Wed, 13 Dec 2017 15:13:36 +0000
Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the UK as an independent broker and, at the same time, is now registered as a Lloyd’s broker. London-based BWI was …
Wed, 13 Dec 2017 14:25:23 +0000
Plum Underwriting, the specialist home insurance managing general agent in the UK market, has opened an underwriting and service center as part of its strategy to support continued growth. The center, located in Basildon, England, brings together under...
Wed, 13 Dec 2017 14:04:13 +0000
Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines reinsurer, according to a new A.M. Bes...
Wed, 13 Dec 2017 13:09:50 +0000
Alliant’s ongoing growth campaign in the Eastern U.S. is continuing with the addition of Senior Vice President Devin E. Blazier. The New Jersey-based industry veteran has joined the company’s Alliant Americas division with technical expertise in profes...
Wed, 13 Dec 2017 13:06:16 +0000
Financial Services Superintendent Maria T. Vullo has announced the 10 appointees who will serve on the newly formed Department of Financial Services (DFS) State Insurance Advisory Board. Governor Andrew M. Cuomo signed legislation to create the board e...
Wed, 13 Dec 2017 13:03:26 +0000
Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union. Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not …
Wed, 13 Dec 2017 12:32:57 +0000
CNA has appointed Tom Allen as vice president of its Boston, Mass., branch, effective January 2, 2018. In this role, Allen will be responsible for leading the branch in cultivating deeper relationships with producers and accelerating CNA’s market prese...
Wed, 13 Dec 2017 11:56:35 +0000
Brit Ltd., the London-based specialty insurer and reinsurer, has launched a Bermuda-domiciled collateralized reinsurance platform, Sussex Capital. Sussex Capital, through Sussex Re, a newly established Bermuda-domiciled special purpose insurer, will wr...
Wed, 13 Dec 2017 11:11:34 +0000
Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to healthcare facilities. This comp...
Wed, 13 Dec 2017 10:56:56 +0000
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced Financial Institution Professional Indemnity (FIPI) insurance in Asia. “Financial institutions are seeing an increase in both the frequency and severity of professional indem...
Wed, 13 Dec 2017 05:41:46 +0000
Although the 2017-18 citrus harvest has barely begun, growers are already planning for the 2018-19 season, and they have critical decisions to make in the coming months that will affect next season’s crop and perhaps others in years to come. …
Wed, 13 Dec 2017 05:32:37 +0000
Authorities say five people were injured by a sudden fire sparked by leaking gas at a Catholic school on the Alabama coast. News outlets report the flames erupted Saturday inside a kitchen at St. Vincent de Paul School in Mobile. …
Tue, 12 Dec 2017 17:56:16 +0000
American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology...
Tue, 12 Dec 2017 17:34:39 +0000
The Arkansas State Medical Board has approved draft regulations aimed at reducing opioid abuse. The board unanimously voted in favor of the regulations on Dec. 7. The requirements are based on guidelines issued last year by the federal Centers for …
Tue, 12 Dec 2017 17:18:26 +0000
The Ohio Department of Insurance reported that five people were recently sentenced for insurance-related crimes following investigations by the department. Clermont County/Shandell Thomas and Aaron Thomas In October, Shandell Thomas, of Cincinnati, was...
Tue, 12 Dec 2017 17:12:03 +0000
The Texas Department of Insurance – Division of Workers’ Compensation has issued a bulletin announcing a date for the end of extensions for workers’ comp deadlines and procedures related to Hurricane Harvey. Due to gubernatorial disaster proclamations ...
Tue, 12 Dec 2017 17:08:23 +0000
A new in-car application from General Motors Co. that lets drivers order coffee and browse for hotels while behind the wheel has been met with outcry from a prominent safety group. The app, dubbed Marketplace, allows drivers to browse deals …
Tue, 12 Dec 2017 17:00:45 +0000
When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500-square-foot house. Muddy floodwater submerged the furniture and ruined carpet inside the constr...
Tue, 12 Dec 2017 15:51:49 +0000
The maker of a rapid-fire gun accessory that police say was used in the Oct. 1 mass shooting that killed 58 people and left hundreds injured at an open-air concert on the Las Vegas Strip has been removed from a …
Tue, 12 Dec 2017 15:46:54 +0000
A magnitude 3.3 earthquake has hit central Alaska, the Alaska Earthquake Center confirmed. The center reported that the earthquake struck at 3:28 a.m. Sunday and its epicenter was 30 miles southwest of Manley Hot Springs, which has fewer than 100 …
Tue, 12 Dec 2017 15:44:49 +0000
California has began accepting applications from businesses that want to operate in the state’s legal marijuana industry next year, a milestone for the emerging market. After months in development, an online system launched and will allow retailers, di...
Tue, 12 Dec 2017 15:33:04 +0000
California Insurance Commissioner Dave Jones has issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits the practice. Jones issued the notice in response to ...
Tue, 12 Dec 2017 14:28:57 +0000
Quantemplate, a London-based insurtech firm that specializes in machine learning data transformation and analytics, announced that David Lundgren has been appointed CEO and board director. The company has also received £2.5 million (US$3.3 million) of...
Tue, 12 Dec 2017 13:46:57 +0000
The Hartford has announced that Stephanie Bush, who has led Small Commercial since July 2014, will expand her responsibilities to include oversight for Personal Lines. She replaces Ray Sprague, who is retiring after a 30-year career with The Hartford. ...
Tue, 12 Dec 2017 13:42:45 +0000
U.S. Sen. Charles Schumer wrapped up another tour of New York’s 62 counties Friday with a call for greater federal help for the state’s craft beer industry. During a stop at a brewery in the Columbia County community of Chatham, …
Tue, 12 Dec 2017 13:34:51 +0000
State lawmakers on Thursday passed legislation that would bar people from operating drones while drunk. The National Conference on State Legislatures says at least 38 states are considering drone legislation this year, going beyond the Federal Aviation...
Tue, 12 Dec 2017 13:17:26 +0000
A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Eu...
Tue, 12 Dec 2017 13:03:38 +0000
After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space. More than 60 companies now occupy office space on its 128 floors …
Tue, 12 Dec 2017 12:26:56 +0000
Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to increase its dividend. Already famous as a dividend stock, Zur...
Tue, 12 Dec 2017 10:47:57 +0000
ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. It will, however, continue to help companies with renewable energy …