U.S.
FEMA Expands Private Sector Flood Reinsurance Program for 2018
The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay ...
For the First Time in Years, A.M. Best Boosts Its Commercial Lines Insurance Outlook
Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers' pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. ...
Churches Now Eligible for FEMA Aid
The Federal Emergency Management Agency (FEMA) announced that private nonprofit houses of worship are now eligible for disaster assistance as community centers, without regard to their secular or ...
Executives On The Move at XL Group, Everest Re and QBE North America
XL Group has a new chief enterprise risk officer. Everest Re Group appointed a seasoned executive to head its Everest Insurance Arm. QBE North America named a new chief operating officer. *** XL ...
Patches Pitched to Address Cyber Hacking Risks Created by Intel Chip Flaws
Security issues with Intel Corp microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of ...
California Blames Wildfires for Making Homeowners Insurance Increasingly Unaffordable
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday. "The problem of insurance availability is going to ...
Jeff Greenberg Helps Back the Launch of Bermuda Reinsurer Armour Group Ltd.
Armour, a Bermuda-based P/C runoff insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership ...
Allstate CEO Wilson Adds President to Title as Winter Retires; Three Execs Promoted
The Allstate Corp.'s succession planning is in full swing as it prepares for the retirement of its president, Matt Winter, in February 2018. Allstate Chairman and CEO Thomas Wilson plans to take over ...