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Sompo Canopius Names Banez as Head of US Financial & Professional Lines
Sompo Canopius AG announces has hired Laurie Banez as head of U.S. financial and professional lines. Banez is based in the New York office and reports to Stephen Hartwig, group head of casualty. She joins from Argo Pro with nearly 30 …
Oregon SAIF Program Returns $2.5M to Participating Businesses
Oregon businesses that participate in the Associated General Contractors/SAIF Workers’ Compensation program will receive a $2.5 million retrospective return on their 2014-15 plan year premium, SAIF announced on Wednesday. Six hundred and sixty-five AGC employers in construction and related industries …
What Keeps D&Os Awake at Night? Coverage Concerns Rise Up the List
There are lots of emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of whether or not a D&O …
Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners
After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent increase of homeowners insurance rates in the state. The …
Research Shows Dangers of Using Hands-Free Cell Phones While Driving
Driving while talking on a hands-free phone can be as distracting as talking on a hand-held mobile, according to researchers at the University of Sussex in England. “A popular misconception is that using a mobile phone while driving is safe …
California Governor Wants to Expand Efforts on Climate Change
California Gov. Jerry Brown has launched a campaign to extend some of the most ambitious climate-change programs in the country and ensure his environmental legacy when he leaves office in two years. The centerpiece of the push is a cap-and-trade …
Chubb Enhances Cover for Tech Companies in UK and Ireland
Chubb announced that has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector of the economy. Masterpackage for Technology Companies provides …
Methane in Northern Colorado Water Not Always from Oil Wells: Study
The oil and gas industry may not be to blame if northeastern Colorado tap water is so full of methane it can be set on fire, researchers say. Fewer than 5 percent of the region’s water wells that were checked …
Alliant Names Peters Executive Vice President in Maryland
Alliant Insurance Services Inc. has named Barry Peters executive vice president with the company’s Alliant Americas division. Peters will be based in the Bethesda, MD office of Alliant. He will design and deploy insurance and risk management solutions to clients and …
Kemper Estimates Q2 Catastrophe Losses of $52 Million
Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program. While …