Aspen Re Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Ltd., has formed Rock Re, a new dedicated brokered property facultative unit within its U.S. operation. Rock Re will build on Aspen Re’s existing direct property facultative offering …
Can you name an industry that contributes $2 trillion to our country’s gross national product (GNP)? How about an industry that is the fastest-growing and represents one in every 12 businesses that exist today? Or how about an industry that …
Is the market hardening? A Google search shows that most experts think it is, and it is nearly impossible to find a professional journal without an article discussing the topic. The premium increases that are being implemented indicate that a …
Sales of new single-family houses reached a seasonally adjusted annual rate of 421,000 in August, 7.9 percent above the revised July 2013 estimate of 390,000. (U.S. Census Bureau) There were roughly 24,400 completions of multifamily buildings with five-plus units in …
The new report by Ceres, a nonprofit representing businesses and investors on climate issues, highlights the cost to taxpayers of subsidies for flood-prone properties and farmers’ crop insurance and other federal disaster aid and chides policymakers for inaction on climate …
Worker’s Comp Fraud “Thranow cheated both his workers’ compensation insurer and the state of California out of nearly $100,000, and by doing so passed the cost of his fraud onto consumers across the state.” —California Insurance Commissioner Dave Jones praised …
Delegation is a critical skill for managerial and leadership success. Successful leaders and managers delegate to engage people, leverage the special skills, and get more done. Even the most talented person has a capacity limit when they do everything themselves. …
Insuring habitational risks has generated more than its fair share of errors and omissions (E&O) claims. While there are a host of issues, consider these specific ones: valuation, ordinance or law coverage and flood. Valuation A significant number of E&O …
The U.S. medical professional liability (MPL) market has been profitable in recent years, but challenges await MPL insurers because an influx of newly insured patients, coupled with healthcare delivery system changes, could expand the risks MPL insurers face. The federal …
Technological innovations are revolutionizing how businesses and consumers operate — prompting quick action from the insurance industry and the government to enable people to adopt and embrace this rapidly emerging technology. The proliferation of computers, smartphones and tablets has changed …
