A northern Indiana city that sits along the Wabash River is home to thousands more flood-prone homes and properties than are listed on federal floodplain maps, new research shows. The study by the First Street Foundation, a nonprofit research and …
Rust-Ewing, Watt, & Haney Inc., a Texas City, Texas-based provider of personal and commercial insurance products, has reported that Rust-Ewing Insurance and Assurance One Insurance are being renamed Texas First Insurance, effective Sept. 1, 2020. The agency headquarters will remain …
It is only a simulation. It’s also the worst-case scenario. One day, it could be reality. “Hurricane Phoenix” is the hypothetical disaster that would change life in the Tampa Bay area forever. Imagine a Category 5 storm that drowns South …
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, and AllDigital Specialty, a de novo MGA, will launch a new insurance platform designed for the U.S. small private company management liability market. AllDigital utilizes low-touch/no-touch technology that …
California’s State Compensation Insurance Fund will distribute a roughly $75 million dividend to its qualifying policyholders with policies that took effect between Jan. 1 and Aug. 26. The dividend equals roughly 10% of the estimated annual premium reported during that …
Estimates for insured property losses associated with Hurricane Laura by catastrophe risk modeling firms Air Worldwide and Karen Clark and Co. (KCC) are similar — both fall into the $8 billion range — but they are not exactly the same. …
The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19 pandemic. The department’s Wage …
In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the pandemic. In the first half of 2020, gross written premiums increased 20.5% year-on-year to RMB102.1 billion. Gross written premiums by …
North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit out cash, the U.S. government warned on Wednesday. A technical cybersecurity alert jointly written by four different federal agencies, including …
The California Department of Insurance has launched remote testing for license examinations, designed to provide more flexibility and opportunities to thousands of insurance license candidates in light of existing COVID-19 social distancing requirements and local public health orders. T The …