September 12, 2017
A woman who was married to her cousin at age 14 in a ceremony overseen by polygamous sect leader Warren Jeffs has won a $16 million lawsuit against the group. Elissa Wall’s lawyer said that the decision lets attorneys investigate …
September 12, 2017
The record head that baked Northern California over the Labor Day weekend left wine grapes shriveling on the vines, reducing many of them to raisins before the normal harvest and turning what was looking to be a promising vintage into …
September 12, 2017
The Travelers Companies Inc. estimates that its catastrophe losses relating to Hurricane Harvey, including estimated recoveries from reinsurance, will be in the range of $375 million to $750 million pre-tax ($245 million to $490 million after-tax). The company has temporarily …
September 12, 2017
A corporate controller who stole more than $19 million from the information technology firm that employed him has been sentenced to 6 1/2 years in prison. Forty-eight-year-old Jon Frank of Nokesville, Virginia, pleaded guilty to wire fraud earlier this year. …
September 12, 2017
New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the rates and loss cost factors insurers use to develop prices. This move would mark the sixth year in a row …
September 12, 2017
NBT Bancorp Inc., a financial holding company headquartered in Norwich, N.Y., has hired Tucker Lounsbury as president of NBT-Mang Insurance Agency. “His experience in all aspects of the insurance industry makes him a strong choice to lead the efforts of …
September 12, 2017
Privately held insurance broker Lockton has hired Timothy Folk to its property and casualty team as an executive vice president and producer in the Philadelphia operation. Folk will be responsible for building on Lockton’s expertise within the healthcare industry, said …
September 12, 2017
Hedge fund manager David Einhorn has endured a number of losing bets at his insurance venture. Now, the weather is becoming a threat for his Greenlight Capital Re Ltd. The company’s stock has slumped about 9 percent since Aug. 31 …
September 12, 2017
Global reinsurance broker JLT Re has reported that Stephen Balderston will be joining its Credit and Political Risk team as a partner once he has completed his contractual obligations with his current employer, Guy Carpenter. Balderston joins JLT Re after …
September 12, 2017
A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close collaboration between many new insurtech companies and established …