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 …
A husband and wife who owned an Atlanta pharmacy accused of supplying drugs to pill mill patients have been ordered to pay $5 million to state agencies that offer substance abuse treatment and victim assistance. Rosemary Ofume, 59, and Donatus …
SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. According to Jorge Pecci, CEO of …
Florida Insurance Commissioner David Altmaier has ordered a statewide overall workers’ compensation rate decrease of 9.8 percent, a slightly higher decrease than the 9.6 percent decrease filed by the National Council on Compensation Insurance (NCCI) back in August. Altmaier’s order …
Boca Raton, Fla.-based Universal Insurance Services LLC, a subsidiary of Vanbridge LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance. Lorentz joins Universal from HilltopBancSystems where he served as vice president of portfolio …
Property/casualty insurance software provider Guidewire Software announced a transition in its sales and operations leadership, and the closure of its previously announced acquisition of Cyence. Guidewire announced that Scott Roza, chief business officer, is stepping down from that position in …
A California lawmaker said he plans to introduce a bill that would require worker’s compensation for police officers injured while responding to crimes committed out of state. The proposal by Assemblyman Tom Daly, D-Anaheim, is in response to off-duty officers …
Minnesota Commerce Commissioner Mike Rothman says fraudsters have been operating a large-scale fraud scheme in the state using a fake insurance agency as a cover. The commerce department said recently that it has received five complaints and inquiries from Minnesotans …
Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied World’s cyber policyholders access to two customized, simulated phishing assessments per …
