Evacuation orders were lifted Monday evening after firefighters made significant progress containing 50 percent of a smoky mountain wildfire west of a lake near Bakersfield, officials said. The blaze has destroyed three houses, damaged another and forced hundreds to flee …
K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program with enhanced coverage options for bowling facilities. The bowling center program provides coverage for bowling operations and associated exposures, including arcade/video games, food concessions, liquor exposure, …
The National Weather Service has confirmed that a tornado touched down for a mile-and-a-half in Orangeburg County earlier this week. The Times and Democrat of Orangeburg said the tornado, with winds of up to 85 mph, touched down near Bowman …
Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of the Insurance and Housing Subcommittee, the …
Bermuda-based Ironshore Canada has announced its entry into the Commercial Property Market with capacity that enhances its existing suite of specialty products available in the Canadian region. “Ironshore Canada has licensed approvals to provide property coverage products to select, specialty …
US and London-based risk management company ImageCat has flowed up its successful launch of “inhance” with a new partnership with the global property information, analytics and data services provider CoreLogic, which it said would “allow re/insurers to reduce significantly the …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that Servet Gurkan, Chairman and CEO of Aon Benfield Turkey, plans to retire and will leave the firm on July 1st. Ferhan Ozay will take over as …
A report from Catlin Group Limited explains that its Seaview Survey, “using specially developed underwater imaging techniques,” is revealing how Tropical Cyclone Ita impacted exposed parts of the Great Barrier Reef earlier this year. The Catlin sponsored Seaview Survey is …
As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital markets—hedge funds, pensions and others that have found innovative …
ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70 million shares …
