Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma August 18, 2016 Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44...
New Jersey’s Holman Insurance Services Acquires Risk Partners August 18, 2016 Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquiredRisk Partners Inc., a...
New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan August 18, 2016 Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA August 18, 2016 Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK August 18, 2016 By Julie Zhu and James Pomfret Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in...
Tropical Storm Fiona, 6th Storm of 2016, Forms in Central Tropical Atlantic August 18, 2016 By Brian K. Sullivan and Kelly Gilblom Tropical Storm Fiona, which formed more than 900 miles west of the Cape Verde Islands, is forecast to track across...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources August 18, 2016 By Joyce Koh, Komaki Ito and Oliver Suess Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance...
Kentucky Man Awarded $21M for ‘Unnecessary’ Heart Procedures by Hospital August 18, 2016 A jury has determined that a hospital in London, Kentucky, and its parent company should pay $21.2 million to a...
South Carolina Approves Updated RMS North Atlantic Hurricane Models August 18, 2016 Versions of global catastrophe risk management firm RMS’ North Atlantic Hurricane Models have been approved by South Carolina’s Department of...
Debt Collectors Cleared to Avoid Liability by Buying Out Claims August 18, 2016 By Paul Barrett Can a debt collector accused of crossing the line avoid liability by buying a consumer’s legal claim out from under...