Markets
Josh Carlson Named Wells Media Group’s New CEO
Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation ...
Brexit Crisis Worsens: May Resigns and Johnson Pursues Party Leadership
Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break ...
Expect Up to 8 Hurricanes During the 2019 Atlantic Hurricane Season
As many as 8 hurricanes may form in the Atlantic in 2019, a "near normal" season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to ...
Brazil Is Suing Top Tobacco Firms to Recover Public Health Treatment Costs
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of ...
CFC Designs New Broker Platform for Its Cyber Insurance Products
Specialist Insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based ...
Positive Progress for the Inland Marine Insurance Segment: A.M. Best
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to ...
TPAs Win ‘Bad Faith’ Ban in Iowa; Issue Remains Unsettled Elsewhere
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains ...
Federal Terrorism Reinsurance Program Is Keeping Market Stable: Marsh
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program ...