor’s 500 Index after the company’s market value passed $12 billion on a share rally and expansion through acquisitions. Verisk will replace …

American Well Partners With Corvel to Offer On-Demand Doctor Visits for Workers’ Comp Patients

American Well, a telehealth services provider, announced it is entering the workers’ compensation sector through a strategic partnership with CorVel Corporation, a national provider of risk management solutions. Together the companies will deliver on-demand doctor evaluations for employees with a …

CMIC to Write Auto, Workers’ Comp in New Alliance With Catholic Mutual

Nebraska-based Catholic Mutual Group, the largest coverage provider for the Catholic Church in North America, and Church Mutual Insurance Company (CMIC), the nation’s largest insurer of religious organizations, announced a strategic alliance under which CMIC will underwrite auto and workers’ …

Munich Re, Marsh Announce New Pharma Product to Insure Against Regulatory Actions

Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing. The product would cover as much as $10 …

Cunningham Lindsey Creates Miami Hub for Latin America and the Caribbean

Cunningham Lindsey announced the creation of a new Miami hub from which it plans to expand the support it offers to clients across Central and South America and the Caribbean. The Miami-hub will focus on property business (including business interruption, …

ACE Announces North America Leadership Team Effective Once Chubb Acquisition Complete

ACE Limited announced the leadership teams it intends to appoint for the company’s North American business units, including National Accounts, Middle Market, Small Commercial, Personal Lines, Wholesale/Excess & Surplus Lines, Bermuda and Agriculture. The company also announced the leadership teams …

Nationwide Raises Minimum Pay Rate to $15 Per Hour

Following in the footsteps of Facebook and Wal-Mart, Ohio-based Nationwide announced it will raise its minimum pay rate to $15 per hour over the next nine months. This change impacts approximately 900 current associates across 25 locations for jobs in …

XL Catlin Reveals New Regional Structure, Leaders for U.S. Excess & Surplus Casualty Business

To boost efficiencies and direct expanded resources to provide insurance for the most complex, challenging business risks, XL Catlin’s Excess & Surplus (E&S) Casualty business has unveiled a new geographically-focused structure and named three new regional leaders. Coy Rudd is …

Engle Martin Closes Acquisition of Eberl

Engle Martin & Associates, a diversified insurance services provider, completed its acquisition of a majority share of Eberl’s Claim Service, Inc. and its related companies on September 1, 2015. Eberl provides a full suite of complementary daily and catastrophe loss …