State insurance department officials are reporting that Montana licensed 34 new captive insurance companies in 2014, bringing the state’s total number of licensed captives to 177. In addition to the 34 new captive insurance company licenses, the number of series …
Alabama authorities say a tractor-trailer crashed on Interstate 20 near Tuscaloosa because the driver lost control while he was pulling one of his teeth. The Alabama Highway Patrol says the truck driver told troopers he had taken his hands off …
Willis Re, the reinsurance division of Willis Group Holdings plc, announced that it has launched “the insurance industry’s first cyber risk modeling tool that will enable insurers to quantify and manage their portfolio exposure to data breaches, the leading cause …
Ace Ltd. Chief Executive Officer Evan Greenberg, whose insurer last week posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary. “The U.S. right now is the preferred destination …
Atlanta-based specialty insurance broker Beecher Carlson Insurance Services has appointed Jim Zoda as senior vice president of risk control. He is based in Texas. Zoda’s main focus will be to provide risk assessment and control, strategic planning, management of long-term …
Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia. Mackinnon starts in early February and brings with him more than 21 years’ experience in the international insurance industry, having extensive knowledge …
XL Group plc reported its fourth quarter and full year 2014 results. Highlights include: Operating net income of $293.9 million, or $1.12 per share, for the fourth quarter of 2014, compared with $286.9 million for the same period in 2013. …
The nuclear “breakthrough understanding” between President Barack Obama and Prime Minister Narendra Modi seeks to allay U.S. concerns about industry liability and unlock billions of dollars in investments into Indian power projects. Here’s a Q&A that lays out some of …
Malaysia, which suffered two commercial air disasters last year after one jet disappeared and another was shot down over Ukraine, said on Monday the United Nations must make reporting of risks to airlines over conflict zones mandatory. The International Civil …
Construction, Occupancy, Protection and Exposure (COPE) are the same four basic elements of underwriting data that real property underwriters have used for nearly 300 years. So what are these time-honored elements? The following paragraphs briefly explain each element of COPE. …
