U.S.
Longtime Canopius Exec Plans to Retire in June
A longtime Canopius Group Ltd. executive is retiring, even as the global specialty reinsurer now owned by a Japanese insurance giant gears up for a U.S. expansion. James Giordano, executive chairman ...
New York Regulators Launch Price Optimization Inquiry
The New York Department of Financial Services (DFS) is seeking information about price optimization from hundreds of property/casualty insurers operating in the state. New York joins a growing number ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
2015 Finds U.S. in a Tornado ‘Drought’
The U.S. appears to be locked in a tornado drought, as meteorologists have recorded only about two-dozen twisters so far this year during a period when 100 or more are typical. There also have been ...
First Federal Fracking Rules Face Challenge From Oil Industry
U.S. drillers already reeling from a six-month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. After three years of debate, ...
Fireman’s Fund Settles Crop Insurance Fraud Charges for $44M
Fireman's Fund Insurance Co. has agreed to pay $44 million to settle allegations under the False Claims Act that it knowingly issued insurance policies that were ineligible under the U.S. Department ...
ACE Unveils Enhanced Clinical Trial Coverage for U.K.-Based Life Sciences Companies
ACE Group is unveiling expanded clinical trials liability coverage for U.K.-based life sciences companies, a product designed to cover their studies conducted around world. The new enhanced clinical ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...
Marsh: Demand For Transactional Risk Insurance is Surging Globally
The use of transactional risk insurance surged around the world in 2014, thanks to record demand in both mature and emerging markets from clients seeking to protect their corporate deals, according ...