The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country’s northeast this month at 16-25 trillion yen ($185-$308 billion), making it the world’s costliest natural disaster. It said the estimate covered …
Bermuda-based Platinum Underwriters Holdings has announced that it currently expects the 2011 Australian floods and Cyclone Yasi and the 2011 New Zealand earthquake will “have a net negative impact of approximately $25 million and $135 million, respectively, on the Company’s …
A.M. Best Co. has placed under review with developing implications the debt rating of “bb+” on $200 million Series 2008-1 Class A principal at-risk variable rate notes due August 5, 2011, issued by Topiary Capital Limited, which is based in …
London-based Lloyd’s insurance and reinsurance broker United Insurance Brokers (UIB) has indicated that there may be some insurance exposure as a result of the unrest in Libya, and the decision by the UN to sanction a “no-fly zone” to protect …
Ironshore Inc. has introduced Ironshore AgriProtection, an agriculture industry lead umbrella policy launched in response to increased demand from a large, middle market commercial agribusiness entities. Ironshore Specialty Casualty can provide coverage enhancements including coverage for herbicide, pesticide, and fertilizer …
The San Fernando Valley (California) Business Journal (SFVBJ) has recognized L/B/W Insurance & Financial Services CEO Mitzi Like as one of 10 “Business Women of the Decade.” Like was recognized for her “continued success and business savvy” at the publication’s …
Encircle Insurance Services has joined ISU International. ISU Encircle Insurance Services owners Paul and Dori Caccamise together bring more than 50 years of experience as commercial and employee benefits brokers to the ISU Network. Located in El Cajon, Calif., the …
A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request. Florida regulators are holding a public hearing today to consider the First Community Insurance Co.’s request that …
An insurance company is asking a judge to dismiss a lawsuit filed by an Aspen restaurant seeking compensation for business it lost after a bomb threat on New Year’s Eve 2008. There were widespread evacuations in Aspen, Colo., that night …
Starr Marine Agency, Inc., a member of Starr Companies, announced that Christine Santiago has joined Starr Marine as Commercial Inland Marine (CIM) product line manager. Santiago has over 25 years of experience in the P&C insurance business with the last …
