News
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
Insurance Tech Companies Majesco and Cover-All Plan to Merge
Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
UPC Insurance to Acquire Family Security Holdings
United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...
Rare Twister, Mudslides in California
Californians were cleaning up Saturday from a major storm that soaked the drought-stricken state before moving east to drop rain on Arizona. Perhaps the biggest job was in Camarillo, about 50 miles ...
Carrier Management Takes Home Folio Magazine Honors
Less than two years after launch, Wells Media's newest publication for the property/casualty insurance industry, Carrier Management, is making its mark in the publishing world, garnering three honors ...