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19
10, 2015
Reinsurers See Further Price Declines for 2016 in Wake of Mergers
The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …
19
10, 2015
Obama Administration Considers Drone Registry
The Obama administration is taking the first steps to require that buyers of drones register the unmanned aircraft with the government to combat a growing safety threat, according to a person familiar with the proposal. The U.S. Transportation Department will …
19
10, 2015
Norway’s Failure to Provide Solvency Guidance Unnerves Investors: Storebrand
Norway is unnerving investors by failing to give clear signals on the implementation of the next step in insurance industry regulations, according to Storebrand ASA, Norway’s largest listed life insurer said. Authorities have surprised the market several times, making investors …
19
10, 2015
Japan Post’s Bank & Insurer IPO’s Priced at ‘Top of ‘Range’ at $65 Biilion
State-owned Japan Post on Monday set prices for separate initial public offerings of its bank and insurance arms at the top of their ranges, indicating strong demand from retail investors for businesses valued at a combined $65 billion. In what …
18
10, 2015
USDA Offers Drought Disaster Aid to 41 Mississippi Counties
The USDA is offering drought disaster aid in 41 Mississippi counties. U.S. Sen. Thad Cochran says Agriculture Secretary Tom Vilsack has designated 14 Mississippi counties as primary natural disaster areas because of drought conditions. Another 27 counties are named as …
19
10, 2015
Slow Moving Typhoon Koppu Kills 4 in Philippines, Displaces Thousands
Typhoon Koppu left at least four people dead in the Philippines, shutting schools and government offices, while floods and landslides continue to threaten the nation’s main Luzon Island. The slow-moving and powerful storm caused a wall to collapse in Zambales …
18
10, 2015
South Carolina Storm Victims Seek Help With Recovery Costs
Two weeks ago, South Carolina’s floods sent 6 feet of water into Walt Oliver’s home. Now, after volunteers helped gut the ruined plaster, carpeting, duct work and hardwood floors, it’s “down to studs and subfloors,” he said. Like most residents …
19
10, 2015
Wills GB Names Clayton to Head Construction Operations
Willis Group Holdings announced the appointment of Alex Clayton as Head of Construction for Willis GB, the operating segment that includes Willis’s specialty, facultative and retail insurance businesses in Great Britain. He is based in London and will be working …
16
10, 2015
OneBeacon Launches Liability Coverage for Film, Radio, Theater Industry
OneBeacon Insurance Group, has introduced a new professional liability product – Producer Plus Liability. The product provides liability insurance was designed for producers of entertainment and industrial films, radio, and live theater. Producer Plus Liability will be written on an …
18
10, 2015
TV Host Erin Andrews Files $75M Suit in Nashville in Peeping Case
Sportscaster and TV host Erin Andrews is seeking a $75 million judgment against the Marriott hotel chain and a man who admitted making secret nude tapes of her in 2008. The lawsuit filed in Nashville in 2010 was amended this …