A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of 75 percent.” The world’s …
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting a profit, as demand …
This post is part of a series on insurance marketing and training sponsored by Astonish. One of the most important lessons every agency owner must learn is how to motivate their employees. Unfortunately, understanding the best ways do this can …
Australia’s most populous state declared an emergency as wildfires tore through bush land west of Sydney, destroying hundreds of homes and threatening mountain townships. New South Wales State Premier Barry O’Farrell signed the order late yesterday, giving emergency services personnel …
Atlanta-based insurance broker Beecher Carlson, a division of Brown & Brown Inc., has appointed Frederick Wass as senior vice president. He will be responsible for risk analysis, program design and delivery of Beecher Carlson’s National Energy Practice services and resources. …
Florida’s workers’ compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the National Council on Compensation Insurance, filed for a one percent increase for 2014 in August, which, if approved by regulators, …
Insurance was a great training ground for now State Sen. Bill Ketron, who has been a member of the Tennessee Senate since 2002 while also serving as president of his own independent agency founded by his late father. Ketron credits …
With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say there are considerable barriers to creating a private market. …
A Chinese drywall manufacturer asked a federal appeals court on Oct. 9 to overturn a judge’s ruling that U.S. courts have jurisdiction over claims that its defective product wrecked thousands of homes. A three-judge panel from the 5th U.S. Circuit …
A former workers’ compensation auditor in West Virginia has been sentenced to six years in federal prison for taking bribes in exchange for allowing coal company contractors to underreport their payroll. Prosecutors said former BrickStreet Mutual Insurance Co. auditor Arville …
