Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share. The $9 …
The massive floods that devastated swaths of southern Alberta in June are estimated to be the costliest natural disaster in Canadian history, with the Insurance Bureau of Canada pegging the property damage at C$1.7 billion (US$1.65 billion). The bureau, which …
Aon Benfield’s annual Evolving Criteria report, which reviews the latest developments in rating agency protocol and impact for the insurance industry in the Asia Pacific region, concludes: “The Asia Pacific insurance markets have slowly recovered from the significant losses they …
Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. She will oversee Ironshore’s M&A insurance offerings and services throughout the Asian region. O’Reilly is a corporate lawyer, and was an …
According to a new report from A.M. Best Co., the U.K. non-life insurance sector “faces mounting pressures, ranging from regulatory changes and competitive market conditions to an uncertain economic environment and low investment returns.” “The report entitled, “U.K. Non-Life Insurers …
Toms River, N..J., homeowner George Kasimos wants to make sure that lawmakers in Washington, D.C., hear the growing concerns of his shore community and other communities across the country. Kasimos started a grassroots organization called “Stop FEMA Now” last January …
Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the blame for these …
A Slidell, La., insurance agent was served by Louisiana Department of Insurance Fraud Division investigators with a summary suspension and cease and desist order for alleged misappropriation of insurance premium funds and dishonest business practices. The LDI reported that Lindsay …
Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop Fire-Prevention Credit, Automatic Water Supply Line Flood-Prevention-Device Credit, and …
The federal government has asked the U.S. Supreme Court to decide whether Oklahoma City-based Hobby Lobby and a Christian bookstore chain have to provide a wide range of birth control options for workers as part of the federal health care …
