Markets
Purviance Succeeding DeCarlo as AmWINS CEO; DeCarlo Becoming Executive Chair
Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company's chief executive officer, effective May 1, 2018. DeCarlo, who has ...
Judge Rejects Wells Fargo Bid to End Predatory Lending Lawsuit
A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co'.s bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and ...
SCOTUS Agrees to Hear Case Over Constitutionality of ALJ Appointments
The U.S. Supreme Court will decide whether the Securities and Exchange Commission's in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend ...
Cyber Most Feared Business Interruption Trigger: Allianz Risk Report
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). ...
The Future of Small Business Insurance Distribution: What Can We Expect?
In the United States today, there are almost 28 million small businesses, all requiring a wide array of insurance coverage to confidently conduct daily business. Insuring these businesses has always ...
E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz from State Auto
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
Calif. Mudslides Devastate Billionaire Enclave; Insurance Damage Could Be Massive
The mudslides on the California coastal town of Montecito have devastated a wealthy enclave where billionaires including Charlie Munger, Eric Schmidt and Oprah Winfrey own properties, with hundreds ...