To limit the rising cost of health care, U.S. companies are increasingly turning to private insurance exchanges that let employees shop for plans, according to research from Accenture Plc. About 6 million people got health insurance coverage via such online …
Bermuda-based Ironshore Specialty Casualty’s Construction unit announced that it will “offer coverage enhancements through Crisis ThreeSixty,” which it described as an “an optional policy endorsement that provides up to $50,000, on a first-dollar-basis for expenses, such as psychological counseling fees, …
Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout North and South America. The poll by the Organization of American States, …
XL Group’s kidnap & ransom underwriting team has announced the launch of its new Global Security Insight (GSI) platform. Created and frequently updated by Salamanca Group, the merchant banking and operational risk management business, the global platform provides XL Group’s …
The National Transportation Safety Board on Monday called for the faster replacement of rail cars that carry flammable liquids like crude oil or ethanol, one of four urgent recommendations stemming from an investigation of recent derailments. The NTSB is seeking …
Hub International Limited announced that its subsidiary Hub Financial Inc. has acquired the assets of Cortex Financial, a Thornhill, Ontario-based managing general agency. Hub said the acquisition broadens its “footprint in Canada and its reach to financial advisors and insurance …
ProSight Specialty Insurance has partnered with the North American Board of Certified Energy Practitioners (NABCEP), a provider of renewable energy practitioner certification, to launch an insurance offering for NABCEP certified solar professionals. The organizations have collaborated to promote NABCEP certification …
ACE Group has launched its high net worth personal insurance capabilities in Canada through ACE Private Risk Services. ACE’s program features a highly customizable and specialized package of policies that can include home, valuable collections, watercraft, umbrella liability, and auto …
It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the EU’s Solvency II regulations is nearing completion. In his …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from Extratropical Cyclone Niklas will range between €1.0 billion and €1.9 billion [$1.09 to $2.07 billion], with the majority of losses in Germany. Losses also occurred in Austria, Belgium, the Czech …
