Personal Lines
Erie Insurance Names NeCastro to Succeed Cavanaugh as Next CEO
Erie Indemnity Co., the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance's president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the ...
Colorado State Team Predicts Near-Normal Hurricane Season
The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins June 1, while the U.S. coastline has a below-average chance of being struck by a major ...
Munich Re Restructuring Primary Insurance Unit; Cutting Jobs in Digital Push
Munich Re, the world's second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. The plan for ...
Will Hurricanes Drive Property Insurance Rate Hikes? Experts Forecasting Changes
With two of three groups of expert hurricane researchers split on whether the 2016 Atlantic hurricane season will be above average or normal, a tie-breaking vote could come on Tuesday. But even a ...
What NOAA is Forecasting for Atlantic Hurricanes; Late Season La Niña Likely
Forecasters at NOAA's Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through Nov. 30, will most likely be near-normal, but they also say this season is ...
New CFO Starting at Florida’s Heritage
Heritage Insurance Holdings, Inc. announced Thursday that Steven Martindale will be the company's new chief financial officer starting on June 1, 2016, when Stephen Rohde will retire from the role. ...
Disaster Fraud Rampant After Floods, Hurricanes
This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods forecasted for the southern part of the U.S. this spring, the likelihood of disaster ...
Hurricane Making Landfall Would be a First for Many Florida Insurers
Should a hurricane make landfall in Florida this storm season, many of the homeowner insurance players now doing business there are untested as to how they'll perform when catastrophe hits. Fitch ...