Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch Ratings in a new report. The total industry …
Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd. in crisis and ensnared hundreds of firms, the embattled steelmaker’s shares skidded to five-year lows on Monday as investors worried about the financial and …
The California Division of Workers’ Compensation has suspended three more medical providers from participating in the state’s workers’ comp system, bringing the total number of providers suspended this year to 49. The suspensions were made possible by the passage last …
Los Angeles, Calif.-based Worldwide Facilities has named Cameron Kelly its chief operating officer. Kelly will be responsible for managing the company’s production offices, compliance, and acquisition integration. He will continue to serve as a member of the executive management teams. …
Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s expansion in the property market, initially focusing on North …
INSUREtrust has promoted Will Tschetter to Professional Lines broker. In his new role, Tschetter will specifically focus on new broker production, and will be brokering cyber insurance, technology errors and omissions insurance (tech E&O), and miscellaneous professional liability (MPL) insurance. …
Florida’s famous oranges are still falling from trees and rotting on the ground weeks after Hurricane Irma, and the state’s agriculture commissioner said Thursday there will be fewer Florida vegetables on Thanksgiving tables and a shortage of poinsettias at Christmas. …
If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by hurricanes could increase more than 70 percent by …
Tesla Inc. is partnering with Liberty Mutual Insurance Co. to offer an auto-insurance plan designed specifically for its electric cars in the U.S. The plan made available to U.S. customers starting Friday is similar to what Tesla owners have been …
Reports of safety incidents involving civilian drones have surged to an average of 250 a month, leading to a federal “emergency” action to approve drone flights in restricted areas, according to a government notice seeking new procedures for the craft. …
