Archive for November 2015

The 2015 Atlantic hurricane season may end up being remembered for a subpar number of storms, even though the total still beat early forecasts and more than 50 people died. The season, which also lags behind in terms of overall … Read More Read more here:: Insurance Journal       

Return relative to risk values for catastrophe bonds at current prices are actually higher in 2015 than they were last year, even though recent market commentary suggests that market prices have stabilized, according to research by RMS, the Newark, Calif.-based catastrophe risk … Read More Read more here:: Insurance Journal       

A change to the list of globally systemically important insurers (G-SIIs) suggests the potential for being added to or removed from the list could play a significant role in setting strategy for some major insurers, according to Fitch Ratings. The … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson There are not many insurance executives who will quote inventor Thomas Edison, Microsoft’s Steve Baumer, futurist Alvin Toffler, Moore’s Law and philosophers Aristotle and Plato. There are also not many people in the insurance business who can flash business cards … Read More Read more here:: Insurance Journal       

Kinsale Insurance Co. has launched a new law enforcement/police professional product. This is the initial product in Kinsale’s recently established Public Entity Division. Per Clay Rhoades, Kinsale vice president, law enforcement/police professional is the first of many products planned for … Read More Read more here:: Insurance Journal       

The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000 claims after homeowners complained they were … Read More Read more here:: Insurance Journal       

Forrest T. Jones & Company (FTJ) has completed an agreement with Liberty International Underwriters (LIU) to serve as the program administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will … Read More Read more here:: Insurance Journal       

Low-interest disaster loans are available to Virginia businesses and residents in southwest Virginia that were drenched by rains in late September and early October. The Small Business Administration loans are in response to a disaster declaration issued by Virginia Gov. … Read More Read more here:: Insurance Journal       

California’s Workers’ Compensation Insurance Rating Bureau released a study on Friday showing significant differences in the costs of claims among the state’s regions – particularly Los Angeles. The WCRIB Study, Geographical Differences in Workers’ Compensations Claim Costs, shows the Los … Read More Read more here:: Insurance Journal