business moves News

AIG Obtains $125 Million of Five-Year Indemnity Reinsurance Coverage

AIG announced that it has entered into a five-year reinsurance transaction with Tradewynd Re Ltd., which will provide $125 million of indemnity reinsurance protection against U.S., Caribbean and Gulf of Mexico named storms and U.S. and Canadian earthquakes. A diversified …

Enservio Offers New Consulting Practice for Claims Process Improvement

Enservio, a provider of software and services to property insurers, announced EnservioIQ Consulting Service, a consulting practice aimed at carriers looking for additional visibility, process improvement, financial and operational efficiency from their P&C claims processes. Staffed by a core team …

Restoration Industry Veteran Launches Disaster Recovery Company

Tom McGuire, a 25 year veteran in restoration management and high-profile disaster recovery projects, has founded The Solutions Company, LLC, which specializes in professional project management of vital document recovery, structural decontamination and expert project consulting services. Launched last October, …

GEICO Plans to Hire 200 New Employees in Tucson

GEICO (Government Employees Insurance Company), a member of the Berkshire Hathaway family of companies, announced plans to expand its Tucson, Ariz., regional office by filling more than 200 new positions by the end of the year. The hires will include …

Texas Mutual Issues $524K in Dividends

Texas Mutual Insurance Company announced that the Texas Alliance of Energy Producers (TAEP) safety group has earned a $398,735 workers’ compensation dividend, and the Lone Star Energy (LSE) safety group earned a $124,962 dividend. Both dividends were based largely on …

Crawford Launches Specialty Markets

Crawford & Company, an independent provider of claims management solutions, has created a new global offering to better serve the unique needs of clients requiring highly technical and specialized claims handling. Crawford Specialty Markets is comprised of the following specialty …

Erie Insurance Building a New Claims Training Facility

Beginning this summer, Erie Insurance will begin development of several properties around its home office, including building a state-of-the-art technical learning center and revitalizing the Pennsylvania National Guard Armory and C.F. Adams buildings. Development plans call for: Building a 52,000 …

CoreLogic Buys Units of TPG’s Decision Insight for $661 Million

CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital’s Decision Insight Information Group for $661 million to expand its coverage of the property/casualty insurance industries. Corelogic will acquire Marshall & Swift/Boeckh, DataQuick Information Systems and the …

Ohio Insurer Expands to Dayton

A western Ohio insurance company’s expansion should mean about 200 jobs for Dayton. Springfield-based Assurant Special Property plans to open a satellite office in northeast Dayton. The Dayton Daily News reports that the office is expected to open in August. …

Esurance Launches Motorcycle Insurance In Wisconsin

Esurance, the direct-to-consumer insurance company, is now offering motorcycle insurance in Wisconsin. This new product not only covers motorcycles, but also scooters, dirt bikes, golf carts, snowmobiles and Segways. A motorcycle insurance policy from Esurance typically includes: An option that …