The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on Europe must decide whether to give the country yet more help or cut it loose. For all its complexities, Greece’s problems essentially come down …
Tropical Storm Isaac closed in on the U.S. Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting U.S. offshore oil production as it threatened to make landfall between Florida and Louisiana as a full-blown hurricane. The …
Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. (ASRe) as a Casualty Underwriter to assist in the expansion of the reinsurer’s casualty portfolio. He has over 15 years of experience in the casualty insurance and reinsurance market. Prior to …
According to catastrophe modeling firm AIR Worldwide, Tropical Storm Isaac made landfall about 40 miles [64 kms] east of Guantanamo, Cuba, on Sunday with sustained winds of 60 mph [96 km/h]. AIR said Isaac’s “passage over the mountainous tip of …
The strongest typhoon to approach Okinawa in several years was bearing down on the southern Japanese island on Sunday as residents were told to stay indoors and warned its strong gusts could overturn cars and cause waves of up to …
XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager. He reports to Managing Director & Head of Casualty Reinsurance in North America Christopher Buse, and is responsible for …
According to Swiss Re’s latest study – The Italian insurance market: opportunities in the land of the Renaissance – “Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.” The report …
North Carolina Gov. Beverly Perdue last week created a panel to find ways to crack down on businesses that are skirting North Carolina law on workers’ compensation insurance or taxes and gaining a competitive advantage to acquire work and earn …
There’s an app for just about everything. And although a new workers’ compensation application from the University of Alabama at Birmingham may not be a must-add to every smart phone, its developers say it will be pretty handy for those …
Delaware’s insurance commissioner, Karen Weldin Stewart, said this week the state’s captive insurance industry is growing at a fast pace. She also said the insurance department has recently given $250,000 from the captive insurance program’s surplus money to the state. …
