According to figures compiled for Willis Capital Markets & Advisory (WCMA), part of global insurance broker, Willis Group Holdings, “last year saw the second highest level of catastrophe bond issuance on record signaling strong growth in the market.” As of …
Colorado politicians are steaming that $125 million in aid for last year’s wildfires was removed from the Sandy relief bill. The Republican-controlled House of Representatives stripped that funding from the Sandy bill before approving it last week. That infuriated Colorado’s …
The current Los Angeles schools superintendent and five of his predecessors in Southern California have been sued on grounds that they systematically covered up complaints about teacher sex abuse of students over the past two decades. Attorney Brian Claypool said …
Crum & Forster hired George Burr as vice president of California workers’ compensation claims. Burr will manage C&F’s West Coast workers’ compensation claims office located in Orange County, Calif. Burr reports to Stephen Eisenmann, senior vice president of claims. Burr …
The new law providing federal disaster aid for victims of Superstorm Sandy includes a provision that makes it easier for native American tribes to access recovery aid. The provision gives tribal governments the option of applying directly to the President …
Arc Legal Assistance, which provides legal expenses insurance and related services, has become a member of the Managing General Agents’ Association (MGAA), which represents MGA’s doing business in the UK market. Richard Finan, Director of Arc Legal, commented: “Our aim …
All Nippon Airways Co, the launch airline for Boeing’s 787 Dreamliner jet that has been grounded with undiagnosed battery problems, said it lost more than $15 million in revenue from having to cancel flights this month. Asia’s top airline by …
Of the 18 countries analyzed in the most recent report published by FUNDACIÓN MAPFRE, The Latin American insurance market, saw a 14.1 percent increase in premium volume with respect to the previous year, reaching a total of €104.221 million [$141.32 …
Standard & Poor’s on Wednesday affirmed its rating of offshore tax and banking haven Guernsey at AA-plus, but then withdrew the rating at the request of the government. S&P did not say why Guernsey had requested that the rating be …
The city of Des Moines, Iowa, has been ordered by a judge to stop asking individuals and businesses to opt out of a lawsuit in which the city was found to have collected illegal fees from gas and electric customers. …
