The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the …
XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and provide potential insurance buyers with …
Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write P&C catastrophe coverage, that it’s hard to believe the service is only 25 years old. It was launched in 1987 under the direction of Karen Clark, …
A golfer is suing Maui County, Hawaii for a bird attack. Ray Sakamura claims in his lawsuit that he was attacked by a large bird at the Waiehu Municipal Golf Course. He claims he was golfing when a duck or …
When 17-year-old Alondra Esquivel needs to get from her rural central California home to classes at Fresno State University 20 miles (32 kilometers) away, she must rely on rides from her relatives or her boyfriend. Most Californians her age can …
Hampton, N.H.-based The Strategic Insurance Agency Alliance added three members in the West in August. SIAA added 30 total for the month. Of the signed members, 18 are new to the independent agency system, many of them former captive agents. …
While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the property/casualty insurance industry in Louisiana, the state’s …
A California insurance agent and Vietnam War veteran is the public face for the anti-Muslim film inflaming the Middle East, several news sources are reporting. Film promoter and insurance agent Steve Klien, who ran in 2002 for insurance commissioner, is …
The developer of the Grand Canyon Skywalk is asking a federal judge to enforce a more than $28 million judgment against a northern Arizona tribe. The American Arbitration Association awarded David Jin the money in a contract dispute with the …
Six mutual insurance companies have been inducted into the National Association of Mutual Insurance Companies’ (NAMIC) Century Club in recognition of 100 years of serving their policyholders. Five of the new members are located in the Midwest. With these new …
