Washington Insurance Commissioner Mike Kreidler issued $255,000 in fines in March for violations of state insurance laws and regulations. The fines and violations listed by Kreidler’s office included: Coordinated Care Corp.; fined $35,000 Due to a misconfiguration in the company’s …
A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about geopolitics, inflation and natural catastrophes and reported positive year-to-date underwriting results. Leaders talk optimistically of the pivot to growth and …
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to several leadership shake-ups. First there was the merger. Third Point Re merged with Sirius International Insurance …
A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last …
In an attempt to deploy excess capital, some major European insurers have developed overseas operations over the past several years but are now taking a more cautious approach, as not all overseas strategies have proven successful, according to a new …
A man who accidentally started a 2012 wildfire that burned over a mountain and threatened the town of Jackson has agreed to a $2.9 million payment under a legal settlement. James G. Anderson Jr., 79, will be responsible for $425,000. …
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a KPMG International report released this week. Based on a survey of 280 …
A report published by Guy Carpenter & Co., released Sept. 2015, identified four key areas of emerging risk for re/insurers: cyber risk, technology risk, casualty catastrophe and reserving, and life, health and longevity risk. In the report, titled “A Clearer …
London-based RSA announced it has promoted Paul Middle to the role of global telematics partnering director. Effective immediately, Middle will be responsible for growing RSA’s telematics portfolio globally across both personal and commercial lines, working with the company’s core regions …
European re/insurers are well positioned to withstand the current volatility in the stock markets, having made significant changes to their investment portfolios since the global financial crisis of 2008, as well as the subsequent European sovereign debt crisis in late …
