Massachusetts Court Affirms How to Calculate Interest in Workers’ Comp Suit May 10, 2017 By Elizabeth Blosfield The Massachusetts Appeals Court has affirmed the Department of Industrial Accidents (DIA) reviewing board’s decision in a case involving how...
AXIS Capital CFO Henry to Retire; Vogt Named as Successor May 10, 2017 AXIS Capital Holdings Ltd. announced that Chief Financial Officer Joseph Henry will retire at the end of 2017 after five...
CEO Pusey to Leave Insurer Trade Group AIA for Eli Lilly May 10, 2017 The American Insurance Association (AIA) announced today that President and CEO Leigh Ann Pusey will be stepping down on June...
Startup Lemonade Enters California Homeowners, Renters Insurance Markets May 10, 2017 Insurance startup Lemonade is now selling homeowners and renters insurance in California. California marks the third state of entry for...
Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims May 10, 2017 By L.S. Howard Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets,...
Cross Insurance Acquires A.E. Barnes Insurance Agency in Massachusetts May 10, 2017 Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., is continuing to grow its presence in Massachusetts with the...
Woman Burned by Connecticut Bible Camp Heater Awarded $1.4M May 10, 2017 A woman who was severely burned by a propane heater at a Connecticut bible camp has been awarded $1.4 million...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley May 10, 2017 Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital May 10, 2017 By Maya Nikolaeva and Matthieu Protard AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance May 10, 2017 By Oliver Suess For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping...