Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected to continue for the remainder of …
Speaking at Foxdale Village Retirement Community in State College, Penn., Insurance Commissioner Teresa Miller urged consumers, particularly seniors, to take time to understand annuities in order to protect their retirement income. “Annuities are designed as long term investments to provide …
The Hartford has hired John Wilcox as chief strategy and ventures officer. In this newly-created position, The Hartford said Wilcox will lead efforts to capitalize on new opportunities to “drive growth through innovation and improve operating capabilities.” The move marks …
Ronnell Agatep has joined XL Catlin’s global retail Accident & Health (A&H) insurance business as its global head of underwriting. Based in New York, Agatep assumes this newly-created role to drive product development and underwriting guidelines for XL Catlin’s new …
XL Catlin has hired Ronnell Agatep as global head of underwriting in its newly launched global retail accident and health insurance business. The firm’s new business aims to help corporate clients safeguard their workforce by offering various accident and health …
Authorities say a fire in a unit at a bounce house play center heavily damaged the center in Harford County. The State Fire Marshal’s Office said in a news release that Friday afternoon, a customer at the Jump On It …
Rhode Island is suing 34 oil companies for using a gasoline additive that has contaminated groundwater in the state. Democratic Attorney General Peter Kilmartin said Tuesday the state aims to recover money for the cleanup of methyl tertiary butyl ether, …
Lawyers who defend companies in product liability cases are celebrating an unusual order by a federal judge in Columbus, Georgia. In it, he told attorneys for the other side—the ones who represent injured consumers—that he was going to crack down …
The rollout of autonomous vehicles over the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report. Expectations are that “industry pure premiums” will drop …
Insurance Services Office’s (ISO’s) Business Auto Coverage (BAC) Form (CA 00 01) protects the named insured (“you”) against the financial consequences of its legal liability for bodily injury or property damaged not excluded by the policy and arising out of …
