Maine’s Bureau of Insurance obtained nearly $2 million in recoveries and required payments on behalf of Maine consumers in 2013, officials said Tuesday. More than $1.5 million was recovered for consumers by the Bureau’s Consumer Health Care Division, and almost …
Customers with lower credit-based insurance scores shop most frequently while consumers with the highest insurance scores are less likely than the general population to shop for new auto insurance. Also, according to the Auto Insurance Shopping Index by consumer credit …
“We’ve been working on the development of an open source framework for catastrophe models for the last three years, but the idea for the project originated well before,” said Trevor Maynard, Head of Lloyd’s Exposure Management and Reinsurance team, in …
Last year saw a record number of 29 catastrophe bond deals, according to Willis Capital Markets & Advisory (WCMA), the capital markets division of Willis Group Holdings. “Total issuance over the year of $7.1 billion was very close to the …
Google Inc.’s glasses, computerized eyewear that enables users to check e-mail or listen to music, will be covered by the largest optical insurer in the U.S., VSP Vision Care. VSP Vision, which covers 20 percent of all Americans, will reimburse …
Editor’s Note: The House of Representatives passed the bill this morning. For the update, read here. House and Senate negotiators on Monday reached a bipartisan agreement on the long-overdue U.S. farm bill that ends a pricy direct subsidy to farmers …
ACE Limited reported net income for the quarter ended December 31, 2013, of $998 million, or $2.90 per share, compared with $2.22 per share for the same quarter last year. Operating income was $824 million or $2.39 per share, compared …
Aon Risk Solutions, the global risk management business of Aon plc, has released its 2014 Terrorism and Political Violence Map to help organizations assess risk levels of terrorism and political violence across the globe. Highlights from the map include the …
Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship owners hauling Iran’s oil may go unpaid if …
Editor’s Note: The House of Representatives passed the bill this morning. For the update, read here. Deep cuts in U.S. food-stamp spending sought by House Republicans were averted in a tentative agreement on a much-delayed agriculture bill, according to a …
