A.M. Best’s recently released 2015 “Mutuals at a Glance” report is an interesting report on differences between mutual and stock companies in key areas of performance. In its pages is a depiction of a mutual insurance industry that is strong, …
Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same “duty of responsibility” as those in banks under legislation introduced in Parliament Thursday. The Bank of England and Financial Services Bill, which will be introduced to …
Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s second-largest economy may be difficult to achieve. The …
Bermuda-headquartered Hiscox Re’s insurance linked securities (ILS) operation, Kiskadee Investment Managers, announced that Andrew Hughes will assume the role of ILS chief compliance officer and general counsel, while Dr. Matthew Swann has been appointed portfolio manager. In addition, Michael Jedraszak, …
XL Catlin’s Professional Lines Insurance Operations in Bermuda announced the launch of a new Directors & Officers lead excess ‘Side A’ Difference In Conditions (DIC) policy, “to address various issues facing brokers and clients in the current M&A environment.” Matthew …
Bermuda-based Ironshore Inc. has been named Official Insurer for Oracle Team USA for the 35th America’s Cup. The announcement said the company will “provide comprehensive insurance coverage for the team, from the Louis Vuitton America’s Cup World Series Bermuda regatta, …
Patriot Coal and West Virginia environmental regulators have reached an agreement in which the company will set aside more than $50 million to cover cleanup costs at its former mine sites in the state. The Department of Environmental Protection says …
“I’m so drunk,” a Florida driver repeatedly tells followers on the social media app Periscope, staring at her cellphone’s camera, mounted on the dashboard, before she is arrested and charged with driving under the influence. The Lakeland Police Department released …
North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of David Maylon Pickett, Grifton, N.C.; he is charged with 13 counts of embezzlement by an insurance agent in Craven, Harnett, Lenoir, Pitt and Wayne Counties. NCDOI criminal investigators allege Pickett …
A Loudon County, Tennessee, woman is suing the city of Knoxville over its decision to ban guns at Chilhowee Park during last month’s Tennessee Valley Fair. The Knoxville News Sentinel reports Pandora Vreeland claims she could not safely attend the …