For a second consecutive year, underwriters of surplus lines insurance in the United States generated just modest growth in direct premium of 2.8 percent in 2016, according to a new A.M. Best special report. Surplus lines writers also posted an …
A magnitude 3.3 earthquake has hit the Cook Inlet region of Alaska, the Alaska Earthquake Center confirmed. The center reported the earthquake struck at 6:11 p.m. Sunday eight miles west of Tyonek, a village of about 190 people. The center …
The U.S. Geological Survey confirmed a moderate magnitude 5.3 earthquake has rumbled through southeast Idaho. There were no immediate reports of damage or injuries. The epicenter of the quake was located 11 miles east of Soda Springs, Idaho, and was …
Wildfires forced thousands to flee their homes across the U.S. West during a sweltering, smoke-shrouded holiday weekend of record heat. The fires caused evacuations in Glacier National Park in Montana and many other parts of the West; compelled crews to …
Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, which help insurers shoulder the burden of large …
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma’s maximum winds rose as high as 175 miles an hour (280 kilometers an …
BOLT Solutions Inc., a New York-headquartered provider of an online distribution and customer support platform for the property and casualty insurance industry, has hired Tom Temple as managing director of business development. In this role, Temple will work to identify …
A federal inspector has recommended imposing a fine on New Jersey’s public transportation system as it falls behind on installing a mandatory safety system. A Federal Railroad Administration inspection report on June 12, reviewed by The Record, recommended federal officials …
An employee at Pennsylvania’s Department of Transportation granted driving privileges to more than 30 people without requiring them to show proper documents or take driving tests under a bribery scheme that netted him nearly $14,000, federal prosecutors said. Prosecutors said …
Losses anticipated from Hurricane Harvey are unlikely to exceed the top reinsurance limits of insurers writing business in Texas, according to new Best’s Special Report, titled, “Texas Insurers Expected to Withstand Losses from Hurricane Harvey.” Over the past several years, …
