Markets
Executives On The Move at AIG, OneBeacon, JLT and Wells Fargo Insurance
AIG hired on a new chief communications officer. JLT Specialty USA's new Los Angeles-based executive will build a team focused on handling complex film and television production-risks. Wells Fargo ...
Move-in Ready Home Modules Offer Faster Method of Post-Disaster Rebuilding: Texas A&M
Texas legislators are investigating the benefits of RAPIDO, a pilot program developed with recommendations from Texas A&M University's Hazard Reduction and Recovery Center (HRRC) that ...
AAIS Creates New Forms and Rules Filings for Drone Coverage
The American Association of Insurance Services (AAIS) has announced the creation of new forms and rules for unmanned aircraft liability coverage in its agricultural general liability (AgGL) program. ...
Uber Embraces Self-Driving Trucks With Otto Acquisition
Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop ...
Louisiana’s Affected Storm Areas Have Low Flood Insurance Penetration: RMS
It's bad enough that the heavy rainfall and massive flooding that began in Louisiana on Aug. 12 has damaged more than 50,000 homes. There's also this: A relatively small amount of businesses and ...
PCS Unveils Historical Catastrophe Database for Turkey
Property Claim Services has gone live with a new historical catastrophe database for Turkey, an advance that the data analytics provider said will be helpful for both insurers and reinsurers. "The ...
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...
TransRe Scores A+ FSR from A.M. Best; Deal to Underwrite Gen Re Broker Biz Flagged
On Friday, A.M. Best announced that it upped the financial strength rating of Transatlantic Reinsurance Company and its subsidiaries (collectively referred to as TransRe) to "A+" (superior) from the ...