Pre-Monte Carlo Outlook: Reinsurance Rates to Drop Up to 7.5% Despite Harvey September 5, 2017 By Carolyn Cohn Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition,...
Florida in State of Emergency as Category 5 Hurricane Irma Threatens September 5, 2017 By Abigail Morris and Javier Blas Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm...
New York’s BOLT Solutions Hires Temple as Managing Director September 5, 2017 BOLT Solutions Inc., a New York-headquartered provider of an online distribution and customer support platform for the property and casualty...
Federal Officials Recommend Fining New Jersey Transit System September 5, 2017 A federal inspector has recommended imposing a fine on New Jersey’s public transportation system as it falls behind on installing...
Two Charged in Scheme Selling Pennsylvania Driver’s Licenses September 5, 2017 An employee at Pennsylvania’s Department of Transportation granted driving privileges to more than 30 people without requiring them to show...
Hurricane Harvey Puts Pressure on Regional Insurers in Texas, Says A.M. Best September 5, 2017 Losses anticipated from Hurricane Harvey are unlikely to exceed the top reinsurance limits of insurers writing business in Texas, according...
Texas Deputy Insurance Commissioner Brady Retires September 5, 2017 Texas Department of Insurance Deputy Commissioner for Agency Affairs Kevin Brady has retired effective Aug. 31, after 33 years with...
AGCS Expands Terrorism, Political Violence Coverage for U.S. Businesses September 5, 2017 Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched coverage for U.S. businesses when faced with...
XL Innovate Backs Construction Risk Management Platform Pillar September 5, 2017 Pillar Technologies, which uses sensors to capture and distribute risk data on construction sites in real time, has secured $2.75...
Why Federal Flood Program Is Sinking Deeper Into Debt: CBO Report September 5, 2017 By Andrew G. Simpson The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no...