When the state of Mississippi begins offering subsidized health insurance under President Barack Obama’s reform law this year, residents will have only one choice – Magnolia Health Plan – a small insurer little known in most of the country. The …
The ACE Group announced the appointment of Arturo Martínez as Vice President of Surety in Latin America and Director General of ACE Fianzas Monterrey, the second-largest surety writer in Mexico and the third-largest in Latin America. ACE acquired the company …
Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before reinsurance, is “probably” above 500 million …
New York City’s buildings would be required to provide drinking water in common areas and have exterior plugs for temporary generators under proposals to make homes and businesses more resistant to major storms. Those were among 33 recommendations made by …
The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 people, making 2012 the second-most costly and active year on record, according to the National Climatic …
The Property Casualty Insurers Association of America (PCI) issued a statement following the conclusion of Wednesday’s hearings by the House Financial Services Subcommittee on Housing and Insurance hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. …
Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the financial crisis began, a leading trade monitoring group said in a report seen by Reuters on Wednesday. The findings, to be …
The Hartford has enhanced its private company management liability offerings with Private Choice Ovation, a package policy with updated and expanded coverage options designed to address emerging exposures facing business owners and management teams today. “As small and midsize business …
Santa Monica, Calif.-based White & Company Insurance Inc. has promoted Dane Lupe to assistant vice president. White & Company Insurance also hired Joshua Valdivia as a producer. Lupe joined the firm in 2011, after having over three years of insurance …
A wildfire in Colorado has destroyed at least 360 homes, topping last year’s record-setting Waldo Canyon Fire in a nearby wooded area that destroyed 346 homes. The tally of lost homes was a dramatic increase from a report late Wednesday …
