Markets
Bluegrass State Makes 50 for Lloyd’s Surplus Lines Eligibility
Lloyd's will have surplus lines eligibility in all 50 US states when legislation passed in Kentucky comes into effect in July, Lloyd's announced Wednesday. Lloyd's is also an admitted insurer in ...
Iranian Hackers Becoming Aggressive: Cyber Security Experts
Iranian hackers have become increasingly aggressive and sophisticated, moving from disrupting and defacing U.S. websites to engaging in cyber espionage, security experts say. According to Silicon ...
Dogs Biting U.S. Insurers; Record Claims in 2013
Dog-bite claims for U.S. insurers climbed 5.5 percent last year to 17,359, breaking the record from 2003. New York had the costliest attacks among states with the most incidents. The assaults cost ...
RAND Study Backing TRIA Among Latest Additions to Continuing Renewal Debate
More than seven months before the Terrorism Risk Insurance Act is set to expire yet again, the lobbying push to renew it or let the post-9/11 law lapse is accelerating, with no consensus yet in ...
Sears’ Woes Spur Trade Credit Insurance Cutbacks for Suppliers
Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining ...
Brit PLC Grabs QBE’s Aviation Business After Solid Quarter
Brit PLC, a global specialty insurer and reinsurer focused on property, casualty and energy, will snatch up QBE Underwriting Ltd.'s renewal rights to its London-based Lloyd's Aviation Business. ...
What Causes Wildfires? People, Brush and More
Spring's not even over and already wildfires have raged in California, New Mexico and Oregon this year. A bulletin issued by the National Interagency Fire Center forecasts above normal fire potential ...
Tower Group Fields Unsolicited Offer From Eastern European Insurer
An Eastern European insurer based in countries including Romania, Bulgaria and Macedonia submitted a surprise bid to snatch up Tower Group International, an unexpected wrinkle in Tower's increasingly ...