Markets
NCCI CEO Stephen Klingel Will Retire in 2016
The National Council on Compensation Insurance (NCCI) announced recently that President and Chief Executive Officer Stephen J. Klingel plans to retire in February 2016. Kilngel came to the ...
Swiss Re Eyes South Africa For Commercial Insurance Expansion
A division of Swiss Re has expanded into South Africa with a focus on commercial insurance coverage and services for mid-and large-sized corporate clients. Swiss Re Corporate Solutions' advance into ...
New Report Fuels Battle Over U.S. Tax Changes for Offshore Reinsurers
Insurers opposing a provision to limit U.S. tax deductions for premiums paid to offshore reinsurance affiliates got support last week from a critical report estimating that such a measure would strip ...
Midwest Flooding More Frequent: University Study
The U.S. Midwest and surrounding states have endured increasingly more frequent flood episodes over the past half-century, according to a study from the University of Iowa. The UI researchers based ...
FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO
The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to ...
Chilton Named CEO of A.J. Gallager’s UK Division
Arthur J. Gallagher & Co. announced Friday that Grahame "Chily" Chilton has been named CEO of the company's UK-based international brokerage division, subject to regulatory approval. Chilton will ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...