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23
10, 2015
Patria Re Set to Become First Mexican Insurer to Join Lloyd’s Platform
Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership with Lloyd’s managing agent, Pembroke, designed to …
23
10, 2015
Auto Insurance Market to Shrink 60% by 2040: KPMG
By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …
23
10, 2015
Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge
Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares to sell shares to individuals. …
23
10, 2015
Best Affirms Munich Re and Subs Ratings; Outlook Stable
A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the “issue ratings” of Munich Re, as well as the ICR …
22
10, 2015
St. Louis Police Increase Patrols in Wake of Church Fires
St. Louis, Mo., police are stepping up patrols and trying to develop profiles of possible suspects in a spate of fires that have damaged six churches in largely black neighborhoods during the past two weeks, the city’s police chief said. …
22
10, 2015
Colorado Woman Trapped for Days After Crash Sues G.M.
A woman who was trapped in her car for nearly a week after crashing off a Colorado highway is suing General Motors over alleged defects in her 2009 Chevy Malibu. The Denver Post reported the lawsuit filed Tuesday by Kristin …
22
10, 2015
ICT: Less than 25% of Texas Homeowners Carry Flood Insurance
Most Texas homeowners are unprotected when it comes to flood damage, a state insurance trade group says. Less than 25 percent of Texas homeowners carry flood insurance despite the risks of massive downpours that could occur in certain flood prone …
22
10, 2015
Nevada Will Add 7 Employees to Oversee Rideshare Companies
The Nevada agency that regulates taxis is preparing to ramp up its staffing now that Uber and Lyft are on the road. Lawmakers are set to review a Nevada Transportation Authority request on Wednesday to add seven new full-time staff …
22
10, 2015
Washington Wildfire Disaster Declaration Approved by President
President Barack Obama has declared a major disaster exists in the state of Washington following this summer’s wildfires and mudslides. The disaster declaration makes federal money available to state and local governments as well as Native American tribes to repair …
22
10, 2015
Lawsuit Charges California School Failed to Report Abuse Allegation
A new lawsuit says a California high school failed to take appropriate steps when a parent reported suspected sexual abuse by a wrestling coach who is now serving time on similar charges. The San Mateo County Times reported that the …