Drought conditions across much of Maine may have contributed to the large numbers of trees that toppled during a storm that walloped the Northeast this week, officials said. The storm cut power to nearly 1.5 million homes and businesses in …
A Virginia woman who faked her own death in connection with an elaborate fraud scheme has pleaded guilty to federal conspiracy and fraud charges. Forty-nine-year-old Alexandra Hatcher entered the guilty plea on Tuesday and faces sentencing on Feb. 12. Hatcher’s …
Safety National Re has hired Lydia Wilmot as vice president and Stephanie Wizner as assistant vice president. Wilmot and Wizner will be based out of New York. With more than 15 years of combined industry-related insurance and reinsurance experience, both …
Allianz Worldwide Care has changed its name to Allianz Partners, and its international health and life insurance products and services are now being promoted under the “Allianz Care” product brand. As international health and life specialists, Allianz Partners will continue …
Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal details of almost 50,000 employees. The Malaysian government is working with carriers and police to investigate the issue and …
President Donald Trump called Wednesday for repealing the Obamacare individual mandate in a tax overhaul, a day before House GOP leaders planned to unveil a bill without that provision. In a pair of tweets, Trump said: “Wouldn’t it be great …
President Donald Trump signed a Congressional resolution on Wednesday that lets banks block customers from filing class action lawsuits, partly delivering on his election campaign promise to lighten U.S. financial regulation. The White House confirmed Trump signed the resolution, which …
Governor Charlie Baker has appointed Gary D. Anderson as commissioner of the Massachusetts Division of Insurance (DOI), a regulatory agency under the Office of Consumer Affairs and Business Regulation. Anderson has served as acting commissioner since February of this year …
Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers and reinsurers due to natural catastrophes, but said it was seeing some evidence of an increase in pricing. The property …
A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We …
