Update: Hurricane Florence Slows to Category 2; Dangerous Storm Surge, Rainfall Still Expected September 12, 2018 Thurs., Sept. 13, 11 am: Hurricane Florence was downgraded to a Category 2 hurricane yesterday as its maximum sustained winds...
Climate Forces Behind Florence Look Like Those of Harvey, Sandy September 12, 2018 By Jim Efstathiou Jr. and Eric Roston As Hurricane Florence barrels toward North Carolina, it’s being strengthened and guided by a one-two punch of climate factors scientists...
Federal Judge Rules Cryptocurrency Falls Under Securities Law September 12, 2018 By Brendan Pierson U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on...
Everest Insurance Adds 3 Members to Cyber Practice September 12, 2018 Everest Insurance has expanded its Everest Specialty Underwriters (ESU) Financial Lines group with the addition of three cyber liability team...
Carlyle Group In, KKR Out as Sedgwick Majority Investor in $6.7 Billion Transaction September 12, 2018 Global claims services firm Sedgwick announced today that funds managed by The Carlyle Group have agreed to become the majority...
Vindati Platform Looks to ‘Delight’ Brokers Serving Small-Medium Businesses September 12, 2018 There will soon be a new specialty insurance site that promises to quicken and simplify transactions for U.S. insurance brokers...
How to Help Clients with Disaster Claims and Avoid Agency E&O Claims September 12, 2018 By Patrick Wraight In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance...
Regulators Reject Wells Fargo’s Plan to Repay Insurance Customers: Reuters September 12, 2018 By Patrick Rucker U.S. regulators have rejected Wells Fargo & Co.’s plan to repay customers who were pushed into unnecessary auto insurance, telling...
Insurers Forecasting Significant Claims from Businesses from Hurricane Florence September 12, 2018 By Katherine Chiglinsky and Ivan Levingston Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims...
Donegal Exits Personal Lines Insurance in 7 States, Transfers Business to Safeco September 11, 2018 Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does...