The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has issued a bulletin, which notes that Tropical Storm Bertha’s passage east of the southern Lesser Antilles did not produce any losses for CCRIF members, according to its loss calculation protocol. The announcement …
The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty rate for insurance contracts at 99.0 percent. The year end 2013 results also showed a strong result for reinsurance contracts at …
Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year earlier, the Hanover, Germany- based insurer said in a statement …
American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of parliament scheduled …
Facebook’s fight against prosecutors over nearly 400 search warrants for users’ postings and other data is drawing support from other social media companies and civil libertarians. Lawyers for Foursquare, Kickstarter, Meetup, and Tumblr said Monday they were seeking to join …
Motorists breezing through parts of Pennsylvania are now able to set their cruise control at 70 mph without having to worry about getting a speeding ticket. Pennsylvania is the latest state to join the 70 mph club. A 100-mile section …
The Connecticut Supreme Court ruled on Monday that victims of the 2005 fiery crash at the bottom of Avon Mountain that killed four people and injured 19 others cannot sue the state on allegations that Route 44 had a dangerously …
What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good returns.” The problem is, Davis said …
R-T Specialty Group has named Dina Dryden assistant vice president of RT Binding Authority in the firm’s La Jolla, Calif. Office. Dryden will be responsible for underwriting complex program and non-program risks through pen insurance contracts. Dryden has worked on …
Ladenburg Thalmann Financial Services Inc. has signed a definitive agreement to acquire KMS Financial Services Inc., a Seattle, Wash.-based independent broker-dealer and investment advisor with a strong presence in the Pacific Northwest. Under the terms of the deal, Ladenburg will …
