Zurich-based Twelve Capital is only five years old, but it, along with similar companies, has already fundamentally altered the reinsurance industry. It’s taken a remarkably short period of time for “alternative capital” to morph into “insurance linked securities (ILS),” and …
The Association of National Advertisers has launched an insurance program to protect marketers against the expense of Patent Assertion Entities (PAEs), often known as “patent trolls.” Companies can face millions of dollars in legal fees to defend against patent infringement …
A storm-free August in the Atlantic was probably too much to ask for. Tropical Storm Danny formed out of a cluster of thunderstorms Tuesday about 1,600 miles (2,600 kilometers) east of the Windward Islands. There’s even a chance it could …
The Food and Drug Administration sent warning letters last week to three medical device manufacturers whose endoscopes have been blamed for spreading deadly bacteria. This is the agency’s strongest regulatory action yet since outbreaks in Los Angeles, Seattle, and elsewhere …
Target Corp. said it has reached an agreement with Visa Inc. card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with the matter. The …
The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report published by Standard & Poor’s. But …
American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The sale of 10.7 million shares ends AIG’s stake in AerCap, …
Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance programs, Blue River Underwriters has …
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have some views.” Addressing an …
King Insurance in California has named Laura Fondarella vice president of marketing and product development. Fondarella has been involved in the development and merchandising of various personal lines and commercial niche products serving the homeowners, mobilehome park and professional liability …
