June 3, 2015
RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be responsible for driving sales …
June 3, 2015
The Insurance Council of Australia (ICA) announced that insurance losses from claims following from storms in April and May at A$1.551 billion [US$1.208 billion], as a series of severe storms hit eastern Australia. The ICA said its “member companies have …
June 3, 2015
PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the country’s worst …
June 3, 2015
Brazil’s government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two people with direct knowledge of the matter said. In …
June 3, 2015
Legislators in America’s second-largest banking center are considering regulations for Bitcoin and other virtual currencies. North Carolina’s banking commissioner is seeking legislative authority to require that companies circulating digital IOUs meet consumer protection, anti-money laundering and other standards. Legislation passed …
June 3, 2015
The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) has arrested Juan C. Garcia, owner of Construction Forever LLC, for his involvement in a workers’ compensation insurance fraud scheme. The investigation conducted by DIF revealed that Garcia provided …
June 3, 2015
Florida gun owners who don’t have a concealed weapons permit can now take their firearms with them while fleeing a hurricane. Not that it’s been a big problem in Florida in the past. No one can cite an example of …
June 2, 2015
Alliant Insurance Services has named Jeffrey Strassner a managing director in surety in its construction services group. Strassner is based in the Los Angeles, Calif. office. He is charged with expanding the commercial surety expertise at Alliant and delivering contract …
June 2, 2015
Even though it means the commencement of hurricane season, weather-beleaguered Texans are likely pleased that May 2015 has come and gone. Texas was pelted during the month of May with all kinds of violent and deadly weather, including hail storms, …
June 2, 2015
The U.S. Court of Appeals for the First Circuit has revived a New Hampshire private school’s lawsuit seeking to prove that it is still covered by an insurance policy from almost 50 years ago even though there are no longer …