Insurance company lawyers on Monday blasted a Vermont man whose mother was lost at sea, saying he made suspicious alterations to his boat before what they called its “most curious sinking.” Lawyers for Nathan Carman’s insurance company said in documents …
XS Brokers, a Quincy, Mass.-headquartered independent insurance brokerage, has hired Peter Buccinna to head a new local office for the firm in East Chatham, N.Y. The hiring of Buccinna as assistant vice president and business development manager is a result …
Climate researchers are warning that Europeans should prepare for the return of “Lucifer,” saying the hellishly named heat wave that hit parts of the continent this summer could become a regular occurrence due to man-made climate change. Hotter-than-usual temperatures in …
President Enrique Pena Nieto said Wednesday [Sept. 27] that preliminary accounting of the damage caused by the two big earthquakes that hit Mexico this month could cost upward of $2 billion (38.1 billion pesos). Pena Nieto stressed that damage assessments …
RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion. This estimate represents the insured losses associated with wind, storm surge and inland flood damage …
The 30th anniversary of the 1987 magnitude 5.9 Whittier Narrows earthquake is Sunday, and the head of the California Earthquake Authority is using that to remind Californians to buy earthquake insurance. The quake was reported to have caused $358 million …
Chubb Ltd. announced it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through …
Dr. Shealynn Buck, an expert in employee wellbeing and improving health outcomes, has joined Lockton Benefit Group in Dallas as chief medical officer. Buck will advise employers on health strategies that improve employee wellbeing, reduce costs and improve productivity. Dr. …
Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico would reduce its 2017 earnings by about …
A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings outlook is stable. Trisura Specialty is a newly …
