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19
07, 2016
Republican Platform Under Trump: Reinstate Glass-Steagall, Go Slow on Trade Pacts
Republican National Convention delegates approved a platform Monday that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” The Glass-Steagall measure puts presumptive presidential nominee Donald Trump and his party in the company …
15
07, 2016
P/C Insurers’ Net Income Fell 26% in Q1
U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015—a 26.6 percent decline—and their annualized quarterly yield on investments drop to 2.9 percent—the lowest this century—from 3.1 percent …
19
07, 2016
Integro Names Ro as New York Operations Leader
International broker and risk management firm Integro Insurance Brokers today announced the appointment of Esther Ro as New York operations leader. She succeeds Anne Anderson, who has taken on the role of North America Client Stewardship leader. Ro joined Integro …
15
07, 2016
Switch Sues Nevada Regulators, NV Energy over Efforts to go Solar
A data-storage center company sued Nevada electricity regulators and NV Energy this week, saying it got an unfair deal when it tried to leave the grid and suffered at the hands of a former state employee who tweeted about the …
19
07, 2016
AIR Worldwide Launches Global Resilience Practice with Kaniewski as Leader
Catastrophe modeling firm AIR Worldwide (AIR) has formed a global resilience practice, which aims to support risk reduction and resilience initiatives across the globe. These initiatives are aimed at developing solutions to aid society’s efforts to better prepare for and …
15
07, 2016
France in Mourning After Latest Deadly Terror Attack Kills at Least 80
Eight months after a murderous rampage in Paris, the deadly attack in the coastal city of Nice on Bastille Day threatens to throw a still-traumatized France into a tailspin in the run-up to presidential elections and raise terror alarms across …
19
07, 2016
XL Catlin Opens Unit in Africa to Write Facultative and Treaty Reinsurance
XL Catlin has established a new Reinsurance Unit focused on providing facultative and treaty reinsurance across Africa. Leading the team is Alex St James who has been appointed as head of Africa for XL Catlin’s Reinsurance operations. Additionally, XL Catlin …
15
07, 2016
Caution: Millions of U.S. Drivers Are Angry, Aggressive or Enraged!
Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming findings suggest that …
19
07, 2016
Idaho University Denies Discriminating Against Mormon Player
Idaho State University’s former assistant tennis coach and the university have denied allegations made in a lawsuit in which a former tennis player says he was discriminated against because of his Mormon faith. The Post Register reported that former coach …
15
07, 2016
Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout
A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a …