In January, Federal Emergency Management Agency administrator Craig Fugate gave states a choice for dealing with climate change. Option A: Do nothing about the rising toll of extreme weather, and hope Congress’s threats to restrict disaster aid — by raising …
Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Jeffrey Updyke as regional manager for the Northeast and Mid-Atlantic Regions of the company’s commercial insurance division in North America. In this role, Updyke will be based …
Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers Watson’s Commercial Lines Insurance Pricing Survey showed prices charged on …
Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in Dhaka told Reuters on Monday. …
For DuPont Co. and its Chemours Co. spinoff, hundreds of millions of dollars hinge on the interpretation of the word “among.” A Cincinnati appeals court heard arguments Friday that will affect the fate of thousands of lawsuits by people who …
Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To tackle the downturn in …
Guy Carpenter & Co. announced the appointment of James Nash to the newly created role of president, International, subject to regulatory approval. Nash, who currently runs Guy Carpenter’s Asia Pacific operations, will continue reporting to Peter Hearn, president & CEO …
A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency. The changes are coming to Tokio Solution Management Ltd., the reinsurer’s third party capital (TPC) markets …
North Carolina is getting more than $300 million to help portions of the state recover from damages caused by Hurricane Matthew, thanks to passage by Congress of a stop-gap spending bill that averted a U.S. government shutdown. GOP Sen. Thom …
Marsh has launched a new and proprietary casualty insurance program designed offering accessible coverage for multifamily property owners and managers experiencing challenging habitational insurance market conditions. Marsh’s PRIME Habitational Casualty Insurance Program was developed in collaboration with Endurance Global Risk …
