03/03/2020

Davis & Haynes to Assume Block of Stephens Insurance’s Personal Lines Business

Little Rock, Arkansas-based Stephens Insurance LLC (Stephens Insurance), an affiliate of independent financial services firm Stephens Inc., has agr...
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03/03/2020

New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses

Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business. The new business, which is led b...
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03/03/2020

ExxonMobil Paying $1M as Part of New Mexico Settlement

ExxonMobil will contribute $500,000 to a fund used to clean up leaks from petroleum storage tanks as part of a settlement reached with New Mexico. ...
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03/03/2020

M5.8 Earthquake Strikes Near Western Alaska

A magnitude 5.8 earthquake near Adak, the westernmost municipality in the United States, the U.S. Geological Survey confirmed. The earthquake struc...
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03/03/2020

UK actuaries take another crack at equity-release mortgage valuation

Valuation of equity-release mortgages (ERMs) is one of the most controversial topics in the UK actuarial community, and the latest update from the...
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03/03/2020

Chubb Names Buonpane as Construction Industry Practice Leader in New York

Chubb has named Stephen Buonpane as Construction Industry Practice leader for its large account segment. He succeeds Bill Hazelton who was recently...
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03/03/2020

Chubb Enhances North American Claims Leadership with Hazelton, Watt

Chubb has expanded its North America claims leadership team with two appointments: Bill Hazelton has been named head of Chubb North America Claims,...
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03/03/2020

Marsh Calls for Submissions for 2020’s Best Cybersecurity Products Designations

Global insurance broker Marsh announced the 2020 opening of its Cyber Catalyst program that identifies cybersecurity products that cyber insurers b...
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03/03/2020

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidem...
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03/03/2020

Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus

The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property...
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03/03/2020

Homes in Flood Plains May Be Overvalued by $34 Billion

At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published Monday in a National B...
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03/03/2020

Arthur J. Gallagher Acquires New York’s CMS

Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS LLC is a...
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