U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. The Federal Aviation Administration over a two-year span granted more than 5,500 exemptions …
Third party administrator Gallagher Bassett (GB)* has appointed John McNamara to the position of managing director – Australia, effective Jan. 1, 2017. McNamara succeeds Jon Winsbury who is moving into the role of executive vice president, Gallagher Bassett International. McNamara …
The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. Three major …
The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re. This treaty, which incepted on Oct. 1, …
State Auto’s Western Region has added Bob McCarty as underwriting manager for the Central/Southern Texas area. He is based in Austin. McCarty has 30 years of insurance and management experience. He began his career in insurance after retiring from the …
Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for the state’s property insurer of last resort is set to approach 54,500 with the most recent round of depopulation. That number represents a significant drop from a high …
Authorities in a central Florida county are looking for a thief who stole more than 400 newly-planted orange trees from a grove. Orlando television station WFTV reported Monday that Polk County Sheriff’s Office deputies were investigating the disappearance of the …
The National Weather Service says forecasters have confirmed that 20 tornadoes touched down in Alabama last week. The agency says storm surveys found damage from 11 twisters in central Alabama and nine more in north Alabama. The strongest was the …
Chirping and beeping filled the air as Marion Paul fired up her Gatlinburg video arcade Monday, the first time she’s seen her business since deadly wildfires set much of the city ablaze a week ago. Sooty floors needed dusting. Spoiled …
Devastating wildfires that have hit the state of Tennessee, particularly in the City of Gatlinburg, have caused widespread damage, with 656 claims reported to the Tennessee Department of Commerce and Insurance (TDCI) as of Dec. 1. That number will undoubtedly …
