Archive for November 2015

Many states across the country are unprepared to face the risks posed extreme heat, drought, wildfires, inland flooding, coastal flooding and other extreme weather events, according to a new report card. Only a small number of states – Alaska, California, … Read More Read more here:: Insurance Journal       

El Niño is the Earth’s hot, exhaling breath. At least, that’s one way of thinking about it. The blast of heat from deep within the Pacific Ocean will do more in 2015 than just disrupt weather worldwide. It will push the … Read More Read more here:: Insurance Journal       

The NFL on Thursday asked a U.S. appeals court to uphold a potential $1 billion plan to settle thousands of concussion lawsuits filed by former players. Critics appealing the settlement complain it protects some retirees at the expense of others. … Read More Read more here:: Insurance Journal       

Could it be that the property/casualty insurance industry has company in not feeling the love of millennials? Yes, it could. The Hartford has released new research that shows key industries driving the U.S. economy, including retail, construction and manufacturing, are … Read More Read more here:: Insurance Journal       

PartnerRe Ltd. announced Thursday that its shareholders voted to approve the proposed acquisition of the company by EXOR at a special general meeting of shareholders held at the company’s offices in Bermuda. The acquisition of PartnerRe Ltd. by EXOR was … Read More Read more here:: Insurance Journal       

The Travelers Companies Inc. announced that Michael Casella has joined the company as senior vice president, International Insurance. Casella will be responsible for furthering efforts to leverage the expertise from the company’s lines of business – personal, business, bond and … Read More Read more here:: Insurance Journal       

Financial services provider Towers Watson & Co more than doubled its special dividend after shareholders rejected its $18 billion merger with insurance broker Willis Group Holdings. Tower said it would raise the one-time cash dividend to $10 per share from $4.87. … Read More Read more here:: Insurance Journal       

Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are: Karl Helgesen was named U.K. chief claims officer, effective December 2015, as Tony Emms leaves the business UKGI Chief Operations Officer … Read More Read more here:: Insurance Journal       

Specialist insurer Beazley launched in Australia “Weather Guard,” an insurance policy to protect Australian businesses from weather-related revenue shortfalls. Weather Guard covers weather-related perils that have historically not been offered cover, Beazley said in a statement. “This means it can … Read More Read more here:: Insurance Journal