Broomfield, Colo.-based ICAT has teamed up with Neon to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the U.S. The partnership expands ICAT’s per-risk catastrophe capacity to $150 million. ICAT’s focus is on helping homeowners …
The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the three months ended June 30 fell 32 percent, according to analysts surveyed by Bloomberg. Hancock has presided …
Despite proclamations by some observers that the reinsurance cycle is dead, JLT Re says, reports of its demise are greatly exaggerated – and now is the time for buyers to use the cycle, and reinsurance, to their advantage. Rates are …
Businesses that are found in violation of federal occupational safety and health laws will pay more in penalties starting Aug. 1. Under a law passed by Congress last year, penalties that were last adjusted in 1990 are going up nearly …
Volkswagen AG’s $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. U.S. District Judge Charles Breyer in …
Federal investigators probing the deadly wreck in Florida of a Tesla car that was using automated driving technology have found that the vehicle was speeding when it hit a truck. The U.S. National Transportation Safety Board said in a preliminary …
At Lavoie’s Farm in New Hampshire, beans and corn haven’t broken through the ground yet and fields of strawberries are stunted. The drought that has taken hold in the Northeast is especially felt at John Lavoie’s farm in Hollis, presenting …
XL Group Ltd. announced it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company is XL Group Ltd. XL …
Vermont State Police say a drunken driver was playing “Pokemon Go” on his cellphone when he crashed his car. Officers responded to a report of a crash at an intersection in Rutland Town at around 8:15 a.m. last Sunday. Police …
(Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International & Downlands Liability Management.” Insurance Journal regrets the omission.) Catalina Holdings (Bermuda) Ltd. announced its wholly …
