UK-based RSA has issued a bulletin following “the wettest June on record in the UK.” RSA said it expects a “net loss across the Group’s UK Household, Motor and Commercial Property portfolios from last month’s [June] adverse weather” of around …
A bulletin from the insurance think tank The Geneva Association notes that “leaders of the insurance industry have significant concerns about the effects of inappropriate regulation and the effects of the current economic crisis,” according to a survey it conducted. …
Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better manage its catastrophe risk. “Because of the rapid urbanization in …
Somalia’s president has shielded a top pirate leader from arrest by issuing him a diplomatic passport, according to a United Nations investigation which criticizes the “climate of impunity” enjoyed by pirate kingpins in Somalia and abroad. The U.N. Monitoring Group …
An Australian woman has won a multi-million dollar payout from UK Company Diageo Plc, the local distributor of the drug Thalidomide that caused birth defects in thousand of babies around the world in the 1960s, her lawyers said on Wednesday. …
Iran said it would insure any foreign ships that enter its waters, in an effort to skirt a European Union ban on insuring ships carrying Iranian crude that has hampered the country’s oil exports. “The Islamic Republic of Iran will …
Global Special Risks (GSR), part of RSG Underwriting Managers, LLC, has launched a new liability package policy for energy consultants working primarily in the complex offshore/onshore and “fracking” environments. The package policy includes CGL, professional liability, maritime employers’ liability and …
Benjamin J. McKay was named as executive director of the Surplus Line Association of California. The appointment was effective July 16. McKay joins the SLA-CA after a career in both the private and public sector. He spent the last eight …
A woman who worked at the Montana Women’s Prison while she was pregnant has filed a lawsuit alleging she contracted a virus that caused her child to suffer severe neurological damage. The Billings Gazette reported Brittany Mumm and her husband …
Authorities say increased penalties and enforcement have driven down the number of drunken driving arrests over the past three years. According to records reviewed by the Denver Post, court filings for driving under the influence and driving while ability impaired …
