The Idaho Department of Insurance will begin licensing businesses to sell portable electronics insurance to cover the repair or replacement of portable electronic devices such as cell phones and tablets and their accessories starting July 1. “This type of insurance …
The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, effective Sept. 1, 2013. She will take the place of Dieter Kohl, who retires this summer, and will be based in …
Police have increased their presence in New York City neighborhoods still struggling with the aftermath of Superstorm Sandy. The Staten Island Advance says break-ins left some residents on the island so frustrated and angry that they’d talked of setting booby …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of Seaworthy Insurance Company, based in Annapolis, Maryland, both with stable outlooks. The ratings reflect Seaworthy’s “supportive capitalization, historically favorable underwriting results …
More than seven months after Superstorm Sandy devastated parts of the Jersey shore, thousands of homeowners are getting some relief from crushing rebuilding and insurance costs. The federal government has updated its flood maps laying out the likelihood of damage …
Pirate attacks off West Africa’s mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardize the shipping of commodities from the region. The Gulf of Guinea, which includes Nigeria, Ghana and Ivory …
Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including Jinko Solar Holding …
The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to quickly build up economies of scale for its …
The U.S. Supreme Court agreed to use a case involving an Air Wisconsin pilot upset about losing his job to consider giving airlines broader immunity from lawsuits when they report potential security threats. The justices today said they will review …
Drugmakers can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that rewrites the rules governing the release of generic drugs. The 5-3 ruling is largely a victory for …
