The organization that keeps track of excess and surplus policies sold in Texas says the number of E&S flood insurance policies in place in the state’s coastal counties declined after Hurricane Harvey hit in August 2017. In the months after …
The Georgia Department of Insurance responded to 5,688 consumer complaints and inquiries, returning more than $3 million in insurance claim payouts in the first six months of 2019 to many of these policyholders, GADOI said in a statement. The money …
New York Department of Financial Services (DFS) Superintendent Linda A. Lacewell has announced new executive appointments. Steven F. Kluger has been appointed executive deputy superintendent for Capital Markets, James V. Regalbuto has been promoted to deputy superintendent for Insurance – …
Authorities are blaming misfired fireworks for starting a blaze that damaged the town hall in a Boston suburb. Firefighters in Randolph say the small fire broke out around 10 p.m. Wednesday, shortly after the town completed its annual Independence Day …
The Maryland Department of Labor has started notifying about 78,000 customers about potential unauthorized activity in two of its database systems. The department said Friday that while some personally identifiable information may have been accessed without authorization, an investigation by …
Pool Re, Britain’s terrorism reinsurer, announced the placement of its new retrocession program covering non-damage business interruption (NDBI) losses. The program incepted on July 5. The Counter-Terrorism and Border Security Bill 2018, which was signed in February 2019, allows Pool …
Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region. South Korean LK Insurance Services, Malaysia-based State Insurance Services and John Foord in Singapore have all joined the broking network, …
European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South Africa’s Naspers to launch an electric bike hiring business and roll out new generations of its electric scooters. Europe’s Dott, …
Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and customers. Lloyd’s, the insurance market …
Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from property/casualty insurance expansion in China and other …
