Industry News
Billions in Federal Storm Mitigation Money Not Being Spent
The Trump administration is sitting on billions of dollars intended to help vulnerable cities and states prepare for extreme weather, prompting growing criticism from state officials worried about ...
Flood Insurance Reform Among Many Bipartisan Issues on House Finance Chair Waters’ Agenda
As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it's not clear whom she'll end up disappointing more: business-friendly Democrats or progressive Democrats. ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Still More Brexit Drama: UK PM May Warns of ‘Uncharted Territory’ With Rejected Deal
Prime Minister Theresa May said on Sunday that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over ...
Ex-Berkley Exec Vetch Joins Hamilton Underwriting Ltd. as CFO
A former W.R. Berkley Corp. executive is now chief financial officer of Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd's operations of Hamilton Insurance Group. ...
Insurance Hall of Fame Inducts AXIS Capital’s Chairman
AXIS Capital Holdings Ltd. said its chairman has been inducted into the International Insurance Society Insurance Hall of Fame. Michael Butt has also been named the 2019 Insurance Hall of Fame ...
Nationwide Acquires Program Manager E-Risk Services, With an Eye on E&S Expansion
Nationwide said it has acquired E-Risk Services LLC, a privately held program manager specializing in management lines products. Neither side is disclosing financial specifics of the deal, which ...
Berkshire Hathaway Shares Keep Falling Despite Buybacks
Warren Buffett's revamped stock-repurchase policy can't seem to keep Berkshire Hathaway Inc. from falling. Berkshire's stock fell the most in 11 months on Thursday as some of its biggest equity ...
Berkley Hires Former Chubb Exec in Series of Executive Changes
W.R. Berkley Corp. hired on a former Chubb executive as part of a series of executive changes and promotions, both in the main company and in a key business unit. The insurer said it appointed Philip ...