Advocates for consumers, insurers, hospitals and doctors clashed on Oct. 1 at a Pennsylvania hearing on surprise bills for expensive out-of-network health care services sent to patients who thought their treatments were covered by their insurance networks. Pennsylvania Insurance Commissioner …
Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as 18.75 percent for …
Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the state regulator announced on Monday. Under …
A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Republic Underwriters Insurance Company (Dallas, TX) and its subsidiaries, collectively known as the Republic …
When Volkswagen opened its gleaming pollution testing center near the California coast, a top executive from the German automaker helped snip the blue ribbon and joined a tour of a lab so advanced that VW would brag the air inside …
Berkley Re UK Limited*, the London-based subsidiary of W. R. Berkley Co., announced it launched a global facultative property unit to provide targeted and tailor-made coverage to global clients, which will “enable them to better manage their risks, whether in growth areas or …
Ironshore Specialty Casualty’s Construction unit has introduced endorsements for construction projects tailored to meet the liability needs of sophisticated market participants. Ironshore’s new endorsements are available for wrap (OCIP and CCIP), project specific and owner’s interest developments, providing coverage options …
Missouri Rep. Don Gosen and Indiana Rep. Matt Lehman were named Legislators of the Year for the 2015 legislative session by the National Association of Mutual Insurance Companies. o. Gosen is chairman of the Missouri House Select Committee on Insurance, …
The Oklahoma Department of Transportation is planning to spend $100 million improving 300 railroad crossings over the next three years throughout the state, The Oklahoma Transportation Commission is expected to consider awarding up to 10 of those railroad crossing projects …
Markel International, the specialist insurer, has appointed Antony Hope as senior underwriter and head of the management liability account in its professional and financial risks division (PFR). Reporting to divisional managing director, James Hastings, Hope will manage and underwrite the …