Palomar Specialty in California Raises $17.5M in Surplus Capital February 23, 2015 Palomar Specialty Insurance Co. announced that it has successfully completed a $17.5 million surplus note issuance in a private placement...
E&O Insights: How to Calm the E&O Waters When Insuring Marinas February 23, 2015 By Curtis M. Pearsall As spring approaches, agencies may have some opportunities to secure commercial accounts dealing with watercraft business. These accounts, typically classified...
Winter Claims Rising in Boston, Driven by Ice Dam Damages February 23, 2015 By Denise Johnson and Young Ha Since the first winter storm hit Boston at the end of January, the city has removed over 10,000 truckloads of...
California Lawmaker Proposes Annual $52 Fee for Road Repairs February 23, 2015 Most California drivers would pay an extra $52 a year under a proposal to raise $2 billion a year to...
Fraud Adds Up to 17% to Auto Insurance Injury Claims: IRC February 23, 2015 A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to...
N.Y. to Monitor Insurers’ Cybersecurity Measures February 23, 2015 New York State Department of Financial Services (DFS) released a report Feb. 9 on cybersecurity in the New York insurance...
California Agents Asked to Inform Customers on Auto Financial Responsibility February 23, 2015 California Insurance Commissioner Dave Jones and state Sen. Ricardo Lara in February urged Californians to make sure they are meeting...
Commercial Lines Softening to Continue in U.S. in 2015: Marsh February 23, 2015 Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in...
Anbang Gets U.S. Approval for $1.95B Waldorf Buy February 23, 2015 China’s Anbang Insurance Group announced this month that its previously-announced agreement to buy New York’s Waldorf Astoria Hotel for $1.95...
Climate Change Affecting Hawaii Island Storms, Researchers Say February 23, 2015 Two university of Hawaii researchers say climate change is affecting rainfall on Hawaii Island. The researchers say heavy rainstorms are...