A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017 February 7, 2018 Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven...
XL Catlin Promotes MacColl as Global Practice Leader for Hull, Succeeding Talbot February 7, 2018 XL Catlin announced the promotion of Mike MacColl to the position of global practice leader for Hull with immediate effect....
How Disasters Expose Challenges and Opportunities for Insurance February 7, 2018 By Elizabeth Blosfield Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped...
Pennsylvania Jury Awards $1.7M to Injured Little League Player Hit by Foul Ball February 7, 2018 A Pennsylvania jury has awarded $1.7 million to a Little League player who was hit in the head by a...
Businessman in Vermont Ski Resort Fraud Case Agrees to Pay $81M February 7, 2018 By Lisa Rathke A Miami businessman accused of massive fraud involving foreign investors’ money in a Vermont ski area has agreed to pay...
Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank February 7, 2018 Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in...
Maryland Issued $466K in Insurance Fraud Fines, Penalties in 2017 February 7, 2018 For the calendar year 2017, Maryland Insurance Commissioner Al Redmer Jr. authorized civil orders and criminal charges totaling $466,261 in...
Massachusetts’ Rogers & Gray Insurance Promotes Gaynier February 7, 2018 Rogers & Gray Insurance, a Kingston, Mass-based independent insurance agency, has promoted John Gaynier to executive vice president and partner....
AmWINS Completes Acquisition of Seacoast Brokers, Trident Claims Management February 7, 2018 AmWINS Group, Inc., a global distributor of specialty insurance products and services, has completed the previously announced acquisition of Seacoast...
Bangladesh to File Suit Against Philippines Bank over $81M Cyber Heist February 7, 2018 By Ruma Paul Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest...