Industry News
In Venezuela, Oil Price Plunge Makes Debt Insurance Costs Soar
The cost for insuring Venezuelan sovereign debt against default or restructuring surged on Wednesday as global oil prices swooned to a 27-month low before rebounding, illustrating rising investor ...
United Insurance Holdings Corp. Takes on Citizens’ Florida P/C Policies
United Insurance Holdings Corp. said it has initiated the takeout of more than 37,000 personal and commercial residential policies from Citizens Property Insurance Corp. in Florida. The transition ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
2014 U.S. Cat Events Land Far From Record Levels: Verisk
U.S. insured losses during the first nine months of 2014 fell "well short" of the 10-year average. But major events still caused some pain, and catastrophe losses in the country climbed by ...Beazley Becomes Latest to Raid AIG Talent Roster
Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients ...
Bermuda Stares Down Hurricane Gonzalo; Hawaii Troubled by Ana
Hurricane Gonzalo grew into a major storm that threatens Bermuda later this week, while half a world away Tropical Storm Ana may become the second system this year to sweep Hawaii's Big Island. ...
Allstate Beefs Up Investment Management Roster
Allstate Corp. is bringing on some new executives focused on the investment side of its operations. The largest publicly traded personal lines insurer in the United States said it hired Russell ...
Chubb, Marsh Vets Take Leadership Roles at Cunningham Lindsey
Two executives with experience at Chubb, Marsh, Aspen Insurance Holdings and more have signed onto leadership roles at Cunningham Lindsey, a company that provides loss adjusting and claims management ...
Big Earthquake Likely for San Francisco, But Coverage Lacking
The San Francisco region will probably be struck by an earthquake with a magnitude of at least 6.7 in coming decades, and most of the billions of dollars of damages wouldn't be covered by insurance. ...