U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United States. A report sponsored by the groups and released by the …
U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen Clark & Co. concludes in …
Fort Worth, Texas-based InsureZone has added Renee Gage as vice president of business development. Gage brings more than 25 years of operational experience to InsureZone. She started her insurance career with Union National Life and Fire Insurance Co. Gage also …
Prepared Insurance Company (PIC), a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program (WYO). The insurer is offering Florida consumers the ability to purchase flood and homeowners insurance through one carrier with one …
ACE Group has announced several key executive appointments in its ACE Bermuda business. Rees Fletcher has been named Chairman of ACE Bermuda. He joined ACE Bermuda 26 years ago, rising to the position of Senior Vice President, Excess Liability in …
Cooper Gay Swett & Crawford (CGSC) as posted the results of its business activity in 2014, which show overall revenue growth from fees and commission of 13.4 percent to $387 million, compared to $336 million in 2013 CGSC’s EBITDA (operating …
A.M. Best has released a new equity report focusing on the stock performance of global reinsurance companies. The report covers fourth quarter and full-year 2014 and “shows mixed results.” Best said: “For publicly traded reinsurance companies (including the four large …
Standard & Poor’s Ratings Services has issued a report warning that, “while recent history shows that natural catastrophes may have not been a major rating factor on corporate credit quality in the past, their effect in the future may increase …
ANV Holdings BV, the Dutch headquartered global specialty insurance group, has confirmed that the company’s founder, R. Matthew Fairfield is stepping down effective immediately as the Company’s Chief Executive Officer and as a member of the Board for personal reasons. …
ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: media event expense; disciplinary proceeding defense; emergency evacuation expense; and patient property …
