London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018. Marking the fourth annual renewal and continued expansion of this vehicle, Versutus …
The Montana Board of Investments approved the transfer of $14.7 million from the Montana State Fund to the state’s firefighting fund by April 1. During a special legislative session in November, lawmakers set a temporary 3 percent management fee on …
The family of Bill Paxton has filed a wrongful death lawsuit against a Los Angeles hospital and the surgeon who performed the actor’s heart surgery shortly before he died. The suit filed against Cedars-Sinai Medical Center alleges the surgeon, used …
After Idaho’s Republican governor promised to find creative ways to get around Obamacare, one health plan in the state plans to offer skimpy coverage that may violate many of the law’s protections for patients. Blue Cross of Idaho said Wednesday …
Integro Insurance Brokers has named Jacquelyn Neal as a principal in the marine practice. Neal is based in the San Francisco, Calif. office. She will manage a book of existing marine clients and develop new cargo and marine liability business. …
Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon Institute. However, while cyberattacks have …
Firefighters say a blaze at a decades-old Maryland tavern in a Washington, D.C. suburb has caused damage costing roughly $500,000. Pete Piringer with Montgomery County Fire & Rescue Service tells WTTG-TV it appears the flames at Hank Dietle’s Tavern in …
The Maryland Insurance Administration (MIA) responded to 12,188 consumer complaints and inquiries in 2017, facilitating claims settlements and refunds totaling $11,766,213 for Maryland consumers, according to a press release issued by the administration. While the Insurance Administration cannot actually settle …
Commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017’s record catastrophes; however, abundant capacity in the form of traditional and alternative capital is likely to depress widespread market firming, according to global advisor Willis Towers …
Sunoco has agreed to a $12.6 million fine over problems with a massive natural gas pipeline project, but work will resume under a consent agreement, Pennsylvania regulators said. The Department of Environmental Protection said Sunoco Pipeline has made changes since …
