More than 40 people have lost their home after a fire destroyed a Delaware apartment complex. The Delaware State Fire Marshal’s office says the fire occurred around 4 a.m. Sunday at the Valley Run Apartments in Claymont near the Pennsylvania …
TOKYO – Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided by its Australian unit to speciality finance firm Greensill. Greensill filed for insolvency on Monday after losing insurance coverage for …
Global insurance broker Marsh has appointed Amy Barnes to the newly created role of head of Sustainability and Climate Change Strategy. Barnes will relocate to London later this year from Houston, Texas, and report to Lucy Clarke, president, Marsh JLT …
American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well as flood coverage, had its Demotech rating withdrawn and was downgraded by AM Best. Demotech announced March 5 that it had withdrawn American …
Wildfires have burned more than 2,300 acres of land across Alabama in recent days, forestry officials said Monday as firefighters battled two dozen blazes statewide. Fire charred 560 acres in St. Clair County, and two 400-acre fires burned in Cullman …
Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer’s re-entry into the Louisiana market. The Louisiana Department of Insurance reported that Farmers is returning to the Louisiana market in March with auto, …
Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency Inc. (InSource), in San Antonio, and Shepard Insurance Agency (Shepard), headquartered in McAllen. InSource and Shepard provide commercial and personal …
National Interstate Insurance Co. (National Interstate), based in Richfield, Ohio, has promoted Shawn Los to executive vice president. Los will assume responsibility for National Interstate’s Truck, Passenger Transportation and National Accounts Divisions, while continuing to lead the Specialty Division. He …
A man accusing of lying to investigators about the 2014 death of an oilfield worker in North Dakota pleaded guilty on March 8 in federal court. Stephan Reisinger, 50, of Kalispell, Montana, is charged with obstructing an Occupational Safety and …
Aon’s first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were on average three new E&O cyber matters per business day in 2020, a whopping 100 percent increase from 2019, and most …
