PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance May 25, 2016 By Andrew G. Simpson Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same...
FEMA Vows Changes to Flood Insurance Claims Appeals May 25, 2016 After learning some hard lessons from Superstorm Sandy, the Federal Emergency Management Agency says it is reforming the way it...
Allstate Debuts Insurance Coverage for Homeowners Sharing Their Homes May 25, 2016 In a move to serve customers who rent out their homes on a temporary basis, Allstate has filed plans to...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments May 24, 2016 By Don Jergler Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according...
3 Baldwin & Lyons Senior Execs Resign; CEO Cites Differences with Chairman; New CEO Named May 24, 2016 By Mark Hollmer Three senior executives of specialty transportation insurer Baldwin & Lyons have abruptly retired and the insurer said it has retained...
Appeals Court Throws Out $1.27B Fraud Penalty Against Bank of America Mortgage Unit May 24, 2016 By Jonathan Stempel and Nate Raymond A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp. was liable for mortgage...
Program Administrator SIS Appointed Lloyd’s Coverholder May 24, 2016 Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a...
Labor Unions Searching for Strategies to Join the Gig Economy May 24, 2016 By Dan Levine and Daniel Wiessner The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber...
Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires May 24, 2016 Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley...
Insurers Rethinking $17.7 Billion Invested in Hedge Funds May 24, 2016 By Katherine Chiglinsky and Sonali Basak Insurers have had about enough of hedge funds. Stung by market-trailing returns, the insurance industry in the U.S. is reversing...