A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education classes they must take to conduct business in the state. Among the changes: insurance adjusters and agents operating …
The U.S. judge who tossed out one of the biggest court cases in Apple Inc.’s smartphone technology battle is questioning whether patents should cover software or most other industries at all. Richard Posner, a prolific jurist who sits on the …
About 1.3 million homes and businesses in the eastern United States remained without power amid a heat wave on Tuesday, and storm damage and high temperatures forced many Fourth of July celebrations to be canceled. Violent weekend storms and days …
Denver, CO, 07/05/12 – Insurance agency consultants, Burand & Associates, and family business advisors, SageQuest Consulting, are proud to announce the first of its kind, holistic perpetuation planning program – Perpetuation NexGen. “The need for perpetuation or succession planning is …
Mitsui Sumitomo at Lloyd’s has appointed Martin Burke as Chief Risk Officer. He has worked within the Lloyd’s and company markets for 15 years, most recently serving as Finance Risk Manager within the Enterprise Risk Management team at Catlin. In …
Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in January 2012. The updated property market loss estimate for Andrea is €337 million [$422 million], compared to the second …
Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced that it has increased its global reach by establishing a presence in Singapore to cover facultative reinsurance for Singapore and Asia. The bulletin noted that “Faber places …
BMS Group, the London-based global broker, announced that it has reached an agreement with US actuarial specialists Pinnacle Actuarial Resources, Inc. to provide predictive modeling to its clients. “Specialist predictive modeling has become an essential element in any leading-edge analytics …
The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against growing concerns about natural disasters and, in the process, helps ensure a sustainable future, according to Rowan Douglas, CEO of …
All of Europe’s biggest economies are in recession or heading there and there is little sign things will improve soon, surveys showed on Wednesday, backing a growing view that the region’s major central banks are poised to ease policy this …
