WellPoint Inc. can move forward with its $4.5 billion purchase of health insurance rival Amerigroup Corp after Amerigroup alleviated antitrust concerns by selling operations in Virginia, the U.S. Justice Department said on Wednesday. Without the sale, the combined company would …
Moss Point officials hope a city judge will set a court date in December to determine if 47 properties must comply with rules to elevate homes in flood plains. Andrew R. Beamon, who became director of the city’s building inspection …
Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire Flagstone, with the support of more than 99 percent of the …
The fact that Arctic sea ice has melted this year to its lowest recorded level shows, along with other weather extremes, that “climate change is taking place before our eyes,” the World Meteorological Organization (WMO) said on Wednesday. The first …
“Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute. “Advancements in the IT sector are opening up new applications, …
EDHEC-Risk Institute has announced the appointment of Tomas Franzén, Chief Investment Strategist with Andra AP-fonden (AP2), the second Swedish national pension fund, as chairman of its international advisory board. He succeeds Theo Jeurissen, former Director of Investments at PMT, the …
A recent survey* undertaken by global specialty insurer Torus has highlighted a myriad of current issues facing the management liability and professional lines market. Designed to identify key trends affecting this segment, Torus found that: Management liability and professional lines …
Aon Risk Solutions, the global risk management business of Aon plc has created Flood Secure Flex, a new call option for Flood Secure, to allow U.S. organizations to lock in pricing and terms for replacement flood coverage. Flood Secure Flex …
Colombia is launching insurance to protect coffee plantations hit by climate change, which has damaged output in the world’s top producer of high quality Arabica beans in recent years, officials said on Wednesday. After three years of bad weather and …
The American Association of Insurance Services (AAIS) has appointed Truman Esmond, of Denver, Col., to the newly-created position of senior director of customer engagement. AAIS, based in Wheaton, Ill., is a national insurance advisory organization that develops policy forms and …
