As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida regulators, carriers, industry trade groups …
The Vermont League of Cities and Towns is considering defeat for the town of Victory, Vt. The Caledonian-Record reports two of Victory’s selectmen were sent a letter from the nonprofit that provides insurance to municipal governments, explaining the town was …
Colony Specialty, a member of Argo Group International Holdings Ltd., has appointed Mike York as regional manager of the North Region within its U.S. Casualty Division. York will report to Tim Williams, vice president of underwriting at Colony Specialty. In …
I wasn’t planning on writing about hurricane season again, but circumstances made it feel like the right thing to do. This hurricane season is already memorable, and it’s still got over two months to go. The good news is that …
Brady Risk Program Managers and its partner companies, Tritan Risk Management Group and Healthcare Risk Management Group, have announced that Michael McKeown has joined the firm as senior vice president of brokerage and program management services. In this role, McKeown …
CopperPoint Mutual Insurance Co. announced it has entered into a definitive agreement to acquire California-based workers’ compensation carrier Pacific Compensation Insurance Co. from Alleghany Insurance Holdings LLC for $150 million in cash. The combined book of underwriting business for the …
Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the world’s biggest reinsurer, has decided to embrace …
Devastation from Hurricane Irma in the Caribbean will sharpen the demands from small island nations that top fossil-fuel consumers help them cope with damage attributable to climate change, according to representatives of some of those countries. That will put island …
The chairman of the U.S. National Transportation Safety Board (NTSB) said on Tuesday “operational limitations” in the Tesla Model S played a “major role” in a May 2016 crash that killed a driver using the vehicle’s semi-autonomous “Autopilot” system. The …
Pay-per-mile personal auto insurer Metromile announced a partnership with global reinsurance broker JLT Re for a risk transfer and unique reinsurance agreement. Hudson Bermuda led this reinsurance agreement which also includes MAPFRE RE. Metromile said the agreement gives it additional …
