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10, 2015
Major Hurricane Joaquin Could Hit East Coast
Joaquin became a major hurricane as it tears toward the Bahamas and government forecasters said they can’t rule out a strike on the U.S. East Coast as early as Sunday. The 10th storm of the Atlantic season had top wind …
1
10, 2015
UK Insurers Call for Collective Action to Address Climate Change
Lloyd’s of London and other UK insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In an open letter to Bank …
1
10, 2015
Q&A: Florida Representative Backs Call for NFIP Transparency
Florida State Representative Bill Hager says the state is turning up the heat on the National Flood Insurance Program as Florida residents become increasingly concerned with the high rates they are paying for flood insurance coverage. Lawmakers like Hager, State …
1
10, 2015
Duke Energy Reaches $7M Settlement in North Carolina Coal Ash Case
Duke Energy agreed Tuesday to pay North Carolina regulators $7 million to settle allegations of groundwater pollution at its coal ash pits and to perform accelerated cleanups costing millions of dollars at four sites. The agreement came as lawyers for …
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10, 2015
UPDATE: Joaquin Now a Major Hurricane; Nearing Bahamas
Joaquin is now classified as a “major hurricane,” according to the most recent bulletin from the National Hurricane Center. The storm’s “maximum sustained winds are near 120 mph (195 km/h) with higher gusts. Joaquin is a category 3 hurricane on …
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10, 2015
Zurich Announces Initiative to Fund Solutions to Social and Environmental Issues
Zurich Insurance Group announced that it plans to “allocate up to 10 percent of its private equity investments to impact private equity funds, currently expected to total $100 million by the end of 2015. These funds will measure the social …
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10, 2015
NAS’ Palotay: Point-of-Sale, not Stored Data, Riskiest for Retailers
In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at retailers across the country in the past few …
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10, 2015
Best Affirms Lloyd’s Syndicate 510 [Tokio Marine Kiln] Ratings
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510, which is managed by Tokio Marine Kiln Syndicates Limited (TMKS). The outlook for both ratings remains positive. “The …
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09, 2015
N.Y. Assemblyman Seeks to Build Coalition to Fix ‘Broken’ NFIP
New York State Assemblyman Phil Goldfeder (D – Rockaway Beach) is reaching out to congressional representatives in Mississippi and Louisiana communities hardest hit by Hurricane Katrina in 2005 to encourage collaboration on reforming the National Flood Insurance Program (NFIP). Goldfeder …
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10, 2015
Talboys Joins Miller for Sports and Leisure
Miller Insurance Services LLP announced that Steve Talboys has joined the insurance broker “to help drive its sports and leisure offering launched in May 2015,” and is “working with James Hands and other dedicated sports and leisure hires made earlier …