The Association of British Insurers latest study concludes that “the value of fraudulent insurance claims uncovered by insurers rose to a record £1.3 billion [$2.177 billion] in 2013, up 18 percent on the previous year.” Those figures “are more than …
In 2008, Florida’s government-run property insurer paid Warren Buffett $224 million to agree to buy its debt if a major storm struck. Six hurricane-free years later, the state is turning investors away. With hurricane season set to start June 1, …
Canadian National Railway Chief Executive Claude Mongeau said on Thursday he expects U.S. regulators to phase out use of DOT-111 tank cars in three to five years, following a deadly explosion in Quebec last year. Mongeau also expects U.S. authorities …
York International, a subsidiary of York Risk Services Group and a part of York Specialized Loss Adjusting, has appointed Jennifer Betancourt to further strengthen its Financial Lines claims capabilities within Latin America. She will be based initially in Buenos Aires …
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current stability in the property/casualty …
Lockton has hired Veronica Fuentes and Svenja Dahlstrom in the company’s Gaming, Entertainment & Sports Practice, a new practice launched as part of Lockton’s Pacific Operations in April. Fuentes in an account executive, responsible for developing, placing and expanding business …
The newest agency software feature for the personal lines comparative rating system TurboRater allows agency managers to control the ranking order of the carriers their producers see on the quote comparison list, regardless of rate. The new TurboRater feature, known …
Allstate Insurance Co. plans to add additional agency owners in California in 2014, the company announced on Thursday. The Northbrook, Ill-based company is expanding its recruiting campaign for the sixth consecutive year. Allstate signed 73 new agency owners in California …
The New York Public Interest Research Group reports the state disciplined 468 doctors last year, 155 more than a year earlier. NYPIRG says the health department’s Office of Professional Medical Conduct found medical negligence in 59 cases, revoking or suspending …
Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of management liability insurance products with a new commercial crime insurance product offering. Argo Pro’s Crime and …
