Transatlantic, Allied World Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG have agreed to a merger that will create a leading, global specialty insurance and reinsurance company. The combined entity will have total invested assets of $21 billion, …
A Smaller Zone “We actually have less acreage in the flood zone than before. … We were quite pleased.” —Broussard Mayor Charles Langlinais commented on the impact on his city of a new flood map for Louisiana’s Lafayette Parish. The …
Shopping Date “We don’t have a specific date set for that at this time.” —Florida Gov. Rick Scott’s press secretary when asked if and when the state planned to restore an insurance department Web site that gave consumers an online …
A new study says a big Southern California earthquake would rattle the region’s economy and its buildings. The U.S. Bureau of Labor Statistics said a magnitude-7.8 quake in the southern segment of the San Andreas Fault would affect hundreds of …
Barely a day goes by without news of another data breach at a major corporation or institution. From Sony to Citicorp, and the International Monetary Fund to the U.S. Senate, systems have proved vulnerable to hackers with uncertain motives. For …
Forests and Fires “Our forest health policies need an overhaul. … In the short term, we need to address regulations that hamper timber salvage in the burnt areas. In the long term, we need to enter into public-private partnerships in …
As Web sites and social media companies like Facebook and LinkedIn have proven, new media is nothing if not great in building a community. That’s why long-time insurance educators Laurie Infantino, Ray Infantino, Tom Jackson and Marjorie Segale a have …
Lloyd’s Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd’s insurer that it “has withdrawn from merger discussions.” Novae said it has “concluded that it is unlikely a transaction can be structured at this …
As levels of international trade and the importance of emerging economies increase, Lloyd’s has been very active in its efforts to open up access to overseas markets. However, in an article on its web site it called for “greater co-operation …
Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said on Friday, demanding a cross-border campaign to combat the security threat. “Most countries don’t even have a legal framework that …
