Property-Casualty Insurance News
Insurance broker Arthur J. Gallagher & Co. has made two acquisitions in as many weeks in the United States and Europe.
Early forecasts for the 2014 hurricane season indicate that moderate El Nino conditions are likely to persist throughout the year, according to Fitch Ratings’ annual Hurricane Outlook.
The Senate Banking Committee is scheduled to hold a hearing and markup session on Tuesday, June 3, on legislation to renew the Terrorism Risk Insurance Act.
Guy Carpenter announced the appointments of Eric Simpson as Managing Director and Mark Murray as Senior Vice President.
While bonds still accounted for the majority of the U.S. property and casualty insurance industry’s holdings in 2013, they made up a smaller percentage of overall investments, according to industry-level data compiled by SNL Financial.
Insurance agent James D. Sutton led the list of officers elected by members of the Independent Insurance Agents & Brokers of New York at its 132nd Annual Business Meeting, held at the Hyatt Place in Riverhead.
Benjamin M. Lawsky, superintendent of New York’s Department of Financial Services (DFS), has issued a bulletin to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs.
Virginia Insurance Commissioner Jacqueline K. Cunningham issued a statement to Virginia consumers urging them to prepare a plan as hurricane season approaches, including the importance of obtaining proper insurance coverage.
A former Batlimore restaurant owner pleaded guilty in a scam to collect $3 million from insurance proceeds by burning down his house.
A Tennessee man was sentenced to 12 years prison for conducting a workers compensation scheme that defrauded insurance companies doing business in Virginia and Tennessee of more than $400,000.