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

XL Catlin Names Huang as Asia U/W Manager, War, Terrorism & Political Violence

XL Catlin’s insurance operations announced that Carrie Huang has been promoted to the position of Asia underwriting manager for War, Terrorism and Political Violence. Based in Singapore, she will be responsible for developing XL Catlin’s War, Terrorism and Political Violence …

Institutional Investors Ignore Climate Risks Despite Bank of England Warning

The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor Mark Carney about the potential for “huge” losses from a sudden shift in regulation designed to curb global warming and …

Liability Insurers Win Right to Question NFL Executives, Doctors in Concussion Cases

National Football League executives may for the first time have to testify about what they knew of concussion risks after a judge cleared the way for questions from insurers who are suing to avoid paying more than $1 billion in …

Chubb Insurance Policy Eases Financial Costs for Victims of Cyber Bullying

Anyone who has had embarrassing photos posted on social media or been deluged with angry messages can attest to the high emotional cost of cyber bullying. But there is also a cost in real dollars for some to clean up …

Dalenta Joins Grange Insurance as EVP, Chief Financial Officer

Columbus, Ohio-based Grange Insurance has added Terri Dalenta as executive vice president, chief financial officer. Dalenta will lead Grange’s financial management, enterprise risk management and investments, as well as maintain the company’s financial strength. She has more 25 years in …

Homes on Mississippi Coast Hit by Flooding

The mayor of Gulfport, Mississippi, has declared a state of emergency because of heavy rain and widespread flooding in the largest city on the state’s Gulf Coast. Gulfport emergency managers say 5 to 12 inches of rain fell in the …

3.0 Earthquake Hits Western Alabama

No injuries are being reported following a small earthquake in Alabama’s Tuscaloosa County. The U.S. Geological Survey says a magnitude 3.0 earthquake occurred around 4 a.m. Friday about halfway between Tuscaloosa and Birmingham. The epicenter appears to have been between …

South Carolina Senate Approves $40M Farmer Flood Aid

The Senate has approved a bill providing $40 million to South Carolina farmers devastated by last fall’s flooding. Senators voted 33-3 Thursday on legislation allowing farmers in disaster-declared counties to apply for up to $100,000 in grants covering up to …

University of Alabama Partners With Industry on Tornado Preparedness Guide

The Alabama Center for Insurance Information and Research at The University of Alabama Culverhouse College of Commerce has partnered with the Property Casualty Insurers Association of America, the Alabama Department of Insurance and Smart Home America to produce the 2016 …

Florida Insurance Commissioner McCarty Signs Off: ‘It’s Been a Labor of Love’

It’s not for the faint of heart, I can tell you that… Anyone who comes in here and thinks it’s an easy job really does not have any idea what they’re getting into. But it’s been a joy…It’s been a …