The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and operating results. Insured losses from winter storms and severe …
BUA, a provider of event cancellation insurance for trade shows and sporting events, has introduced NoShow non-appearance insurance. The NoShow program is designed for concerts and other events for which the non-appearance of person or group of people may cause …
Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by Insurance Journal shows. That consistency is the …
Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate editor of Claims Journal. Johnson’s background includes various claims positions, including serving as a senior claims examiner, field claims representative and a claims …
Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has associates in Las Vegas, Nev. and Woodland Hills, Calif. Crump said that …
The flooding that has inundated low-lying communities and farmland for miles along the Upper and Lower Mississippi River is due to a large, slow-moving storm system that was spawned nearly a month ago. “The flooding began when a critical weather …
The Securities and Exchange Commission recently charged six executives of Kansas-based Brooke Corp and two of its subsidiaries with hiding critical information from investors and conducting financial fraud, according to a criminal complaint. The SEC says five executives have agreed …
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy. In order to protect owners’ vital revenue streams from this risk, Marsh launched Charter Default, a product that provides a mix …
As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …
The White House Thursday pressed Congress to pass strong cybersecurity measures to protect consumers’ personal information and safeguard the nation’s financial system and electric power grid from potentially devastating attacks. Several cybersecurity bills have limped along in Congress over the …
