The State Corporation Commission (SCC) in Virginia has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on Jan. 1, 2018, …
Boston Insurance Brokerage (BIB), a Boston, Mass.-based provider of commercial and high value personal insurance solutions, has announced the firm’s sales and support expansion by opening a regional office in Richmond, Va. Opening an office in Virginia will allow BIB …
Beazley, a specialist in data breach response insurance, has partnered with Generali Brazil to manage data breaches for Generali’s corporate and commercial cyber insurance customers. Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, …
Insurance company lawyers on Monday blasted a Vermont man whose mother was lost at sea, saying he made suspicious alterations to his boat before what they called its “most curious sinking.” Lawyers for Nathan Carman’s insurance company said in documents …
XS Brokers, a Quincy, Mass.-headquartered independent insurance brokerage, has hired Peter Buccinna to head a new local office for the firm in East Chatham, N.Y. The hiring of Buccinna as assistant vice president and business development manager is a result …
Climate researchers are warning that Europeans should prepare for the return of “Lucifer,” saying the hellishly named heat wave that hit parts of the continent this summer could become a regular occurrence due to man-made climate change. Hotter-than-usual temperatures in …
President Enrique Pena Nieto said Wednesday [Sept. 27] that preliminary accounting of the damage caused by the two big earthquakes that hit Mexico this month could cost upward of $2 billion (38.1 billion pesos). Pena Nieto stressed that damage assessments …
RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion. This estimate represents the insured losses associated with wind, storm surge and inland flood damage …
The 30th anniversary of the 1987 magnitude 5.9 Whittier Narrows earthquake is Sunday, and the head of the California Earthquake Authority is using that to remind Californians to buy earthquake insurance. The quake was reported to have caused $358 million …
Chubb Ltd. announced it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through …
