Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …
Catastrophe modeling firms Karen Clark & Co. and RMS have released insured loss estimates for Hurricane Dorian, ranging from $500 million to $1.5 billion. According to KCC, Dorian reached peak intensity of 185 mph while over the Bahamas, one of …
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country’s production on Saturday is unlikely to be a risk in the United States, energy and security experts say. “The U.S. oil industry …
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it has activated its emergency operations center to coordinate the investigation into hundreds of cases of severe lung illnesses linked to e-cigarette use. The CDC’s Emergency Operations Center …
Several deaths and potentially hundreds of illnesses have been tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking. Lawsuits have been filed against e-cigarette maker Juul and more are expected amid increasing scrutiny. The following …
Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and …
We Insure Group has expanded its executive team with two new hires – Chris Pflueger has joined as chief development officer and Peter Crowe as chief revenue officer. Pflueger will execute strategies to drive We Insure’s growth and joins We …
Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business email accounts. Coalition said recent reporting shows that enabling …
The Workers’ Compensation Bureau of California on Monday its latest quarterly report on insurer experience as of June 30. The WCIRB report shows written premium for 2018 is 4% below that for 2017 and 6% below that for 2016. “The …
XPT Group LLC has acquired Sierra Specialty in Clovis, Calif. The deal closed on Sept. 13. Sierra Specialty will continue to operate under its brand name. Sierra Specialty is a managing general agency and wholesale insurance underwriter/broker specializing in products …
