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1
09, 2015
Hurricane Fred Strikes Cape Verde in East Atlantic — 1st Time Since 1892
Something rare happened out in the Atlantic — a hurricane hit Cape Verde. The islands off the coast of Africa lend their name to some of the most powerful storms the Atlantic produces, yet they themselves rarely get hit. According to …
The article Hurricane Fred Strikes Cape Verde in East Atlantic — 1st Time Since 1892 appeared first on Insurance Journal.
3
09, 2015
S&P Report Urges Discipline as Reinsurers Adjust Exposure to Cat Risk
Standard & Poor’s Ratings Services has released a report – “Discipline Is Necessary As Reinsurers Adjust Their Exposure To Catastrophe Risk” – that examines diverging attitudes to catastrophe risk among reinsurers facing a prolonged soft market. S&P explained that “two years …
The article S&P Report Urges Discipline as Reinsurers Adjust Exposure to Cat Risk appeared first on Insurance Journal.
11
09, 2015
Court Narrows Investment Firms’ Claims Against AIG
American Group International Group Inc. won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors about its exposure to subprime mortgages. U.S. …
The article Court Narrows Investment Firms’ Claims Against AIG appeared first on Insurance Journal.
14
09, 2015
University in West Virginia to Require Risk Management Training of Greek System
Marshall University is requiring its fraternity and sorority chapters to undergo training for risk management and party hosting after hundreds of students had to be dispersed by police last month. Marshall says in a news release the training must be …
The article University in West Virginia to Require Risk Management Training of Greek System appeared first on Insurance Journal.
1
09, 2015
$2.3M-Plus Recovered for Louisiana Insurance Consumers
In the first six months of 2015, the Louisiana Department of Insurance (LDI) recovered an additional $2.37 million for insurance policyholders. Insurance Commissioner Jim Donelon says the funds are the result of LDI staff working with insurance companies to resolve …
The article $2.3M-Plus Recovered for Louisiana Insurance Consumers appeared first on Insurance Journal.
2
09, 2015
Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners
A Dutch court ruled on Wednesday that gas producer NAM must compensate homeowners for falls in the value of their properties due to earthquakes linked to gas production at the Groningen field in the north of the Netherlands. The ruling …
The article Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners appeared first on Insurance Journal.
9
09, 2015
Willis Names Wightman as Regional Surety Practice Leader
Willis North America has appointed David S.J. Wightman, as senior vice president and West Region surety practice leader, Willis North America. He is based in Houston. Wightman joins Willis from Aon where he most recently served as director, Southwest Region, …
The article Willis Names Wightman as Regional Surety Practice Leader appeared first on Insurance Journal.
14
09, 2015
Florida Approves Removal of Up to 184,500 Policies from Citizens
The Florida Office of Insurance Regulation has approved the removal of up to 181,909 personal residential policies and 2,591 commercial residential/non-residential polices from Citizens Property Insurance Corporation (Citizens) by the following six companies: Anchor Property & Casualty Insurance Co. – …
The article Florida Approves Removal of Up to 184,500 Policies from Citizens appeared first on Insurance Journal.
1
09, 2015
Doctors Ask Federal Appeals Court to Reconsider Florida ‘Docs vs. Glocks’ Law
Physician groups are asking a federal appeals court to reconsider a ruling upholding a Florida law restricting what doctors can ask patients about guns. Organizations representing some 11,000 medical providers want the full 11th U.S. Circuit Court of Appeals to …
The article Doctors Ask Federal Appeals Court to Reconsider Florida ‘Docs vs. Glocks’ Law appeared first on Insurance Journal.
3
09, 2015
Blackstone Acquires Major Interest in Mortgage Insurer PMI
Blackstone Group LP acquired a “significant equity stake” in mortgage insurer PMI Group Inc. Blackstone, the New York-based private-equity firm, will provide a loan to PMI for working capital and gains the right to take part in future equity offerings, …
The article Blackstone Acquires Major Interest in Mortgage Insurer PMI appeared first on Insurance Journal.