Industry News
HCI Group Subsidiary Assumes 36,000 Policies From Citizens
Homeowners Choice Property & Casualty Insurance Co. Inc., a wholly owned subsidiary of HCI Group Inc., has assumed approximately 36,000 homeowners policies from Florida's Citizens Property ...
Report: XL Group/Catlin Merger a Done Deal
XL Group plc may have already closed an M&A deal with rival Catlin, according to international media reports. XL CEO Mike McGavick acknowledged on Dec. 17 that talks were underway, with a ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
BP U.S. Oil Spill Fine Could Reach $18 Billion
The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the ...
Staples Admits Data Breach May Have Hit 1.16M Payment Cards
Office-supply retailer Staples Inc said about 1.16 million payment cards might have been affected by the data breach announced in October. An investigation by external data security experts showed ...
South Korea Nuclear Power Data Leak Spurs Investigation
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear ...
Challenges for Foreign Investors: Marsh’s 2015 Political Risk Map
Falling oil prices, rising geopolitical tensions and separatist movements topped the list of challenges facing direct foreign investors, according to Marsh's 2015 Political Risk Map and report. The ...
ACE Keeping Most Fireman’s Fund Personal Lines Staff When Allianz Deal Closes
ACE Group said it will keep most of the employees with Fireman's Fund's personal lines business once its $365 million acquisition of the division from Allianz goes through. "We value Fireman's Fund ...
Standard & Poor’s, A.M. Best, Downplay Initial Impact of TRIA’s Demise
Many insurers and businesses argue the absence of federal terrorism reinsurance beginning in 2015 could lead to a market breakdown and canceled coverage. But in the wake of Congress's inability to ...