Insurance News from April 23, 2019
National News
FEMA Transfers More Flood Risk with $300 Million Cat Bond
The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance...
International & Reinsurance News
Marsh, Guy Carpenter and JLT to Merge Latin America Facultative Reinsurance Units
Marsh and Guy Carpenter, both wholly owned subsidiaries of Marsh & McLennan Cos....
Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America
Powerful Earthquake Strikes Philippines, Causing Deaths and Damage
Notre Dame Fire Should Be Wake-Up Call for State of Other European Monuments
Swine Virus Causes Panic Among Chinese Farmers as 80% Decide Not to Restock
East News
Commuter Train Hits Truck in Massachusetts, Injuring Three
Officials in Bridgewater, Mass., say a pickup truck with three people inside was hit by...
West News
California Wildfires Helped Drive Homeowners Premium Volume in Surplus Lines
Wildfires have evidently been driving more Californians into the surplus lines market,...
Southeast News
Florida Contractor Accused of $40K AOB Insurance Fraud Scheme
A restoration contracting company owner was arrested this month in Florida for...
Texas / South Central News
Study: $76.4M in Texas Home Values Erased by Flooding Tied to Sea Level Rise
New research shows that increased tidal flooding caused by sea level rise has eroded...