News
Midwest Flooding More Frequent: University Study
The U.S. Midwest and surrounding states have endured increasingly more frequent flood episodes over the past half-century, according to a study from the University of Iowa. The UI researchers based ...
FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO
The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to ...
Chilton Named CEO of A.J. Gallager’s UK Division
Arthur J. Gallagher & Co. announced Friday that Grahame "Chily" Chilton has been named CEO of the company's UK-based international brokerage division, subject to regulatory approval. Chilton will ...
California Commissioner Tells Insurers to Cease Price Optimization
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called "price optimization" in rate making ...
Millions of Tons of Plastic Trash Clogging Oceans: Scientists
The world's oceans are clogged with plastic debris, but how much of it finds its way into the seas annually? Enough to place the equivalent of five grocery bags full of plastic trash on every foot ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...
Reinsurance M&A Will Advance in Earnest: A.M. Best
It is early in 2015 and we've already seen a few major reinsurance M&A deals. Expect that trend to continue in earnest through the year as the market responds to some new realities, A.M. Best ...
Willis North America to Gain New Chair
Willis Group Holdings has named a new chair of Willis North America, a promotion from within. Christine LaSala will fill the slot. LaSala has been with the global risk adviser, insurance and ...