Current State of P/C Insurance Agency Mergers and Valuations September 8, 2016 The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since...
Insurer Appeals Order to Pay Connecticut Diocese $945K for Abuse Settlements September 8, 2016 An insurance company has appealed an order by a federal judge in Connecticut to reimburse the Roman Catholic Archdiocese of...
Everest Insurance Adds Murray to New York City Office September 8, 2016 Everest Insurance, a subsidiary of Bermuda based Everest Re Group Ltd., has hired Matt Murray as regional leader of marketing...
New York Headquartered QBE North America Promotes Fanti September 8, 2016 QBE North America, a New York headquartered operating division of QBE Insurance Group, has promoted Jonathon Fanti to senior vice...
Court Rules Massachusetts Law Applies in Rhode Island Contamination Suit September 8, 2016 By Elizabeth Blosfield The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode...
Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires September 8, 2016 By Tom Westbrook Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to...
Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry September 8, 2016 Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of...
Lloyd’s Wins Right to Keep Oklahoma Quake Damage Lawsuit in New York September 8, 2016 By Robert Burnson Lloyd’s of London has kept its lawsuit against New Dominion LLC over fracking out of the state where the ground...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best September 8, 2016 Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from...
Barclays Says It Conducts ‘World’s First’ Blockchain-Based Trade Finance Deal September 8, 2016 By Jemima Kelly Barclays and an Israel-based start-up company have carried out what they say is the world’s first trade transaction using blockchain...