A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s stock sliding, wiping out $3.1 billion from its valuation. Distressed developer Country Garden, on the other hand, jumped 12% to …
More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter due to lacking natural gas infrastructure, the North American Electric Reliability Corp (NERC) …
An increase in serious near-miss aviation incidents is a “clear warning sign that the U.S. aviation system is sharply strained,” National Transportation Safety Board (NTSB) chair Jennifer Homendy will tell a U.S. Senate panel on Thursday. Homendy, who will testify …
Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to absorb business from the admitted market. AM Best on Monday changed its U.S. E&S outlook from “stable” to “positive,” considering …
The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now, the Florida Supreme Court could soon decide another …
A federal judge on Monday pared back a U.S. government lawsuit accusing drug distributor Cencora, formerly called AmerisourceBergen, of fueling the nation’s deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders of prescription painkillers. U.S. District …
C3 Risk & Insurance Services, headquartered in San Diego, Calif., named Marife Molina executive vice president of strategic revenue. Molina comes to C3 Risk & Insurance Services from Chubb, where she served as senior vice president, regional leader of its …
This post is part of a series sponsored by CoreLogic. Welcome to the final installment of our four-part series on wildfire hazard and risk management where we will explore the optimal use of CoreLogic’s wildfire risk models within the insurance …
Higginbotham announced the expansion of its multi-year investment in collegiate athletics to include ten universities in the southern region of the United States through its continued sponsorship agreement with LEARFIELD, a media and technology company that partners with college athletic …
This post is part of a series sponsored by AgentSync. Insights from NAMIC’s compliance webinar presented by AgentSync Solutions Architect Sandy Allen Did you know there were more than 250 changes to insurance regulations in the U.S. just last year? …
