Global reinsurance pricing in aggregate was flat to up about 5 percent during the January 2018 renewals, and more price hikes can be expected in loss-affected areas during the year, according to S&P Global Ratings. After last year’s spate of …
CoreLogic’s annual Natural Hazard Risk Summary and Analysis shows that 2017 was a year of relatively average activity for most U.S. natural hazards with the exception of wildfires in California and flooding from Hurricanes Harvey and Irma. The annual report …
New Jersey Governor Phil Murphy is ordering an audit of the state’s beleaguered transit agency. Murphy, a Democrat, signed the executive order calling for an audit of New Jersey Transit alongside Democratic and Republican lawmakers on Monday at a rail …
The University of Pittsburgh has suspended a fraternity and temporarily barred all Greek life organizations from hosting events with alcohol after a student was hospitalized in an “alcohol-related incident.” University officials have not released specifics about what led to the …
The MEMIC Group, a Portland, Maine-headquartered workers’ compensation carrier, has been ranked the top workers’ compensation company in the U.S. by the Association for Cooperative Operations Research and Development (ACORD), the global standards-setting body for the insurance industry. In a …
RSA’s UK & International business has appointed Tony Buckle and Rob Gibbs as managing directors of Global Risk Solutions (GRS) and Commercial Risk Solutions (CRS), respectively. Tony Buckle will join RSA on Feb. 1, 2018 to head up GRS, which …
Italy’s billionaire Benetton family plans to boost its stake in Assicurazioni Generali SpA, the country’s biggest insurer, to as much as 2 percent as part of a strategy to increase investments in the financial industry, according to people familiar with …
SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a …
West Virginia Attorney General Patrick Morrisey said the state will receive more than $153,000 in a national settlement with a prescription drug manufacturer. Morrisey says in a news release last month that every state and the District of Columbia are …
Attorneys say the family of a boy who died from carbon monoxide poisoning at a North Carolina Best Western hotel in 2013 has agreed to settle wrongful death and injury lawsuits. The family’s attorneys said in a news release Monday …
