Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion AIA shares in a …
Last August, Hurricane Irene spun through the Caribbean and parts of the eastern United States, leaving widespread wreckage in its wake. Many hurricane analysts suggested, based on the wide extent of flooding, that Irene was a “100-year event”: a storm …
While 2011 marked the fourth deadliest year on record for tornadoes in the United States, Texas was spared tornado-related fatalities and recorded fewer-than-average number of such storms. Not so in Alabama, which led all other states in the number of …
Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Technology/Cyber/Media Coverages Market Detail: S.H. Smith & Co. offers a variety of coverages including, …
How Insurance Helped Getaround Get Going Can technology positively impact a billion people in just 10 years? Possibly, if insurance is available. Consider taking a low-use personal automobile — which might sit idle most of the time — and making …
Smoking Danger “The best analogy is like it was trying to hold a bottle rocket in your mouth when it went off. The battery flew out of the tube and set the closet on fire.” —Joseph Parker, North Bay (Fla.) …
When Jessica Scorpio, 24, began her quest for insurance for Getaround.com, a peer-to-peer car sharing organization, she ran into a few closed doors. “I definitely spent my whole 22nd year banging on insurance doors,” she said. Scorpio, who serves as …
Trucking companies are going to court to fight Obama Administration rules designed to assure that commercial truckers on the road get proper rest. The American Trucking Association filed a petition with the U.S. Circuit Court of Appeals for the District …
The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That’s after a near-record number of tornadoes in 2011, according to forecasters at AccuWeather.com in State College, Penn. Last year ranks as the fourth most deadly …
