An Atlantic hurricane season that had 14 named storms officially ended on Wednesday, leaving residents in the Florida Keys to celebrate even as others around Florida and Puerto Rico continue to grapple with the damage caused by Hurricanes Ian, Nicole …
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch Ratings Fitch expects double-digit percentage premium rate rises for property catastrophe cover in 2023, driven …
Marsh McLennan Agency acquired McDonald Zaring Insurance in Walla Walla, Washington. McDonald Zaring Insurance serves individuals and businesses across all industries and sizes, including agri-business, wineries, financial institutions, health clinics and contractors. Marsh McLennan Agency, or MMA, is a subsidiary …
An investment group founded by embattled insurance executive Greg Lindberg has filed an objection to North Carolina regulators’ plan to liquidate two of Lindberg’s insurance companies, arguing that the companies could be sold and benefits paid quickly. “We deeply disagree …
California’s Department of Justice mistakenly posted the names, addresses and birthdays of nearly 200,000 gun owners on the internet because officials didn’t follow policies or understand how to operate their website, according to an investigation released this week. The investigation, …
A cyber attack on the German ports of Bremerhaven or Hamburg would severely impede NATO efforts to send military reinforcements to allies, retired U.S. General Ben Hodges told Reuters. The European Commission proposed an action plan to bolster cyber defense …
HANOVER TOWNSHIP, Pa. (AP) — Federal investigators say the pilot of a small experimental plane spoke of a problem with the aircraft shortly before it went down in a northeastern Pennsylvania farm last month, killing himself and another person. Authorities …
The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter – the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the effects of catastrophe losses on various …
The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, …
In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over a proposal to collect data on climate-related risks from property and casualty insurers, and its disappointment that insurance commissioners have …