Monthly Archives: <span>May 2016</span>

House, Senate Republicans Divided Over Zika Funding

House and Senate Republicans can’t get on the same page when it comes to fighting the Zika virus — and Democrats are pouncing. The Senate, on a 68-29 vote, advanced $1.1 billion of the administration’s $1.9 billion emergency request Tuesday, …

Manager’s Suit Alleges All-Male ‘Club’ Atmosphere, Gender Bias, Retaliation at Bank of America

A managing director suing Bank of America Corp. for gender discrimination by what she called an in-house “bro’s club” outlined a host of practices — including front-running, lying to customers and manipulating bond prices — in a complaint filed in …

P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios

For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO and the Property Casualty Insurers Association of …

50% of Risk Managers Bought or Increased Cyber Insurance in Last Year: HSB

Fifty percent of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam Boiler Inspection and Insurance Co. …

Top 5 Workers Compensation Claims and Their Causes

Strains and sprains are the most common worker injury while worker injuries are most frequently the result of materials handling incidents, according to a review of more than 1.5 million workers compensation claims by The Travelers Companies. The country’s largest …

On Wine Day, Consider Wineries and Vineyards a Fertile Field

If you’re one of those people who think there are enough holidays already, then you may not be happy to hear that National Wine Day is coming up – unless you really like wine, then perhaps an exception is in …

Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.

Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and its flagship brand Petsecure. WFIC is Canada’s largest pet insurance company with net …

Longhurst Named Broking & Distribution Director for Towergate London Markets

Towergate Insurance has appointed Paul Longhurst as Broking and Distribution director of Towergate London Markets. Longhurst joins Towergate from Bluefin, where he has been London market broking director for 25 years. Longhurst ran the SBJ London market broking team until …

Carpenter Forms Partnership with Symantec to Create Cyber Aggregation Model

Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., has formed a strategic alliance with cyber security specialist Symantec Corp. to create a cyber aggregation model. Cyber attacks are estimated …

Delta Lloyd’s Solvency II Ratio Declines to 127% on Fall in Interest Rates

Delta Lloyd NV, the Dutch insurer that last month completed a rights offer to shore up its capital buffers, said its ability to absorb losses weakened in the first quarter. The Solvency II ratio, a measure of an insurer’s strength …