The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had enough capital to withstand a Japanese quake generating …
The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance sector. But cat bond investors are still …
Richard Simanoff has joined Manhasset, New York-based Morstan General Agency as senior broker. In his new role, Simanoff will expand brokerage business, assist in the building of a large lines division, help to open new brokerage markets and solicit brokerage …
It’s no secret that property/casualty insurers have been fielding more and more sinkhole claims in Florida and now online hazard mapping firm CDS Business Mapping and its RiskMeter Online service have come up with a list of the top 10 …
Laid back beach communities, fragile wetlands perfect for canoeing or kayaking, and iconic lighthouses come to mind when picturing North Carolina’s coast. In reality change is the norm along the coast, and although nothing is certain, a warming climate could …
Wells Fargo Insurance Services USA Inc. has named Patrick Conway as managing director of its insurance operations in Kentucky. Working with local offices and bank partners, Conway will manage distribution of the company’s insurance products and services. He is based …
A New York judge says the NFL must be limited in how much money it can recover when injured NFL players receive state workers’ compensation awards. Judge Paul Crotty wrote in a decision that the NFL sometimes wants to recover …
Police in Connecticut are bolstering patrols this week to look for distracted drivers as part of a federal pilot program. Lt. Gov. Nancy Wyman and police officials announced the fourth and final enforcement wave of the program at a Capitol …
USAA, an insurer for the military community, unveiled its first “Best Value” vehicle list that names the top 2011 automobiles in 16 categories based on quantitative data used in USAA’s proprietary rating system. The “Best Value” vehicles typically have better …
Workers’ compensation carrier Accident Fund Holdings Inc. today unveiled its new national headquarters on the site of the former Lansing Board of Water & Light Ottawa Street Power Station in downtown Lansing, Michigan. The new facility, located on a seven-acre …
