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Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s reinsurance specialists. The survey conducted by the Lloyd’s …
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Helmet Technology Could Signal Concussions During Games
When the Steelers and Patriots clash on Thursday night in football’s season opener, you’ll see 250-pound men slam into each other, head to head, at high speed. And get concussions? There’s no easy way to tell. That goes for young …
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N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras
A suburban New York man facing criminal charges for tampering with several red light cameras said that he knew he would be arrested after posting video of his actions online but that it was done in protest of government abuse. …
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Brit Hires Stepanishen to Lead U.S. Inland Marine Team in New York
Brit Ltd, a global specialty insurer and reinsurer based in London, hired Kent Stepanishen as senior vice president to launch a new Inland Marine team for Brit Global Specialty USA. Stepanishen will write Inland Marine targeting, builder’s risk, contractors’ equipment …
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BoatUS Launches Peer-to-Peer Boat Insurance Program
BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …
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California Struggles with Wildfires, Thunderstorms, Triple-Digit Heat
Wildfires burned amid a week of triple-digit temperatures across California, while some sections of the state saw sudden thunderstorms and flash floods. High temperatures were expected from Sacramento to San Bernardino, Fresno to Fullerton in a heatwave forecast to last …
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Arkansas to See Max 7.15% Rate Hike in Health Marketplace in 2016
Arkansas’ insurance commissioner says health insurance rates on the state’s marketplace will increase by no more than 7.15 percent next year. The Arkansas Insurance Department approved the 2016 rates for companies participating in Arkansas’ health insurance marketplace, which was established …
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19 Montana Counties Get Drought Disaster Declaration
Four more Montana counties have been designated as primary natural disaster areas due to crop losses caused by drought. The U.S. Department of Agriculture added Jefferson, Madison, Teton and Toole counties, bringing to 19 the total number of Montana counties …
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Louisiana’s Bayou Chene to Get Permanent Flood Control Structure
Funds from the settlement over BP’s Gulf of Mexico oil spill in 2010 will be used to construct a permanent flood control structure in Bayou Chene. The Courier reports the structure will protect St. Mary and several other parishes, including …
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Ag Losses in Louisiana from Feral Hogs Estimated at $74M
Feral hogs cost Louisiana farmers more than $74 million in crop losses and other damage in 2013, according to a new study by the LSU AgCenter. AgCenter economist Shaun Tanger, who’s been gathering data from farmers about feral hog activity …
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