April 12, 2017
The Florida Forest Service says more than 100 active wildfires are burning across the state right now. The Tampa Bay Times reports 25 of them are scorching more than 100 acres each. Since February, wildfires have swept across 68,000 acres …
April 12, 2017
Kimberly-Clark and its spinoff medical technology firm Halyard Health have been hit with $454 million in compensatory and punitive damages, after a federal jury found the companies misled California buyers about the impermeability of their MicroCool surgical gowns. Jurors in …
April 12, 2017
Having surgery always comes with risks. But a new study suggests a new one to add to the usual list: the risk of becoming a long-term opioid user. About six percent of people who hadn’t been taking opioids before their …
April 12, 2017
Newport Beach, Calif.-based Alliant Insurance Services has combined its portfolio of specialty insurance practices under one banner forming the Alliant specialty group. The group will be led by Peter Arkley, who is with the construction services group. The new group …
April 12, 2017
AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based insurance company denied knowledge of any investigation and has tried to …
April 12, 2017
Old Mutual Plc will continue to back its businesses in war-torn South Sudan even after profit plunged last year because the economy shrank and customers scaled back operations. “Though we’re not expanding as fast as we would like to, we …
April 12, 2017
AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to underwriting property catastrophe reinsurance business …
April 12, 2017
The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and producers (insurance professionals) doing business in New York, even those …
April 12, 2017
Custom House Risk Advisors (CHRA), a Westwood, Mass.-based independent risk management consulting affiliate of Starkweather & Shepley Insurance Brokerage Inc., has hired Kathleen Nickerson as vice president, Susan M. Scanlon as a risk management consultant and Janine Stewart as an …
April 12, 2017
The revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, is €234 million ($243 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. The cold …