Christopher Ballantyne joined specialty insurer Brit Ltd.s claims team in the newly-created role of vice president of Delegated Claim Authority. Ballantyne will be responsible for the day-to-day oversight and performance management of Brit’s North American claims service providers, as well …
A U.S. investigative agency said on Tuesday that two New York City area commuter train crashes were the result of engineers with undiagnosed sleep disorders. The National Transportation Safety Board (NTSB) criticized the lack of safety systems in both crashes …
California officials are downplaying the risks of climate change to bond investors while citing those same risks as the basis for a lawsuit against oil companies, according to a conservative think tank that has asked securities regulators to investigate. The …
Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of $29.3 billion — which follows a $6.5 billion …
XL Catlin announced the promotion of Mike MacColl to the position of global practice leader for Hull with immediate effect. Previously, MacColl held the role of head of Hull for the UK. MacColl takes on the role from Mike Talbot, …
Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, …
A Pennsylvania jury has awarded $1.7 million to a Little League player who was hit in the head by a foul ball in the dugout on the day before his 12th birthday. His lawyer says Zachary Hoffman sustained a traumatic …
A Miami businessman accused of massive fraud involving foreign investors’ money in a Vermont ski area has agreed to pay back more than $81 million and give up ownership of two ski resorts, the Securities and Exchange Commission said Friday. …
Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides the organization with US$1.36 billion of capital markets’ protection. The bond …
For the calendar year 2017, Maryland Insurance Commissioner Al Redmer Jr. authorized civil orders and criminal charges totaling $466,261 in fines, penalties and restitution to 77 citizens charged with committing insurance fraud. “Our Insurance Fraud Division continues to investigate all …
