IICF Northeast Division Awards 16 New Grants Totaling $879,000 December 12, 2013 The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner on Wednesday....
NTSB: Technology Upgrade Likely Could Have Prevented N.Y. Train Derailment December 12, 2013 By Jim Fitzgerald Federal safety officials say a technology upgrade they’ve been recommending for years would probably have prevented the Dec. 1 train...
Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey December 12, 2013 Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary...
Ratings Recap: SAC Re, ZEP-RE, IRB-Brasil, Malaysian Re, Bahrain National December 12, 2013 A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of...
Excess Insurance and Equitable Subrogation: Oklahoma Clarifies Equitable Subrogation Rule December 12, 2013 By Steven Plitt Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair...
Personal Genetic Tests Now Subject to Sharper Scrutiny After 23andMe Episode December 12, 2013 By Anna Edney and John Lauerman The genetic test firm 23andMe Inc.’s clash with U.S. regulators over the direct sale of its gene analysis service to...
Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values December 12, 2013 By Michelle Conlin When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a “gold...
2013 Had Lowest Hurricane Count since 1982: Willis Re December 12, 2013 By Chris Vellacott The 2013 Atlantic storm season has proved one of the quietest in decades with the lowest number of hurricanes since...
Low Interest Rates Biggest Risk for Europe Insurers, Eiopa Says December 12, 2013 By Oliver Suess Low interest rates are the biggest risk for European insurers and pension funds, weighing on sales of retirement products, the...
Bond Managers Gain as Pension Funds Flock to Catastrophe Risk December 12, 2013 By Oliver Suess Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in...