It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …
Monarch E&S Insurance Services, a division of SPG Insurance Solutions, a full-service MGA and wholesale broker, has opened a new branch in Florida. The new branch is part of the company’s plans to expand its reach nationwide. The Southeast branch …
When the medical community makes mistakes, it’s like shooting down a few hundred airplanes every year. That’s a dramatic metaphor that has stuck in my mind since I first heard it from a doctor, and an apt way to describe …
Canal Insurance Company’s board of directors has approved the addition of John Rzepinski to its senior leadership team as senior vice president, chief financial officer and treasurer, effective Sept. 16, 2019. Rzepinski most recently served as the CFO of CapSpecialty, …
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), …
HUB International Ltd. has acquired the assets of Denver, Colo.-based Inter-Mountain Retirement Partners Inc. Terms of the deal were not disclosed. Chad J. Larsen, president and CEO Inter-Mountain, will join Hub Colorado. Inter-Mountain has a second office in Salt Lake …
Los Angeles, Calif.-based The Liberty Company Insurance Brokers has named Roy Caswell executive vice president and director of information technology. Caswell started in the insurance industry in 1992 working at American National Insurance before running his own agency. He has …
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including …
The Tennessee Court of Appeals has ruled that a lawsuit against opioid makers can move forward, overturning a lower court that had dismissed the claims. At issue is whether Tennessee’s Drug Dealer Liability Act applies to U.S. Food and Drug …
Steve Nichols, manager of Workers’ Compensation Services at the Insurance Council of Texas (ICT), is moving on to pursue other opportunities, the insurance trade organization reports. Nichols has been with ICT for 19 years; his last day will be Sept. …
