Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA). Day-to-day claims handling on non-U.S. business will be outsourced to R&Q …
RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, said London-based RFIB. “Asia represents a …
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover pricing power. It’s a fantasy, some analysts …
If Aetna Inc. is eventually swallowed by CVS Health Corp., an important part of the health-care business will be changed — perhaps for good. For years, pharmacy benefits were largely carved out from the rest of a medical coverage plan. …
The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars. The auto safety agency said in a report that it wants to find any “unnecessary regulatory barriers” …
A law firm fighting lawsuits for Flint, Michigan, residents over lead-tainted drinking water is filing the latest class-action case blaming a North Carolina chemical plant for releasing little-understood compounds into the water supply for hundreds of thousands of people. The …
A former South Carolina police officer fired after a photo of him posing in Confederate flag underwear appeared online has settled a wrongful termination lawsuit. North Charleston city attorney Brady Hair tells the Post and Courier of Charleston Friday the …
Hurricane Irma’s damaging rampage through Florida may require the state fund that provides backing to private insurers to pay up to $5.1 billion in claims. Anne Bert, chief operating officer for the Florida Hurricane Catastrophe Fund, said Thursday the fund …
Florida Gov. Rick Scott’s push to force nursing homes to add generators in the aftermath of Hurricane Irma could be blocked after a judge ruled there was no pressing danger that justifies the order. Scott called for the rules after …
Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS. The firm now estimates the insured loss for the wildfires impacting Sonoma, Napa, Solano, Lake and …
