Catastrophe modeling firm AIR Worldwide estimates that insured losses in Germany from the recent floods in Central Europe are between €4.0 billion [$5.28 billion] and €5.8 billion [$7.66 billion]. The overall economic impact is expected to be much higher. While …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a” of Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited. Best has also affirmed Lancashire’s financial strength rating …
GMAC Insurance, a national specialty personal lines company and automobile insurer, is changing its name to National General Insurance, effective July 1. Michael Karfunkel, chairman and CEO of National General Insurance, said the name change is the culmination of three-plus …
As agents, effective communication is critical to our success. Studies show only 30% of the information we receive in the context of a conversation is verbal, almost 67% is non-verbal. Humans are a very visual species. Be aware of the …
Poms & Associates Insurance Brokers Inc. named Monica Minkel senior vice president and the leader of the executive protection practice in the Denver, Colo. office. Minkel will oversee the placement of executive protection products on a national scale and provide …
Thunderstorms with large hail knocked down trees, flooded roads and left thousands in the dark in New Castle County in Delaware. As many as 11,000 customers lost power Monday night after the storms blew through the region. By Tuesday morning …
Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have backed imposing extra capital requirements on …
A report this month from consulting firm McKinsey & Company says market forces and technology are changing the role of the agent in the property/casualty insurance distribution. The report, titled “Agents of the Future: The Evolution of Property and Casualty …
The parents of a man who died when his car burst into flames during a Border Patrol chase in San Diego County is suing the government for wrongful death. Twenty-five-year-old Alex Martin of Texas died in March of 2012. Authorities …
The survivors of a woman killed during the production of a reality TV show pilot have filed a wrongful death and negligence lawsuit against Discovery Communications Inc. and Anthropic Productions Corp. Terry Flanell’s husband and daughter filed the lawsuit last …
