January 22, 2019
The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses, according to an Aon report titled “Weather, …
January 22, 2019
Markel Corp. has reported that Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer for Bermuda, are no longer with the company following the disclosure of a “personal relationship” that the insurer said violated …
January 21, 2019
Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS) annual conference in San Diego. An audience poll at the …
January 18, 2019
The U.S. Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent of their qualified …
January 18, 2019
Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been named Marketing senior …
January 18, 2019
The National Association of Insurance Commissioners (NAIC) recently named 34 consumer liaison representatives for 2019. Established in 1992, the Consumer Liaison Program promotes consumer interaction with state insurance regulators at meetings and throughout the year. The 20 funded and 14 …
January 18, 2019
The Occupational Safety and Health Administration is reminding employers they face a Feb. 1 deadline. That is the deadline for employers to post a copy of OSHA’s form 300A, which summarizes job-related injuries and illnesses logged during 2018. Each year, …
January 18, 2019
Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were helped by a rare decline in overall losses and loss …
January 18, 2019
Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and retirees. The ratio compares the number of people over age 65 – classified as “old” – with those aged 15 to …
January 18, 2019
Two companies battling for a share of more than $14 billion in mandated safety upgrades on U.S. railroads are set to collide in federal court to resolve a dispute over technology that prevents train accidents. Germany’s Siemens AG accuses U.S. …