The governor of Puerto Rico overhauled the U.S. territory’s insurance laws on Tuesday to help protect policyholders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo Rossello signed six laws into effect as he …
As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was …
An elementary school principal in Jacksonville, Fla., has been arrested in an alleged attempt to commit more than $16,000 in insurance fraud related to Hurricane Irma, according to a statement from Florida CFO Jimmy Patronis, who leads the state’s Department …
The Accident & Health Division of Crum & Forster has launched Crum & Forster SPC, a Captive Facility in the Cayman Islands. The A&H Segregated Portfolio Company (SPC) Captive is rated A by A.M. Best. The Crum & Forster SPC …
Florida Deputy Insurance Commissioner Susanne Murphy has been awarded the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance from the National Association of Insurance Commissioners (NAIC). Murphy was presented the award at the Opening …
This article is part of Carrier Management’s Cultural Q&A series featured in the Nov/Dec 2018 print edition. Q: Do you spend more time on culture or strategy? Pat Regan, Group CEO, QBE Insurance: Definitely culture. We spent a bit of …
The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities if IOU equipment is found to have ignited the fires. And negative credit implications could emerge for the reinsurance industry …
A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Texas Hospital Insurance Exchange (THIE) in Austin, Texas. The outlook of the …
Sebastian Sanchez joined RHSB (Roach Howard Smith & Barton) as assistant vice president in the Dallas-based agency’s Employee Benefits division. Sanchez is a benefit consultant with an emphasis in small to mid-market employers. His bilingual proficiency and multi-cultural background position …
Workers’ compensation carrier Texas Mutual Insurance Co. has awarded a $100,000 grant to the nonprofit Construction Career Collaborative (C3) to strengthen the skilled craft workforce in the Greater Houston region. C3 is a nonprofit alliance of owners, general contractors, specialty …
