Hidden in the Trump administration’s $44 billion emergency budget request is a plan to expand an Obama-era effort to make cities and towns resilient to the more frequent storms tied to climate change. While President Donald Trump has dismissed global …
Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property/casualty insurance holding company, has secured regulatory approval from the Rhode Island Department of Business Regulation to acquire NBIC Holdings Inc. NBIC Holdings is the parent company of Narragansett Bay Insurance Co. (NBIC), …
This year’s U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modelers Chuck Watson and Mark Johnson surpass anything they’ve seen …
Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be available in April 2018. The …
A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities, a report published on Tuesday said. Computer security company …
Brit Ltd. announced that insurance industry veteran, Scott Brock, has joined as president of newly formed specialty platform Scion Underwriting Managers. In this role, Brock will be responsible for building and managing the operations of Scion, which will partner with …
U.S. Supreme Court justices on Monday appeared divided over whether a federal agency’s in-house process for challenging patents violates the constitutional rights of patent owners, leaving the fate of a system that has led to a high rate of patent …
Anna Alexopoulos Farrar will join the Department of Financial Services (DFS) as Communications Director, according to a statement by Chief Financial Officer Jimmy Patronis. In this capacity, she will oversee the communications strategy for the department. Alexopoulos Farrar has more …
A judge has given preliminary approval to a $4 million class action settlement over a January 2015 tanker truck diesel fuel spill in southern West Virginia that briefly shut down tap water supplies for about 12,000 people. According to The …
Three lawsuits seeking damages following the industrial warehouse fire that burned for a week in Parkersburg have been moved from state to federal court. The Charleston Gazette-Mail reports that the defendants sought the transfer from Wood County Circuit Court because …
