French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said. AXA is undergoing a deep restructuring to help it cope with …
A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California Edison, company and fire officials said on Monday. The company, a …
California Gov. Gavin Newsom said on Monday that utility Pacific Gas and Electric Co. should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers. Separately, the California …
B3i announced it has released the latest version of its property catastrophe excess of loss (XoL) reinsurance application in time for the January 2020 renewals. The product enables customers and their counterparties to negotiate terms, agree on rates and complete …
How dangerous is travel in the United States? It depends on how the question is framed. If it’s risk per kilometer (about 6/10ths of a mile), the U.S. has 6.71 deaths per billion vehicle kilometers of travel compared to the …
London-based specialty broker Price Forbes has launched a U.S. healthcare practice headed by market veterans Paul Voller and David Fairbank, who are joining from JLT Group. Based out of London the practice will focus on the U.S. healthcare sector arranging …
Erie Insurance has named Karen Rugare to the position of vice president of customer service operations and strategy, effective October 17, 2019. Rugare began her career at Erie 20 years ago as a media and government relations specialist. She was …
Delaware is set to see a decrease in workers’ compensation insurance rates for the third year in a row, effective December 1, 2019. “I am delighted to approve a decrease in workers’ compensation rates in Delaware for the third year …
Authorities say a worker has died at the construction site of a soon-to-open New Jersey megamall and entertainment complex. The accident occurred Wednesday afternoon at the American Dream mall at the Meadowlands complex in New York City’s metropolitan area. New …
The National Security Agency is normally so secretive that its creation was classified, leading to the nickname “No Such Agency.” But in a move that surely caused hand-wringing and murmurs among the nation’s longtime spies, the agency opened its doors …
