Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe’s most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone, as Spain’s soaring borrowing costs raised new alarm. Spain’s 10-year bond yield hit a euro lifetime …
OneBeacon Insurance Group Ltd. has appointed John C. Treacy as senior vice president of Finance. He is based in the company’s U.S. corporate headquarters in Minnetonka, Minn. and reports to Chief Financial Officer Paul McDonough. Treacy’s prior experience includes over …
In what could be shaping up to be one of the worst wildfire seasons in recent memory, insurers are scrambling to deal with the aftermath of several massive wildfires in the region – and they’re preparing people for the possibility …
Connecticut is the latest state to liberalize collateral requirements for foreign-based reinsurers, and California could be next on the list, after a similar bill passed that state’s Senate. Connecticut Gov. Dannel Malloy on June 4 signed Public Act 139, a …
Congratulations. You’ve set up your company’s Facebook, LinkedIn, and Twitter accounts. Now you just have to log into each one, post updates, start discussions, tweet, read comments, check analytics to see how effective they are, and work. Oh right – …
Trade groups representing global financial companies have applied to operate the new domain names .insurance and .bank. on behalf of the financial services industry. The American Bankers Association (ABA) and The Financial Services Roundtable have applied to operate registries for …
New York regulators said they have ordered three major insurers offering ‘force-placed’ homeowners insurance in New York to submit proposals for new premium rates.The state’s Department of Financial Services (DFS) said Tuesday the order was sent out after regulators determined …
New York’s top court says misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder.
San Francisco, Calif.-based Woodruff-Sawyer & Co. named Dave Ring a producer in the agency’s property/casualty practice. Ring will focus on business development and client relationship management in the firm’s developing presence in the Central Valley. Ring has over 23 years …
The board of governors of Florida’s Citizens Property Insurance Corp. pulled off not one, but two shockers in the past 24 hours with respect to its choice of a new permanent president to lead the state-run insurer. First, the board …
