Opponents of delaying Biggert-Waters flood insurance reforms and stopping the resulting premium hikes say the negative effects are being exaggerated and instead of gutting all of the reforms, Congress should target its fix, including using means-testing, to those who most …
Leo Strine, the outspoken chief judge of Delaware’s nationally important business court, has been nominated to lead the state’s Supreme Court, Delaware Governor Jack Markell said on Wednesday. The move, if confirmed, would take Strine’s outsize persona away from the …
Property/casualty insurers should be thinking about transforming how they do business and how they can better deploy technology if they want to pursue long-term growth, according to the Deloitte Center for Financial Services. They must also deal with regulatory uncertainty, …
Liberty Mutual Insurance said it has agreed to sell Summit Holdings Southeast Inc. and its related companies to American Financial Group (AFG) in an all-cash transaction valued at $250 million. Based in Lakeland, Florida, Summit sells workers’ compensation in the …
Nationale Suisse announced that its new Singapore branch has received a license from the local authorities allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. The branch office of the Basel-based parent …
In a move that may or may not have been prompted by RSA’s recent troubles, the UK’s second largest insurer announced that it is “merging its Affinity and Personal Lines Broker teams in the UK to create one Personal Intermediated …
Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in coverage since it was founded in …
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting. RSA Ireland Chief Financial Officer Rory O’Connor and Claims Director Peter Burke …
A southern New Jersey man has admitted he provided a false insurance certificate and worked as an unregistered contractor following Superstorm Sandy, even after authorities revoked his registration Monmouth County prosecutors say Shane Wood of Toms River, also known as …
Vice President Joe Biden and New York Gov. Andrew Cuomo said Tuesday that New York and the nation’s other coastal states have to rebuild against severe storms and flooding that are likely in the future. “Extreme weather is the new …
