The U.S. government’s appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence of systematic underpayments by insurers to flood victims, an investigation by U.S. Senate staffers has found. “Despite widespread concerns, it …
London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval. He will be supported by Christian Bieri, who continues to lead Amlin’s reinsurance business in the EMEA region, as …
A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators, businesses and the public want, according …
Zurich Australia has appointed Raelene Seales as its new chief operating officer, General Insurance. Seales, who is currently head of Wrap and SMSF Platforms with ANZ, will replace Shaun Feely in the COO role. Feely has made significant contributions since …
Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding company announced on Sunday it would sell its entire 52 …
Twenty-eight South Carolina counties are now in the first level of drought. The S.C. Drought Response Committee said June 19 that the counties are in the incipient level of drought. Places such as Florence, Manning and Hartsville have received less …
Mississippi’s transportation commissioners are urging U.S. Sen. Thad Cochran to help squash a proposal that would force the state to allow larger double-trailer trucks on its roads. “I don’t like Congress mandating that states do this,” said Central District Transportation …
Indemnity benefits per claim with more than seven days of lost time in Georgia were among the highest of the 17 study states and the main contributor to the higher total costs per claim in the state, according to a …
New York residents can sound off about the sea level. State environmental officials are holding four public meetings next week about projections of future sea levels. Rising sea levels have become a larger concern in New York City and Long …
Delaware Gov. Jack Markell (D) on Thursday signed into law a bill to decriminalize possession of small amounts of marijuana. The bill signing makes Delaware the 20th state in the nation to decriminalize possession of personal use amounts of marijuana, …
