The value of coastal exposures along the Atlantic and Gulf coasts have experienced a compound annual growth rate of about 4% over the past decade, according to catastrophe risk modeling firm AIR Worldwide. AIR released its “Coastline at Risk” analysis …
International Business Machines Corp. announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management. Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw …
GI Partners, a middle-market alternative asset manager, has completed the previously announced acquisition of Insurity Inc., a software platform for the property and casualty insurance industry. Headquartered in Hartford, Conn., Insurity provides policy administration, claims, billing and data analytics software …
Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default. The accusations, which led to the the …
A Connecticut Department of Developmental Services (DDS) employee was has been arrested and charged with fraudulently collecting more than $4,000 in workers’ compensation benefits. Elizabeth Torres, age 58, of Oakville, Conn., was arrested by inspectors from the Workers’ Compensation Fraud …
Delaware Governor John Carney signed House Bill 174, titled the Delaware Insurance Data Security Act, into law on Wednesday, July 31, 2019. This law is based on an NAIC Model Act, which establishes a comprehensive regulatory framework requiring insurers licensed …
August 6, 2019, Sacramento, CA – We are thrilled to welcome our new Insurance Commissioner, Ricardo Lara, as our 2019 keynote speaker. Join us as the commissioner discusses his policy priorities and initiatives for the department under his new leadership. …
Chubb announced the appointment of Eric Kwan as division head of Property & Casualty for Singapore, effective Aug.5, 2019. He reports to Scott Simpson, Chubb’s country president for Singapore. In Kwan’s new role, he has overall responsibility for leading Chubb’s …
DARAG Group Ltd., the Malta-based legacy acquisition firm, announced it has signed a portfolio transfer agreement with German re/insurer Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft (SOVAG). The legacy portfolio will be transferred to DARAG’s German risk carrier, DARAG Deutsche Versicherungs- und Ruckversicherungs …
It was caged and only hovered for about a minute, but it flew: a new flying car. Made by NEC Corp., the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese electronics maker …
