GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships September 11, 2018 By L.S. Howard Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution,...
AXA to Complete Acquisition of XL Group Sept. 12 September 11, 2018 AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd....
Chevron Wins Ecuador Environmental Case Before International Tribunal September 11, 2018 By Gary McWilliams Chevron Corp. said on Friday an international tribunal ruled in its favor in an environmental dispute with Ecuador, finding the...
Could Hurricane Florence Cost Insurers $20 Billion? September 11, 2018 By Ivan Levingston Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from...
Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint September 11, 2018 By Brian Chappatta Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has...
Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress September 11, 2018 By Ari Natter U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again...
Speed, Lack of Awareness Blamed for Three-Train SEPTA Crash in Pennsylvania September 11, 2018 Federal investigators say speed and a lack of awareness were likely to blame for an accident last year near Philadelphia,...
Lawsuit Says Maine Wholesale Owner Embezzled $1.5M in Lobsters September 11, 2018 A Maine lobster wholesaler is suing one of its owners, claiming he embezzled nearly $1.5 million worth of lobsters. Sea...
New Hampshire Hotel Sued Over Legionnaire’s Disease Outbreak September 11, 2018 Two Massachusetts women are suing a New Hampshire hotel at the center of a Legionnaire’s disease outbreak. WMUR-TV reports that...
CBIZ Hires Garguilo in Pennsylvania September 11, 2018 CBIZ has hired Michael A. Garguilo as president of the Northeast and Mid-Atlantic regions of CBIZ Insurance Services Inc. Garguilo...