A report from A.M. Best examines the current state of the insurance market in the Middle East and North Africa (MENA) region. It notes that “over the past decade, the insurance industry has experienced strong growth in terms of premiums. …
Chicago-based Hub International Limited announced that it has entered into a definitive agreement to acquire Carrión, Laffitte & Casellas, Inc. (CLC), a full service insurance brokerage firm headquartered in San Juan, Puerto Rico. The announcement said the “acquisition represents the …
The Catlin group has invited “people around the world” to participate in its newest project, the “Catlin Seaview Survey,” which it, described as “a series of scientific expeditions to explore and survey the world’s coral reefs,” which the group is …
Lloyd’s of London’s first six months of 2012 financial figures couldn’t evince a greater difference from those posted in the first half of 2011. It posted profits of £1.53 billion ($2.47 billion). Lloyd’s said “the result follows a benign first …
Super typhoon Jelawat, or “sty 18w,” packing winds of 135 knots (155 mph – 250km/h) is currently located around 414 miles, 662 km, east-northeast of Manila, Philippines, according to the Pacific Joint Typhoon Warning Center (JTWC). It is moving slowly …
Unexpected Staffing Issues do cause E&O claims. Staffing is not usually the title of a PowerPoint slide in an E&O class but staffing is at the heart of many E&O claims. The simplest way in which staffing causes E&O claims …
A 4-square-mile wildfire in a rural San Diego County community has destroyed roughly a dozen homes and has left one man dead, a sober reminder the state has a large number of high risk homes and that Southern California’s peak …
A Massachusetts court recently ruled in favor of insurer Lloyd’s in a dispute over a commercial property and general liability policy excluding coverage for independent contractors. The insured, a property development firm called Cable Mills LLC, and its insurance agency …
EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has formed a new division, EPIC Motorsports. Operated by EPIC’s own collectors and racers, this division provides customers with insurance assistance for collector cars, racing, and …
U.S. Senator Mary L. Landrieu, D-La., announced that the U.S. Department of Housing and Urban Development (HUD) has urged Federal Housing Administration (FHA) mortgage lenders to ensure that homeowners receive the insurance payments they are entitled to from damage due …
