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19 06, 2019

Caribbean Insurers’ Net Income Rebounds After 2016-2017 Hurricane Seasons: AM Best

By | June 19th, 2019|Uncategorized|Comments Off on Caribbean Insurers’ Net Income Rebounds After 2016-2017 Hurricane Seasons: AM Best

An analysis of AM Best-rated property/casualty insurers based in the Caribbean found that overall net income rebounded significantly following the 2016-2017 hurricanes to $32.2 million in 2018 compared with a $4.3 million loss in the previous year. After losses in …

19 06, 2019

Officials: Better Driver Standards Might Have Helped Prevent Deaths in Iowa Bus Fire

By | June 19th, 2019|Uncategorized|Comments Off on Officials: Better Driver Standards Might Have Helped Prevent Deaths in Iowa Bus Fire

Federal safety investigators say enforcing better school bus driver standards and installing a fire suppression system may have prevented the deaths in a 2017 school bus fire in western Iowa. National Transportation Safety Board Chairman Robert Sumwalt said that the …

19 06, 2019

Vietnam Culls More Than 2.5M Pigs to Contain Deadly African Swine Fever: Officials

By | June 19th, 2019|Uncategorized|Comments Off on Vietnam Culls More Than 2.5M Pigs to Contain Deadly African Swine Fever: Officials

Vietnam has culled more than 2.5 million pigs to contain the spread of an African swine fever outbreak that is in danger of infecting every province of the country, an agriculture ministry official said on Tuesday. The virus, which is …

19 06, 2019

Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’

By | June 19th, 2019|Uncategorized|Comments Off on Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network security incidents. …

19 06, 2019

Federal Officials Looking at Flood Issues in Review of Texas Derailment

By | June 19th, 2019|Uncategorized|Comments Off on Federal Officials Looking at Flood Issues in Review of Texas Derailment

Investigators will consider storm-related flooding to help determine what caused an April 24 freight train derailment in North Texas that sent 25 tanker cars off the tracks. The National Transportation Safety Board on Monday issued a preliminary report on the …

19 06, 2019

Higginbotham in Texas Buys Commercial Insurance Unit of Extraco Banks

By | June 19th, 2019|Uncategorized|Comments Off on Higginbotham in Texas Buys Commercial Insurance Unit of Extraco Banks

Extraco Banks has sold its commercial insurance operation to Fort Worth, Texas-based independent insurance broker, Higginbotham. Extraco Insurance is a group of five property/casualty insurance professionals operating in Waco, Temple and Hamilton, Texas, for 19 years. The group will continue …

18 06, 2019

State of the Cyber Insurance Market— Top Trends, Insurers and Challenges: A.M. Best

By | June 18th, 2019|Uncategorized|Comments Off on State of the Cyber Insurance Market— Top Trends, Insurers and Challenges: A.M. Best

The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about 10 percent in 2018 from $1.8 billion …

18 06, 2019

New Orleans Plans to Elevate Homes That Repeatedly Flood

By | June 18th, 2019|Uncategorized|Comments Off on New Orleans Plans to Elevate Homes That Repeatedly Flood

The city of New Orleans is using a $12.5 million grant to elevate more than 50 houses that have experienced repeated flooding. The city says in a news release that the money comes from the Federal Emergency Management Agency’s Flood …

18 06, 2019

Chubb to Partner with National Association of Women Business Owners

By | June 18th, 2019|Uncategorized|Comments Off on Chubb to Partner with National Association of Women Business Owners

The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved for global corporations, including Chubb’s Cyber Enterprise Risk Management policy. According …

18 06, 2019

Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group

By | June 18th, 2019|Uncategorized|Comments Off on Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group

Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuries and WorkCover …