S&P: Primary P/C Insurers, Not Reinsurers, to Bear Brunt of Harvey’s Insured Losses August 29, 2017 While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed...
P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best August 29, 2017 The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017,...
AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote August 29, 2017 AXIS Capital Holdings Ltd. announced that shareholders of Novae Group have approved the company’s acquisition by AXIS. Approximately 99.97 percent...
IGI Appoints Jabsheh as Executive Director, IGI UK, in Expanded Company Role August 29, 2017 International General Insurance Holdings Ltd. (IGI), the specialist commercial insurer and reinsurer, has announced the appointment of Waleed Jabsheh as...
New York’s Cybersecurity Regulation Compliance Requirements Go Into Effect August 29, 2017 Financial Services Superintendent Maria T. Vullo reminded all entities covered by the New York State Department of Financial Services’ (DFS)...
Trial Nears for Final Defendant in Delaware Murder-For-Hire Case August 29, 2017 A judge is holding a final case review for the last of four defendants charged in the murder-for-hire killings of...
Massachusetts Prosecutors Seek $13M in Deadly Meningitis Outbreak August 29, 2017 Boston federal prosecutors are seeking more than $13 million from a Massachusetts pharmacy co-founder who was sentenced to prison in...
Vermont’s The Richards Group Joins The Northern United Agents Alliance August 29, 2017 The Northern United Agents Alliance (NUAA) has announced that The Richards Group of Brattleboro, Vermont, has joined NUAA along with...
Tornado in Florida Causes Damage to Several Buildings August 29, 2017 A tornado damaged buildings and cars and toppled trees in Florida but no one was hurt. The Bradenton Herald reports...
Barbour to Take Over as CEO of Independent Insurance Agents of Georgia August 29, 2017 Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, currently vice president of Governmental Affairs, will serve as its...