The World Bank Group issued its largest catastrophe bond, providing Mexico with financial protection of as much as $360 million against losses from tropical cyclones and earthquakes. Mexico is among the countries most vulnerable to natural disasters, the bank said …
Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, according to the J.D. Power 2017 U.S. Small Commercial Insurance Study. …
Catastrophe bond issuance during the second quarter stood at US$6.38 billion across 20 transactions – a new record for quarterly issuance that surpassed the previous record of US$4.49 billion set in Q2 2014, according to a report issued by Aon …
Most residents were being allowed to return to the homes they were forced to leave after a train derailment and resulting fires in their small Pennsylvania town, authorities said. Tests on air quality led the railroad CSX, an incident management …
Two firms are trying to avoid reimbursing a Connecticut native for the loss of his boat after it sank with his mother on board under suspicious circumstances. The Hartford Courant reported Thursday the National Liability & Fire Insurance Co. and …
Normandy Insurance Company, a Deerfield Beach, Fla.-based workers’ compensation carrier, is now offering coverage plans to small, mid-size and large businesses in Pennsylvania. This marks the third major expansion by the multi-state insurer in recent months, and its first venture …
The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, reported in its second quarter results that it has initiated expense actions to eliminate approximately 160 positions. This move is part of the …
Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad, manufacturing, energy and utilities businesses all reported increased …
Blenheim announced the appointment of John Cutts to develop a specialty reinsurance division within Syndicate 5886, subject to relevant regulatory consents. Cutts will take up his role in 2018 upon concluding his existing responsibilities at Talbot Underwriting, where he has …
The Travelers Cos. has completed its previously announced acquisition of Simply Business, a provider of small business insurance cover in the United Kingdom, which offers products online on behalf of a broad panel of carriers. London-based Simply Business has more …
