THB, the London-based specialist insurance and reinsurance broker, announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of some 1300 brokers. Declan Durkan, who joined THB …
Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital …
Several recent reserve cover deals—including the single-largest reinsurance transaction on record—demonstrate a growing interest on the part of insurers to shed their long-tail liabilities. A sharp uptick in reserve disposals in 2017, bolstered by continued momentum in early 2018, indicate …
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to New Horizons Insurance Company of Missouri (New Horizons). The outlook assigned to these Credit Ratings (ratings) is …
No damage is being reported after a minor earthquake rattled northern Alabama. The U.S. Geological Survey says a magnitude 2.1 earthquake happened around 7:22 a.m. Monday about 15 miles north of Huntsville near the Tennessee state line. The Geological Survey …
South Carolina officials say the number of deaths caused by opioids has increased for the third year in a row. The state’s Opioid Emergency Response Team met Aug. 20 and officials noted in a news release that South Carolina had …
Clothing and footwear that detect human movement could soon become the preferred fashion choice for people recovering from injuries or trying to avoid them as the technology is becoming lighter and less expensive. A team of engineers at the University …
Mid-year results for U.S. property/casualty insurers and reinsurers show they are on the mend following a trying 2017, according to Fitch Ratings. Operating performance moderately improved for P/C (re)insurers during the first half of the year thanks to improved core …
Florida businesses could see another significant rate decrease in workers’ compensation rates next year if Florida regulators approve the latest filing from the National Council on Compensation Insurance (NCCI). But the recent trend of lower rates may not last for …
California Gov. Jerry Brown on Monday signed into law a bill that is intended to combat what are believed underinsurance issues revealed by 2017 wildfires. AB 1797 by Assemblyman Marc Levine, D-Marin County, is expected to create a requirement for …
