Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure damaged by heavy rains …
Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India will act as a domestic reinsurance branch of …
RMC Group, a Naples, Fla.-based consortium of leading insurance and actuarial consulting firms, announced that Ryan S. Mitchell has been named president of its U.K.-based operation. Working out of RMC’s London office, Mitchell will coordinate and oversee RMC’s European reinsurance …
With flooding on the rise around the world, Johnston, R.I.-based FM Global said it has created an interactive Global Flood Map to help companies manage this increasing and potentially costly risk. The Global Flood Map provides business executives with a …
XL Group, the corporate parent of XL Catlin, said that Stephen Catlin will be retiring as executive deputy chairman at the end of 2017. Catlin sold his eponymously-named Bermuda specialty insurer and reinsurer to XL Group in 2015 for $3.9 …
The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions including fines against four former Tennessee insurance producers who violated various provisions of Tennessee law, according to a statement from the department. Former insurance producers Dillion R. Shaw, Darius …
NAS Insurance has launched a new cyber insurance product that addresses cyber risks to individuals and families through add-on coverage to homeowners’ insurance policies. NAS’ Personal CyberPlus covers cyber bullying, cyber extortion, wire transfer fraud, and breach notification costs. In …
Authorities say a woman stole more than $3 million from the South Carolina real estate company she worked for more than a decade. A police report obtained by WMBF-TV said an audit at Hoffman Corporation determined 48-year-old broker in charge …
A bill backed by the insurance industry to curb the abuse of Florida’s one-way attorney fee statute in assignment of benefit claims has stalled as lawmakers opted to instead advance what the insurance industry and the state’s regulator feel is …
Economic damage from a Colorado mine waste spill caused by the U.S. Environmental Protection Agency may be far less than originally feared after attorneys drastically reduced some of the larger claims, The Associated Press has learned. Farmers, business owners, residents …
