According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo, the third typhoon in the western Pacific Basin in less than three weeks, “made landfall in Taiwan around midnight, local time, Tuesday night with winds over 160 km/h [100 mph] and …
Forty-eight people are dead and 10 injured after a TransAsia Airways Corp. passenger plane crashed as it prepared to land on Taiwan’s outlying Penghu Islands. Flight GE222, a twin-engine ATR-72 turboprop, was making a second approach to Magong Airport when …
James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He joins IFG Companies …
San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess liability claims effective May 1, 2014. Since 2001, …
Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face. However, insurers that overemphasize digital channels at the expense of traditional …
The share of young adults living with parents or other family members in the U.S. continues to grow in the aftermath of the most severe recession in the post- World War II era. A record 57 million Americans, or 18.1 …
Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5 million. The insurance product was launched at the end of last …
The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between …
More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, N.D., authorities still were unable to say what caused the massive blaze. The fire, which started around midnight Monday and …
Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty …
