The 2013 Atlantic season has delivered the fewest hurricanes since 1982, U.S. forecasters said, despite their predictions in May that it would be a busier than normal year. Forecasters had predicted 13 to 20 named Atlantic storms, seven to 11 …
Cooper Gay Swett & Crawford (CGSC) has named Peter Gorman as interim chief executive officer of its North American subsidiary Cooper Gay Re following the departure of Ron Carlier. Carlier was appointed CEO of Cooper Gay Re only six months …
The largest U.S. banks may need to pay out up to an additional $105 billion to settle legacy mortgage-related issues, but have a capital cushion that would help them absorb these losses, according to a report by ratings agency Standard …
The U.S. government is proposing compensation to help insurers participating in Obamacare health exchanges who fear that their costs will spin out of control if their plans are dominated by sicker people. Fears about cost burdens from sicker patients increased …
Zurich in North America has announced the appointment of Anthony Barrett as senior vice president and head of Short Term Multi-Buyer Trade Credit Insurance. Barrett, a 28-year industry veteran, is based in New York City and reports to Anne Marie …
Sun Life Assurance Co. of Canada and Intact Financial Corp. announced a referral arrangement to provide Sun Life’s customers in Canada with access to belairdirect.com’s home and auto insurance products through their websites and call centers. Kevin Dougherty, president, Sun …
The National Hockey League was sued by former players accusing it of concealing the risk of severe brain injuries three months after the National Football League agreed to pay $765 million to settle similar claims. The NHL ignored the dangers …
Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company increased its cost savings goal to 750 million euros …
The primary windstorm insurer for Texas coastal properties won’t be raising limits of liability next year for property it covers. Insurance Commissioner Julia Rathgeber has denied a request by the Texas Windstorm Insurance Association to raise the limits on both …
General Star Management Co. has launched a new Healthcare Facilities Choice endorsement. The protection is available on miscellaneous healthcare facilities policies for risks that meet underwriting eligibility requirements. Six additional coverages are added to the “supplementary payments” section for qualified …
