Bushfires that started last week in the Australian State of New South Wales have been exacerbated by hot, dry, and windy conditions spread across the state, where authorities declared a state of emergency on Sunday. Bushfires are common during the …
Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has formed Rock Re, a new dedicated brokered property facultative unit within its US operation. Rock Re “builds on Aspen Re’s existing direct property facultative offering in the United …
Another week has passed, which apparently means that it’s time for another terrifying article from Sharon LaFraniere, Ian Austen and Robert Pear on the federal health-care exchanges. Federal contractors have identified most of the main problems crippling President Obama’s online …
North Carolina-based wholesale brokerage AmWINS Group Inc. is seeking a $175 million add-on term loan for an acquisition. The insurance broker owned by private-equity firm New Mountain Capital LLC may pay interest at 3.75 percentage points more than the London …
Hannover Re, the world’s third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30 years. “In view of the considerable losses …
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the group include Warren Buffett’s Berkshire Hathaway Inc., …
A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity – part of an attempt to protect critical industries without setting restrictive and costly regulations. The National Institute of Standards and Technology …
The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and his son were sentenced on Wednesday in United States District Court in Pocatello. The sentencing was announced by U.S. Attorney …
Selling Value not Price As a consumer, do you always buy the cheapest product or service you can find? If you are like most people, probably not. Do you gravitate towards the most expensive item you can find? Unless you …
The owner of a Northern California construction company and his family members in were convicted of committing workers’ compensation insurance premium fraud. Jeffrey Thranow, 59, owner of Costa Bella Builders was convicted of committing workers’ compensation insurance premium fraud for …
