“According to CoreLogic, a leading source for flood and disaster risk data, approximately 70 percent of the flood damage from Hurricane Harvey was uninsured….” states Clearsurance in their recently released a report on results of a survey conducted to identify …
Tulsa, Oklahoma-based Mid-Continent Group, a member of Great American Insurance Group, has completed a renewal rights agreement with Tank Owner Members Insurance Company (TOMIC) to acquire TOMIC’s book of business. The transaction is effective Jan. 2, 2018, for all renewal …
The parents of a woman who died Jan. 1, 2017, are suing an Alaska nightclub, the Fairbanks Police Department and the Alaska Department of Corrections for sharing blame in the death of their daughter. The Fairbanks Daily News-Miner reports Michaela …
California’s legal pot economy was supposed to operate under the umbrella of a vast computerized system to track marijuana from seed to storefronts, ensuring that plants are followed throughout the supply chain and don’t drift into the black market. But …
Armour, a Bermuda-based P/C run-off insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership with an investor group led by Aquiline Capital Partners, …
Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran Inc. (K&C), a wholesale insurance brokerage with offices in Tarrytown and Melville, N.Y. Terms of the transaction were not disclosed. K&C …
New York City’s mayor says new protective barriers will be permanently installed in Times Square and other locations around the city in an effort to block vehicles after deadly attacks last year on crowds. Mayor Bill de Blasio says the …
Specialty insurer Beazley has appointed John Moy as U.S. marine insurance underwriter within its newly- launched U.S. marine platform. Moy will be responsible for underwriting and building the company’s U.S. hull, protection & indemnity (P&I) and liability business for the …
Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region. Property investments may swell to 3.75 billion euros ($4.5 billion) by …
A major New York highway has been reopened east of Buffalo after a deadly chain-reaction pile-up in heavy snow. WHEC says one driver was killed and another severely injured Tuesday afternoon when about three dozen vehicles, including 10 tractor trailers, …
