News
California Regulators Want Insurers to Speed Up Ridesharing Policies
The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer ridesharing drivers. A proposal issued by CPUC on Tuesday further ...
Berkshire Specialty Unit Jumps Into Surety With Zurich’s Delisio
Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior ...
Texas Moves Forward in Becoming an NCCI State
In late March 2014, Texas Insurance Commissioner Julia Rathgeber approved a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, as well ...
Geophysicist: Was Colorado Quake From Wastewater Injections?
A geophysicist from the University of Colorado is hoping to settle the question of whether a small earthquake May 31 near Greeley was caused by wastewater injection wells. The Greeley Tribune ...Financial Firms Fear Hensarling May Fill Gap Left by Cantor’s Exit
Wall Street could count on Eric Cantor to take its side in the U.S. Congress. It won't have the same luck with a top lawmaker in line to replace him. House Financial Services Committee Chairman Jeb ...
FAA Gives First Okay of Commercial Drone Flights Over Land For BP
The Federal Aviation Administration said Tuesday it has granted the first permission for commercial drone flights over land, the latest effort by the agency to show it is loosening restrictions on ...
Heritage Announces Deal for 35,000 Policies of Insolvent Fla. Insurer
Clearwater, Fla.-based Heritage Insurance Holdings, Inc. announced Wednesday that it reached an agreement to offer coverage for the 35,000 policies of Sunshine State Property & Casualty Insurance ...
Swiss Re’s Admin Re Buying Policies, Assets from HSBC Life
Swiss Re announced on Wednesday that its Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Under the terms of the agreement, ...