European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. Of the Atlantic storm systems that hit …
Sompo International said it has agreed to buy an Italian agriculture insurer in a bid to broaden the reach of a new, recently launched global technology platform focused on the sector. The Bermuda-based specialty property/casualty insurer and reinsurer expects to …
The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it harder to raise rates. …
At least 1,000 gallons of petroleum fuel has spilled into a river in North Carolina. The Asheville-Citizen Times reports authorities have warned people to stay out of the French Broad River following Sunday’s spill in Asheville. North Carolina Division of …
The University of Arizona’s public health college and its mineral resources institute will use a $1.6 million grant to help improve mine safety training. The federal grant announced this week will be used to develop new training methods for mine …
Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost its North American insurance market share. Sapiens …
If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two hours’ drive from one …
Cal/OSHA has cited Gorilla Tree Service for serious and accident-related workplace safety violations following an investigation of a brush chipper accident that killed a 24-year-old worker in Napa. On Aug. 15, 2017, the employee was reportedly working on the ground …
NSM Insurance Group, the national leader of industry-specific insurance program administration, announced Tuesday that it has acquired TranSpec, a highly specialized transportation insurance broker located in Nashville. TranSpec specializes in designing and implementing insurance programs for trucking firms that utilize …
The North Carolina Rate Bureau (NCRB) has requested a statewide average rate increase of 18.9 percent, varying by territory, on dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. The dwelling insurance rate filing was …
