Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks for local insurers around the world, posted their biggest gains …
Suren Hovhannisyan, a former insurance agent, has been sentenced in Los Angeles County Superior Court to 180 days in jail and five years of formal probation after pleading no contest to three felony counts of Grand Theft. Hovhannisyan was also …
In Maryland, which historically has ducked many of the worst storms of the last 50 years, the question is increasingly not if, but when the next big one will strike. And while some believe the state has often been spared …
A Pennsylvania man has sued a Chinese buffet where he contends his two young children’s mouths and throats were burned by caustic lye in their apple juice cups. Star Buffet & Grill manager Steve Weng tells LNP he’s turned the …
Allianz Global Corporate & Specialty SE (AGCS) has appointed Anthony Vassallo as senior underwriter leading downstream energy for the regional unit in London that includes the UK, Ireland, Dubai, Russia, the Nordic Region, Australia and New Zealand. He will be …
Brady Risk Management Inc., a Huntington, N.Y.-based financial risk management firm, has announced the opening of Brady Risk New England Property/Casualty Managing General Insurance Agency based in Portland, Maine. The new office will serve preferred retail insurance agencies in Maine, …
B.F. Saul Insurance, a Bethesda, Md.-based regional insurance brokerage and risk advisory firm, announced that Jason Jones has joined the firm as president. Jones will oversee an expansion of the company’s platform and mission in this role. Prior to joining …
Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars’ worth of property damage in less than two weeks. Although insurers maintain some number …
State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. If the …
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The NFIP was set to expire in a few weeks on …
