July 29, 2016
A group of risk experts is proposing a new framework to improve the effectiveness of public warnings when a hurricane, wildfire, toxic chemical spill or any other environmental hazard threatens safety. Right now, “the potential for errors is high” when …
July 29, 2016
Manulife (International) Ltd. and QBE Hongkong & Shanghai Insurance Ltd. have formed an exclusive distribution agreement whereby QBE will supply general insurance products in Hong Kong for distribution through Manulife’s agents. Designed to complement Manulife’s life, pensions and wealth management …
July 29, 2016
Assicurazioni Generali SpA, Italy’s biggest insurer, said second-quarter profit fell 6 percent as low interest rates and volatile equity markets hurt investment gains. Net income declined to 590 million euros ($654 million) from 626 million euros a year earlier, the …
July 29, 2016
Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net income declined to $637 million from $820 million a …
July 29, 2016
Chubb Ltd., the insurer led by Chief Executive Officer Evan Greenberg, promoted Michael Kessler to chief reinsurance officer as William O’Farrell departs for other opportunities. Kessler will oversee the design and purchase of the reinsurance programs and report to Chief …
July 29, 2016
New maps for Dare County, North Carolina, are removing thousands of homes and lots from flood zones, creating a need to update local building codes that until now accounted for more rising water. The Virginian-Pilot of Norfolk reports that, according …
July 29, 2016
Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York office. According to the NAIC, they discussed retirement …
July 29, 2016
Owner of a Fort Myers, Fla., staffing and payroll services firm was arrested in mid-July over the alleged theft of more than $1 million, according to a statement from Chief Financial Officer Jeff Atwater and the Department of Financial Services’ …
July 29, 2016
The Crichton Group, an independent insurance agency in Middle Tennessee, has promoted industry veteran Dan Hite to the position of partner and vice president. Previously, Hite served as commercial insurance advisor for the agency. In his new role, Hite will …
July 28, 2016
Wesley J. Kinder was a California insurance commissioner who served during a turbulent time. Kinder, a resident of La Habra, Calif., died Wednesday at age 94. “He was a great guy. He was the best boss,” said Roger McNitt, a …