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15 01, 2019

Greenlight Re Invests Further in Chicago’s AccuRisk Solutions

By | January 15th, 2019|Uncategorized|Comments Off on Greenlight Re Invests Further in Chicago’s AccuRisk Solutions

Greenlight Capital Re Ltd. (Greenlight), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, announced it is again investing in the Chicago-based managing general underwriter (MGU) AccuRisk Solutions LLC (AccuRisk). Greenlight Re made an initial investment in …

14 01, 2019

Des Moines Buying 78 Flood-Damaged Homes

By | January 14th, 2019|Uncategorized|Comments Off on Des Moines Buying 78 Flood-Damaged Homes

Des Moines, Iowa, has spent about $10.5 million to buy 78 homes damaged by June’s flash flooding, and officials hope the move will prevent future flooding issues. Most of the residences are situated along Fourmile Creek in northeast Des Moines, …

15 01, 2019

Three Boats Go Up in Flames at Boston Marina

By | January 15th, 2019|Uncategorized|Comments Off on Three Boats Go Up in Flames at Boston Marina

A fire at a Boston marina likely strengthened by diesel fuel heavily damaged three boats, sinking two of them. Fire department officials say a woman was on one of the boats, but escaped unharmed. There were no reports of injuries. …

15 01, 2019

Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States

By | January 15th, 2019|Uncategorized|Comments Off on Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States

Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance. With …

15 01, 2019

Rhode Island Restaurant Shut Down After Shooting

By | January 15th, 2019|Uncategorized|Comments Off on Rhode Island Restaurant Shut Down After Shooting

Providence, R.I., officials have temporarily shut down a restaurant where a patron opened fire. The city Board of Licenses says they held an emergency meeting Sunday and approved a request from city police to shut down La Sonrisa Cafeteria for …

15 01, 2019

Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B

By | January 15th, 2019|Uncategorized|Comments Off on Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B

Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural disaster claims will mainly affect its Reinsurance …

15 01, 2019

Magnitude 3.6 Earthquake Shakes Part of Northern Oklahoma

By | January 15th, 2019|Uncategorized|Comments Off on Magnitude 3.6 Earthquake Shakes Part of Northern Oklahoma

The U.S. Geological Survey says an earthquake shook parts of northern Oklahoma early in the morning on Jan. 14. Geologists say the 3.6 magnitude earthquake was recorded at 2:20 a.m. Monday near Waukomis, about 80 miles northwest of Oklahoma City. …

15 01, 2019

Insurance Regulators’ Group NAIC Names 2019 Key Committee Leaders

By | January 15th, 2019|Uncategorized|Comments Off on Insurance Regulators’ Group NAIC Names 2019 Key Committee Leaders

The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing committees. “The 2019 NAIC committee leadership reflects deep expertise and a strong …

15 01, 2019

TDI Shares Consumer Concerns About Contractors, Roofers with Lawmakers

By | January 15th, 2019|Uncategorized|Comments Off on TDI Shares Consumer Concerns About Contractors, Roofers with Lawmakers

While not making any specific recommendations to lawmakers regarding the licensing of building and roofing contractors, the Texas Department of Insurance noted in its 2018 Biennial Report to the Legislature that the department has “heard concerns about roofing and contractor …

15 01, 2019

Lawsuit Filed Over Crash that Killed 5 Kids Heading to Disney World

By | January 15th, 2019|Uncategorized|Comments Off on Lawsuit Filed Over Crash that Killed 5 Kids Heading to Disney World

The mother of one of the five children who died in a fiery wreck while on their way to Walt Disney World has filed a lawsuit. The Palm Beach Post reports that attorney Joseph Fried filed the lawsuit Thursday in …