New York Issues First-in-Nation Regulation on Commercial Crime Insurance January 3, 2017 By Elizabeth Blosfield New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying...
Wells Fargo Settles Brokers’ Claims of Racial Bias January 3, 2017 By Kartikay Mehrotra, Zeke Faux and Noah Buhayar Wells Fargo & Co. settled a dispute with a group of black brokers claiming the bank failed to give them...
Marsh Completes Acquisition of Bluefin Insurance from AXA January 3, 2017 Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin...
Markel International Taps XL Catlin’s Godfrey as Head of Cargo January 3, 2017 Markel International, the London-based specialist insurer, has appointed Ryan Godfrey as senior underwriter and head of the cargo team within...
Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re January 3, 2017 Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results...
U.S. Refineries’ Accident Risk on Rise Due to Labor Shortage January 3, 2017 By Jarrett Renshaw After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but...
Newest Big Thing in Drones Is Technology to Block Them January 3, 2017 By Jeremy Wagstaff and Swati Pandey A boom in consumer drone sales has spawned a counter-industry of start-ups aiming to stop drones flying where they shouldn’t...
Strong Storm Causes Property Damage, Power Outages in Pensacola, Florida January 3, 2017 Authorities say about 30 homes show impacts from a storm with strong winds that swept through Pensacola, Fla., early Sunday....
Causey Sworn In As North Carolina Insurance Commissioner January 3, 2017 North Carolina’s new insurance commissioner was sworn in just as soon as 2017 began. Republican Mike Causey of Guilford County...
6 Injured When Logging Truck Crashes Into South Carolina Auto Repair Shop January 3, 2017 South Carolina investigators are sorting out why a logging truck plowed into a Greer auto repair shop, sending six people...