The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have positioned the commercial insurance industry for an extended soft market …
Global reinsurance and insurance broker Willis Group Holdings has appointed Christine LaSala to be chair of Willis North America. The North America business, which in 2014 reported revenues of more than $1.3 billion, includes 100 retail offices across the United …
Rural Nevada lawmakers are proposing a bill that would improve liability protections for horse-related accidents and injuries. Sen. Pete Goicoechea and Assemblyman John Ellison introduced SB 129 to the Senate Committee on Judiciary this week. Current state law puts an …
Records show an Orange County school district in California that closed three campuses because of asbestos problems has lost 152 students in the first half of the school year – and the loss could impact its funding. The Orange County …
Drivers who don’t wear seatbelts could be stopped by police under a proposal that has cleared the Utah House of Representatives. Republican Rep. Lee Perry of Perry says the bill that passed the House Tuesday will strengthen the seatbelt law …
A magnitude-4.3 earthquake that rumbled under Washington state’s Cascade Range early Wednesday was “not a great advertisement” for an early warning system undergoing tests, an official said. The system noticed the quake 18 seconds late, said John Vidale, director of …
The Oregon Senate this week passed a climate change bill that was one of Gov. John Kitzhaber’s top legislative priorities. The approval in a 17-13 vote sent the measure to the state House. The bill would extend Oregon’s low-carbon fuel …
AXA Real Estate Investment Managers, the property unit of France’s AXA Group, has bought the London site of the halted Pinnacle skyscraper and plans to build a tower of its own design. The building at 22 Bishopsgate will have more …
America’s business travelers are too often mixing business with pleasure, exposing themselves and their employers to dangerous scenarios. According to a national survey by On Call International, a customized travel risk management firm, more than a quarter (27 percent) of …
A.M. Best has released a briefing exploring the recent wave of merger and acquisition (M&A) activity in the global reinsurance industry and how it reflects on reinsurance companies’ “desire for scale to maintain relevance amid challenging market conditions.” Briefing, titled, …
