P&C insurance companies are scared. Not all are scared, of course. Some are big enough, some are smart enough, and others are ignorant enough to not be scared about the future of insurance distribution. The ones that are scared are …
New research shows that increased tidal flooding caused by sea level rise has eroded $76.4 million in relative property values along the Texas coast between 2005 and 2017. That’s according to a peer-reviewed housing market study by data scientists from …
The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program (NFIP). Last week FEMA entered into a three-year reinsurance agreement, effective April 17, 2019, with …
Most Chinese hog farms are choosing not to replenish herds as a deadly swine virus continues to spread across the world’s top pork market. More than 80 percent of farms are deciding not to restock, according to China’s Agriculture Ministry. …
The U.S. National Highway Traffic Safety Administration is investigating a possible deadly flaw in some 12.3 million vehicles that could prevent air bags from deploying in a crash. The agency is examining air-bag control units supplied by parts maker ZF-TRW …
Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover …
California’s technology sector has had a tough year with state and federal policymakers, to say nothing of the general public. Concerns about the size and scope of internet firms have led to a “techlash,” bringing with it uncomfortable hearings and …
Federal officials say a Fort Worth, Texas-based company will pay $85,000 to settle an age discrimination lawsuit. The suit against Atlas Energy Group LLC was brought by the U.S. Equal Employment Opportunity Commission (EEOC). Under the settlement, Atlas Energy also …
Portland, Ore. police say a man driving a stolen pickup truck 100 mph crashed into a sport-utility vehicle, killing an Uber passenger. Police believe the pickup truck driver was under the influence of intoxicants when he collided head-on with the …
Alliant Insurance Services has added Billy Crocker as vice president in its Austin office. Crocker joins Alliant with an extensive track record of results in the property/casualty insurance arena. He is highly regarded by clients for his ability to provide …
