Posts by vgeorgiev

By Don Jergler Wildfires forced thousands to flee their homes across the U.S. West during a sweltering, smoke-shrouded holiday weekend of record heat. The fires caused evacuations in Glacier National Park in Montana and many other parts of the West; compelled crews to … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, which help insurers shoulder the burden of large … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones A.M. Best reported it has placed under review with negative implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Birmingham, Mich.-based Conifer Insurance Co. (Conifer); the FSR of B+ … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Sergeant Bluff, Iowa, officials say the city’s water treatment plant doesn’t function as promised and so are suing the engineering firm that designed it. The Sioux City Journal reports that the city sued Veenstra & Kimm Inc. in Woodbury County … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones The son of late jazz legend Thelonious Monk is suing a California brewery, alleging it is using his father’s image on bottles and packaging of a Belgian-style ale and other merchandise without permission. The lawsuit filed in federal court in … Read More Read more here:: Insurance Journal       

By L.S. Howard The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention on the poor planning and lack of preparedness for annual monsoon rains, as authorities struggle to get aid to millions … Read More Read more here:: Insurance Journal       

Zurich Insurance Group announced that Alison Martin will join the group on Oct. 1, 2017 and will assume the role of group chief risk officer in January 2018. She will succeed Cecilia Reyes, Zurich’s current group chief risk officer, who … Read More Read more here:: Insurance Journal       

Hospitality​ ​Insurance​ ​Group President​ ​and​ ​CEO​ ​John W. Tympanick has announced his 2018 retirement after 26 years with the Southborough,​ ​Mass.-based company. “After 26 years helping to create a successful regional multi-line insurance company from its humble beginnings as a … Read More Read more here:: Insurance Journal       

Police in Massachusetts are warning of fake social media accounts that have popped up after a woman won the $758.7 million Powerball jackpot. Chicopee police say fake accounts are being created on Twitter, Facebook and Instagram stating that they are … Read More Read more here:: Insurance Journal