Archive for August 2017

By Andrea Wells Vacationers and tourists are no longer content to sit and relax; they want adventure. The global adventure tourism market is forecast to grow by as much as 46 percent by 2020, according to the Global Adventure Tourism Market 2016-2020 report … Read More Read more here:: Insurance Journal       

By Amy O’Connor Just under a year since Florida workers’ compensation rates shot up by 14.5 percent, Florida businesses may get some relief in their workers’ comp premiums. The National Council on Compensation Insurance (NCCI) has recommended to Florida regulators an overall premium … Read More Read more here:: Insurance Journal       

By L.S. Howard Torrential monsoon rains paralyzed India’s financial capital Mumbai for a second day Wednesday as the streets turned into rivers and people waded through waist-deep waters. On Tuesday, the city received about 5 inches (127 millimeters) of rain and it’s already … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic Insurance Company (EAIC). The revised outlooks are due … Read More Read more here:: Insurance Journal       

By L.S. Howard Marsh announced the appointment of David Nayler as Leader of its UK Financial Institutions Industry Practice. Reporting to Charles Beresford-Davies, Risk Management Practice leader, UK & Ireland, Nayler’s employment is expected to commence in early 2018. In this role, Nayler … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Tropical Storm Harvey bore down on Louisiana on Wednesday, pouring down more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston. The storm that first came ashore on Friday as … Read More Read more here:: Insurance Journal       

By Don Jergler Oregon wildfires already have burned nearly 500 square miles this year, as one of the state’s many multimillion-dollar forest fires this season smolders and flares away. The Register-Guard reported the blaze, started by lightning in remote, steep terrain on the … Read More Read more here:: Insurance Journal       

By Don Jergler A Colorado police officer indicted by a state grand jury was arrested on multiple felony counts for allegedly lying about his home and car being burglarized and collecting nearly $60,000 in fraudulent insurance claims. The Aspen Daily News reported Silt … Read More Read more here:: Insurance Journal       

Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Financial details of the transaction were not disclosed. Ensure Insurance Plc. offers life and non-life insurance … Read More Read more here:: Insurance Journal