News
Florida Insurers in ‘Rock Solid’ Shape as Hurricane Season Opens
The 2015 Atlantic hurricane season opens on Monday, and a combination of a forecast for fewer-than-average storms and the highest level ever of financial resources on hand in Florida to pay claims ...
Has Active Atlantic Hurricane Phase Ended? Experts Weigh In
Two of three groups of expert hurricane researchers have already predicted a below-average hurricane season for 2015, and the third has also signaled that an updated forecast due to be released on ...
Multi-Decadal Climate Change Ahead; Faster Sea-Level Rise Predicted for NE U.S.
A new study, by scientists from the University of Southampton and National Oceanography Centre (NOC), implies that the global climate is on the verge of broad-scale change that could last for a ...
Florida Coast Developers Can’t Resist Building
Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state's coastal communities have added an additional 1.5 million ...
Uber Expands Customer Monitoring, Data Collection
Uber Technologies Inc.'s new privacy policy released last week is shorter, easier to read and more expansive than before. The car booking company now more clearly tells its customers it can pretty ...
China’s Buffett at Fosun Looks to Fund Acquisition Spree with Share Sales
A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt ...
Texas Insurers Disappointed in Hail Claims Bill Failure
With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in ...Markel Names Clancy Chief Operating Officer for Claims
Markel Corp. has named Mike Clancy as Chief Operating Officer, Markel Claims. In Clancy's new position, he will be based in Richmond, Virginia and report to Nick Conca, Chief Claims Officer. Clancy ...