Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots (~106 mph 1-minute sustained). The …
The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …
The City of Augusta, Ga., has settled a whistleblower suit against a former deputy coroner who said he was retaliated against for reporting that the coroner was stealing money and property from dead people. The Augusta Chronicle reported July 8 …
Fire officials say fire destroyed an apartment building at a complex near the University of Central Florida. It took about 60 firefighters to put out the fire at the Tivoli Apartments on the afternoon of July 12. Seminole County Fire …
West Virginia Gov. Earl Ray Tomblin declared a state of emergency July 13 for Braxton, Webster and Wood counties after severe flooding. The state of emergency seeks to address the rockslides, mudslides and severe flooding that resulted from heavy rain …
A legal challenge to the constitutionality of Florida workers’ compensation system that was thrown out by a state appeals court may be headed to the Florida Supreme Court. The plaintiffs in the case have asked the state’s high court to …
Risk Settlements has added Steven Schienvar as a managing director in Dallas. Schienvar previously spent 13 years at AIG in various positions including president of AIG’s assumed reinsurance division (AIG Re), and executive vice president, chief operating officer and chief …
A bill introduced in Michigan would require transparency and detailed financial and actuarial information from the Michigan Catastrophic Claims Association (MCCA) to be published on the association’s website. House Bill 4752, introduced by Rep. Derek Miller (D-Warren), would require the …
Several Midwest states have been hit with damaging winds, tornadoes and flooding over the past several days. Forecasters say at least four unconfirmed tornadoes may touched down in western Minnesota when strong storms moved through the state. In Indiana, residents …
Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new policy developed specifically for U.S. healthcare providers. According to CFC’s Cyber Practice Leader, Vicky Paxton, “Healthcare companies have arguably become the largest target …
