Zurich Insurance Group has appointed Alison Martin to the role of chief executive officer Europe, Middle East & Africa (EMEA) and Bank Distribution with immediate effect. Martin will continue to oversee the Group Risk Management function for a limited period …
Two of Italy’s largest financial institutions, insurer Assicurazioni Generali and state fund CDP on Wednesday urged China to do more to open up its financial services industry to Italian firms and other foreign groups. Generali’s international business chief, Jaime Anchustegui, …
Shares in Protector Forsikring fell 12% on Wednesday after the Norwegian insurer warned about a second-quarter loss, partly because it had lost an arbitration case related to the 2017 Grenfell Tower fire in London. It said the quarterly loss would …
A yearlong market conduct exam of Blue Cross Blue Shield of North Dakota (BCBSND) has resulted in a $125,000 fine against the company, the state’s insurance department reported. According to the North Dakota Department of Insurance, the examination investigated and …
The number of Oklahoma earthquakes registering a magnitude of 3.0 or greater is on pace to decline for the fourth straight year after state regulators began directing oil and natural gas producers to close some wells and reduce injection volumes …
RiverStone has acquired Rockville Risk Management and ER Quinn Company (collectively, Rockville). Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides comprehensive claim services to insurers, syndicates, managing general agents, re-insurers and self-insureds. Following the …
Virginia will receive $1.8 million from the Federal Emergency Management Agency for electrical distribution repairs as a result of damages caused by Tropical Storm Michael. The grant will be used to reimburse communities for the actions they took in the …
A metal treating facility in Glendale Heights, Illinois, has been cited by federal officials for workplace safety violations and faces imposed penalties of $181,662. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited Hudapack Metal Treating of …
A federal judge will allow a waitress who claims she was fired because of her pregnancy to join a lawsuit against a Bismarck restaurant. The judge decided Erica Davidson is within her rights to intervene in the Equal Employment Opportunity …
A new report issued by the Missouri Department of Insurance shows that earthquake insurance coverage in the highest risk areas of Missouri has dropped to just under 14 percent. According to the department, the Earthquake Insurance Market Report highlights some …
