White Mountains Insurance Group, Ltd. announced today that Ark Insurance Holdings Limited, its specialty property/casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralized reinsurance capacity for its global property catastrophe portfolio. Outrigger Re …
Annual catastrophe bond issuance reached $7.0 billion – a decrease on the record-breaking prior year ($9.4 billion), yet still the third highest annual issuance in the sector’s history, according to Aon Securities, the investment banking division of Aon Benfield. Twenty-five …
Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the word soon after the product became …
Sacha Simmons used to dread taking a taxi to her high school or someplace else to hang out with her teenage friends when her parents weren’t around to give her a ride. Sometimes, the cab drivers wouldn’t show up or, …
Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …
Farmers will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California Department of Insurance today, California Insurance Commissioner Dave Jones and Farmers Group …
A committee of regulators led by California Insurance Commissioner Dave Jones is working on standards on ridesharing that departments of insurance in states across the U.S. can look to as an example. Whether the National Association of Insurance Commissioners Sharing …
Taxicab drivers and owners decried proposed Massachusetts regulations on popular transportation companies like Uber and Lyft, while rideshare drivers defended their jobs at a packed and heated public hearing Wednesday. Massachusetts Gov. Deval Patrick, who leaves office Jan. 8, wants …
Companies that allow drivers to use personal vehicles to transport riders in New Jersey would have to get a state permit and meet safety requirements under state legislation that’s been advanced by a New Jersey Assembly panel. The New Jersey …
Massachusetts Gov. Deval Patrick’s administration is proposing limited state oversight for Uber and other popular ridesharing companies. The Boston Globe reported Wednesday that Patrick, who leaves office after two terms next month, wants to give the state Department of Public …
