National News

Brokers Assess Current Construction Insurance Market: Thumbs Up

Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers maintaining a market favorable to buyers, especially those …

U.S. Moves to Guard Blood Supply After Reports of Zika Virus in Florida

The U.S. Food and Drug Administration has ordered all blood collection centers in Florida’s Miami-Dade and Broward counties to stop collecting blood as state health department officials continue to investigate four possible cases of local transmission of the Zika virus. …

Hartford Net Income Down 48% in Q2 on Weakened Underwriting Results, Investment Income

The Hartford reported net income of $216 million in second quarter 2016 ended June 30, a decrease of $197 million or 48 percent from second quarter 2015, principally due to lower property/casualty underwriting results and lower net investment income. The …

Hazard Warnings: Who Should Be Warned to Do What and When?

A group of risk experts is proposing a new framework to improve the effectiveness of public warnings when a hurricane, wildfire, toxic chemical spill or any other environmental hazard threatens safety. Right now, “the potential for errors is high” when …

U.S., China Insurance Regulators Keep Open Dialogue

Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York office. According to the NAIC, they discussed retirement …

Climate Change Modeling is Closer than You Think

For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went something like: “The industry isn’t interested in what the weather …

CNA’s Tatum Named Head of AXIS Insurance’s U.S. Programs

John Tatum has joined AXIS Insurance as executive vice president and head of U.S. Programs. In this new position, he is responsible for all programs and binding authorities for AXIS Insurance across the U.S. market. Tatum reports directly to Carlton …

ITC, Compare.com Team Up to Expand Online Auto Insurance Quote Services

Insurance Technologies Corporation (ITC), headquartered in Carrollton, Texas, and Compare.com, based in Richmond, Va., have partnered to help provide more auto insurance quotes to online insurance shoppers, the companies announced. Compare.com works with more than 90 insurance brands to deliver car …

U.S., EU Report on Re/Insurance Covered Agreement Talks

Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to discuss in good faith matters relating to group …

Beazley Expands Event Cancellation Coverage for Political Violence, Terrorism Incidents

Beazley, a provider of event cancellation insurance, has expanded its terrorism and political violence event cancellation insurance for the sports, entertainment and leisure industries in the U.S. to include riots, civil commotion, strikes, the threat of a terrorist act and …

National News Archives by Month