Pioneer Underwriters* announced the launch of a new EU regulatory compliant product for alternative investment fund managers (AIFMs). This specialist product is aimed at AIFMs domiciled outside of the EU, which in addition to providing traditional financial lines cover, also …
Beazley plc is targeting 5 percent growth for 2015 as the insurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyd’s of London business. Beazley, the first of its peers to report results, forecasts …
Europe’s 20 largest cedants are benefiting from lower reinsurance rates and stronger bargaining power, resulting from a trend that saw increasing centralized reinsurance purchasing at a group level. A new report from A.M. Beststates that reinsurance rates in Europe remain …
The latest edition of Impact Forecasting, Aon Benfield’s catastrophe model development team’s, Global Catastrophe Recap report, evaluates the impact of the natural disaster events that occurred worldwide during January 2015. The report notes that several regions of Western Europe were …
The former owner of a chemical company that fouled drinking water used by hundreds of thousands of West Virginia residents wants his trial delayed. Attorneys for Charles Herzing cite the heft of documents they must review and a scheduled New …
The chairman of the Georgia House Public Safety and Homeland Security Committee has sponsored a bill to regulate the popular ridesharing service Uber. Republican Rep. Alan Powell of Hartwell said Wednesday that House Bill 190 would require strict criminal background …
Mississippi House members are rejecting new restrictions against Attorney General Jim Hood’s ability to file lawsuits or hire outside lawyers. The House voted 66-49 Wednesday to reject a House Bill 1201, which would require the governor, lieutenant governor and secretary …
Florida’s insurance commissioner appears to have survived in his appointed post for now as a move by the state’s newly re-elected governor to oust him has failed to win support of the other state officials needed to make the change. …
St. Louis County, Mo., has allocated $500,000 to help Ferguson raze and rebuild property that was damaged in the aftermath of the fatal police shooting of Michael Brown. Residents and county officials want several blighted sites in Ferguson and surrounding …
New Orleans’ tourism industry will put up $2.5 million to help fund extra Louisiana State Police patrols in the city beyond the Mardi Gras season. State police and other law enforcement agencies traditionally help the city with beefed up Mardi …
