R-T Specialty LLC has promoted Claudia May, based in Houston, to co-president of the company’s national personal lines practice. May has concentrated on personal lines since the start of her career over 25 years ago. She comes to RT via …
Insurance wholesale broker and underwriting manager Burns & Wilcox has partnered with its PGA golf brand ambassadors, pro golfers Webb Simpson and Jimmy Walker, to donate $50,000 to two charities. The donations are a result of Champions & Charities, one …
Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital’s breach of its covenant agreement, according to a notice to …
LP Insurance Services LLC has named Peter Kitowski to the Sacramento, Calif.-area team. Kitowski has more than 30 years of insurance industry experience. Kitowski began his insurance career in 1987 with Aetna as an underwriter then later became a commercial …
Rice University engineers have created a deep learning computer system that taught itself to accurately predict extreme weather events, like heat waves, up to five days in advance using minimal information about current weather conditions. Ironically, Rice’s self-learning “capsule neural …
For most of the 20th century, the insurance industry considered wildfires to be little more than a benign nuisance. They occurred frequently but rarely resulted in more than a handful of claims, and underwriters priced for them in the same …
Dale Maki, of Usk, Wash., was charged in Pend Oreille Superior Court with one count of false claims or proof in connection with a phantom auto theft claim. Maki was charged after an investigation by Insurance Commissioner Mike Kreidler’s Criminal …
Axa SA is in advanced talks to sell its central and eastern European operations to Austria’s Uniqa Insurance Group AG, people familiar with the matter said. The insurers aim to reach an agreement in the coming weeks for the businesses …
A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the European Union on Jan. 31 and will …
A semi-truck crashed Monday morning and began leaking a flammable liquid, leading emergency crews to evacuate about 15 homes in southern Kentucky, police said. The truck overturned and was partially hanging off a bridge over CSX railroad tracks in a …
