As tornado season begins in the Tennessee Valley, the National Weather Service is implementing a warning system designed to give more specific information on approaching storms. Piloted last year in the Midwest, the Huntsville, Ala., weather office is adding “impact-based …
Leavitt Group has hired Paul Carpenter in its Portland, Ore. office. Carpenter specializes in commercial insurance. He has more than 15 years of experience managing teams and agencies in the life, individual and group health and annuity markets. Prior to …
One person was reported killed and several others injured when a large tornado swept through Northern Illinois on April 9. The Illinois towns of Fairdale, Rochelle and Kirkland sustained major damage. Fairdale, a community of 200 about 20 miles southeast …
Authorities are accusing a contractor of taking more than $9,000 from insurance companies for roofing jobs in Richmond County, N.C., that he didn’t do. The Richmond County Daily Journal reports 42-year-old David Allen Coble of Monroe is charged with felony …
A bill that would direct the California Department of Motor Vehicles to give insurance agents and brokers better access to motor vehicle records will be heard before the before the Assembly Transportation Committee on Monday. Assembly Bill 933, sponsored by …
A panel of investor advocates said on Thursday they were developing a proposal for U.S. securities regulators that will make it easier for retail investors to conduct online background checks of financial professionals before hiring them. The Securities and Exchange …
American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company. Brady worked most recently as …
RMS, the Newark, Calif.-based catastrophe risk management firm, has released updated RMS Europe windstorm models and North Atlantic hurricane models. The 15.0 RMS Europe Windstorm Models’ hazard and vulnerability components have been updated to strengthen risk selection and portfolio management …
The Colorado State University hurricane forecast for the Atlantic Ocean came out Thursday and called for seven named storms. That would be the fewest since 1997. The CSU forecast will be followed soon by a host of others, most of …
The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M. Bestspecial report. The report, titled “Risk-Based Capital …
