“The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in Q2 2012 through 12 tranches (representing 7 deals),” according to Willis Capital Markets & Advisory …
The longer-term rating implications for insurers that the Group of 20’s Financial Stability Board (FSB) has designated global systemically important insurers (G-SIIs) will be mixed, according to a report published by Standard & Poor’s Ratings Services. The report – “Possible …
Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can prise open sensitive sectors such as farm goods and state-linked firms. Tokyo’s …
Florida’s high court has ruled that insurers under a 2008 law must pay a contractor’s overhead and profit as part of the expense of repairing a homeowner’s property despite the fact the repairs may not have been made. The Florida …
Wells Fargo Insurance, part of Wells Fargo & Co., named Jason Paulnock senior vice president and managing director for its Minnesota offices. Paulnock will lead business development, client service and sales, and cross-sell for the company’s insurance operations in Minnesota. …
The Oklahoma Geological Survey has begun work on plans to reduce the risk of oil-field work involving injection wells that some believe may be causing earthquakes. The Tulsa World reported that a summary report said the risk of oil field-caused …
The Iowa Supreme Court said a couple from Ecuador may sue their attorney for emotional distress because his advice caused them to be separated from their children and grandchildren for a decade. It’s the first time the state’s high court …
U.S. Sen. Mary Landrieu and her Senate race challenger, U.S. Rep. Bill Cassidy, are jockeying for credit and prominence on a high-profile problem for many Louisiana residents: the skyrocketing cost of flood insurance premiums. Cassidy, R-Baton Rouge, worked with other …
Six defendants in a case involving an automobile accident insurance fraud scheme in Louisiana have pleaded guilty, U.S. Attorney Stephanie A. Finley announced. The pleas were heard by U.S. District Judge S. Maurice Hicks, Jr. on July 22, the day …
Billionaire investor Warren Buffett joined in a ceremony that marked the opening of a new customer service center for the Geico insurance company in suburban Indianapolis that’s expected to have as many as 1,200 workers within a few years. Buffett’s …
