Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …
The weather outlook for the eastern U.S. is starting to resemble the plot of a 1970s disaster movie in which everything that could go wrong did. From the mid-Atlantic to the Northeast, the coastal states have been soaked by rain. …
U.S. energy companies said on Wednesday they were preparing for the possibility that Hurricane Joaquin could hit the New York City area early next week, potentially following the destructive course of Hurricane Sandy in 2012. Joaquin strengthened into a hurricane …
Newport Beach, Calif.-based Alliant Insurance Services has named Ilene Anders chief financial officer. Anders, formerly the firm’s chief information officer, will lead Alliant’s finance team. Anders will retain her position as CIO on an interim basis until a permanent successor …
California Insurance Commissioner Dave Jones says more people may be dropped from fire coverage and that residents of high risk areas may have to shop for more expensive insurance as wildfires become more destructive because of the drought. Jones said the …
A Utah family who says they were beaten by a crowd of drunken revelers at Snowbird’s Oktoberfest is suing the ski resort. The lawsuit filed Monday says that Snowbird doesn’t do enough to control the alcohol at the festival, and …
The National Council on Compensation Insurance (NCCI) on Sept. 24 delivered a workers’ compensation loss cost filing to the Connecticut Insurance Department. NCCI said that based upon its review of the most recently available data, it has proposed an overall …
Medical marijuana dispensaries in Northern California are offering up to $200 in free cannabis per patient affected by a hugely destructive wildfire. The Los Angeles Times reported the two companies are offering free products at five dispensaries in San Francisco, …
Liberty Mutual Insurance has kicked off construction of its new campus in Plano, Texas. The 1-million-square-foot office is expected to be complete in 2017. Liberty Mutual’s $325 million-plus expansion project is expected to bring more than 4,000 employees to Plano …
Stevens Point, Wis.-based Sentry Insurance has named Dewey Gantz vice president, chief financial officer and treasurer. Gantz joined Sentry in 2013 as assistant vice president, and chief accounting executive. He has 20 years of insurance industry experience, including time served …