Industry News
Receivership Proposed for Texas’ Insurer of Last Resort
In a meeting on Monday, Mar. 25, the board of directors of Texas' insurer of last resort in coastal areas was expected to discuss the organization's dire financial condition and the possibility of ...
Cat Modeling Exec Keogh Joins TigerRisk
TigerRisk Partners, a reinsurance broking and risk/capital management firm, announced that William (Bill) Keogh, will become a member of the company's Decision Support Team. Keogh comes to TigerRisk ...PartnerRe Ltd. Launches Lorenz Re Sidecar
PartnerRe Ltd. has formed Lorenz Re Ltd., a special purpose insurer domiciled in Bermuda. PartnerRe said the vehicle provide additional capacity to PartnerRe on a diversified portfolio of catastrophe ...
Should Firms Tie Bonuses to Competitors’ Performance?
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...UK Weighs Immigration Insurance for ‘High Risk’ Visitors
Those wanting to see Big Ben better make sure they've got some cash on hand if they're visiting from a "high risk" country. British deputy leader Nick Clegg said his government is studying the idea ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...State Auto Introduces Data Compromise Plus
The State Auto Insurance Cos. have created a new data breach policy called Data Compromise Plus to address this growing coverage need faced by small businesses. Data Compromise Plus automatically ...