Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint September 11, 2018 By Brian Chappatta Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has...
Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress September 11, 2018 By Ari Natter U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again...
Speed, Lack of Awareness Blamed for Three-Train SEPTA Crash in Pennsylvania September 11, 2018 Federal investigators say speed and a lack of awareness were likely to blame for an accident last year near Philadelphia,...
Lawsuit Says Maine Wholesale Owner Embezzled $1.5M in Lobsters September 11, 2018 A Maine lobster wholesaler is suing one of its owners, claiming he embezzled nearly $1.5 million worth of lobsters. Sea...
New Hampshire Hotel Sued Over Legionnaire’s Disease Outbreak September 11, 2018 Two Massachusetts women are suing a New Hampshire hotel at the center of a Legionnaire’s disease outbreak. WMUR-TV reports that...
CBIZ Hires Garguilo in Pennsylvania September 11, 2018 CBIZ has hired Michael A. Garguilo as president of the Northeast and Mid-Atlantic regions of CBIZ Insurance Services Inc. Garguilo...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness September 11, 2018 By Suzanne Barlyn Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers...
Georgia Woman Arrested for Torching Home, Filing Claim with State Farm September 11, 2018 A Habersham County, Ga., woman has been charged with first-degree arson for allegedly setting fire to her home and one...
Tennessee: $3.2M in Restitution Returned to Insurance Consumers So Far in 2018 September 11, 2018 The Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services Section has returned $3.2 million so far to Tennesseans...
CoreLogic: 759K Homes, $170B in Reconstruction Value at Risk from Florence Storm Surge September 11, 2018 Nearly 759,000 homes with a reconstruction cost value (RCV) of approximately $170.2 billion are at potential risk of storm surge...