The state of Connecticut will open an office in East Haven to help residents apply for money from a Superstorm Sandy disaster recovery fund. The office is scheduled to open on Thursday and residents can begin scheduling appointments on Monday. …
Nearly a year after Superstorm Sandy, victims of the storm told a New Jersey state panel that insurance woes and bureaucratic red tape are doing just as much damage as the storm. At a New Jersey Senate hearing Monday in …
The Washington Metropolitan Area Transit Authority (Metro) has agreed to settle a lawsuit against its insurance broker that stemmed from the 2009 red line crash that killed nine people. After the crash, Metro sued insurance broker Aon, which put together …
The United States called on Tuesday for a more flexible approach to a new United Nations’ climate deal which balances the needs of all countries and has a better chance of success. Two years ago, some 190 countries agreed to …
Bushfires that started last week in the Australian State of New South Wales have been exacerbated by hot, dry, and windy conditions spread across the state, where authorities declared a state of emergency on Sunday. Bushfires are common during the …
Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has formed Rock Re, a new dedicated brokered property facultative unit within its US operation. Rock Re “builds on Aspen Re’s existing direct property facultative offering in the United …
Another week has passed, which apparently means that it’s time for another terrifying article from Sharon LaFraniere, Ian Austen and Robert Pear on the federal health-care exchanges. Federal contractors have identified most of the main problems crippling President Obama’s online …
North Carolina-based wholesale brokerage AmWINS Group Inc. is seeking a $175 million add-on term loan for an acquisition. The insurance broker owned by private-equity firm New Mountain Capital LLC may pay interest at 3.75 percentage points more than the London …
Hannover Re, the world’s third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30 years. “In view of the considerable losses …
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the group include Warren Buffett’s Berkshire Hathaway Inc., …
