Indonesia will appoint state financial firm PT Bahana Pembinaan Usaha Indonesia as a holding company for state insurers to improve their finances, a deputy minister said on Thursday, as the government puts together a rescue plan for a second troubled …
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to provide services and honor its commitments to existing liability, property and bonds customers …
PG&E Corp. needs to explain how it will keep a promise to pay fire victims $13.5 billion in the face of a demand from the Federal Emergency Management Agency for a cut of that money, a bankruptcy judge said Wednesday. …
The U.S. Supreme Court refused to shield state-run universities from having to appear before a federal administrative body to defend the validity of patents they own. The justices turned down an appeal by the University of Minnesota that argued it …
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses. The …
RogersGray has promoted Greg Deems to partner within the Massachusetts-headquartered, independent insurance agency. Deems joined RogersGray in 2011 and became a top performer in his sales role, devoting himself to the furthering of his insurance knowledge and was instrumental in …
Distinguished Programs, a national insurance program manager, has promoted Mamadou Bah to regional sales executive and Renée A. McFadden to vice president and regional sales executive in New Jersey and eastern Long Island, including Queens and Brooklyn. With more than …
Insurance broker Marsh announced the appointment of Jacqueline Quintal as a managing director in its U.S. Financial Institutions Practice. In this role, Quintal will bring together transactional and risk advisory brokerage, claims, and consulting resources for financial institution clients throughout …
Internal emails from Boeing Co. employees could strengthen the legal case for families claiming the company’s push to minimize the training needed for new 737 Max aircraft contributed to two crashes that killed 346 people. Employees bragged about fooling the …
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has promoted Geraldine DelPrete to president of Programs. According to SterlingRisk CEO David Sterling in a company press release, DelPrete’s background in reinsurance and underwriting and understanding of programs has directly …