Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fueling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found …
Karen Pauli has joined Strategy Meets Action (SMA), the Boston-based insurance strategic advisory firm, as a principal. Pauli will support the expansion of SMA’s advisory business and provide advice and thought leadership to insurers and industry vendors, according to Deb …
London Market Group (LMG) announce that the first standalone terrorism risk was bound on PPL – the London Market’s electronic placing platform – within the first hour of trading yesterday morning. The broker was Marsh and the underwriter was Chaucer. …
Eight acrobats who plunged to the ground during a Ringling Bros. and Barnum & Bailey Circus act in 2014 are suing the company that manages the Rhode Island arena where it happened. The Providence Journal reported that the women sued …
Britain’s next Prime Minister Theresa May must find ways to protect London’s financial sector as the country negotiates its exit from the European Union, senior lawmaker Stephen Hammond said on Monday. May is set to succeed David Cameron as leader, …
The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled. Spending on expensive “specialty” drugs by commercial insurance plans jumped from 11 …
A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market disruption. Nearly 2,000 independent agents weighed in for the …
A Milford, Massachusetts man has been indicted on larceny and workers’ compensation fraud charges in connection with allegedly collecting more than $18,000 in disability benefits while he continued to work, according to the office of Attorney General Maura Healey. Kenneth …
The National Highway Traffic Safety Administration (NHTSA) said it would investigate some motorcycles made by Harley-Davidson Inc. after complaints of brake failure without warning. The investigation involves 430,000 Harley-Davidson motorcycles of model years 2008-2011, with anti-lock braking systems, the NHTSA …
The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Denisse Orellana as director of Human Resources. For the past several years, Orellana has worked in the private sector for a promotional and marketing organization, as well as a manufacturing …
