Two deputy commissioners at the Alabama Department of Insurance will take on new roles in an effort to improve efficiency and outreach at the agency, Commissioner Mark Fowler announced Tuesday. Larry Chapman, with the DOI for two years, will add …
Alabama DOI Gives Deputy Commissioners New Responsibilities in Efficiency Move Read More »
A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated. Flight BX391, departing from Gimhae International Airport, was preparing to take off from Busan …
Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated Read More »
Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter net income was down 22% to about $2.6 billion compared to the same period a year ago, but the Whitehouse …
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 Read More »
As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by very cold weather. Cities in northern European regions such as the UK and Ireland and Scandinavia would see an overall …
Climate Change Will Lead to Higher Deaths in Europe, Study Shows Read More »
Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit Patel as U.S. head of intellectual property (IP) underwriting. With more than a decade of experience, Patel specializes in contingent …
Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a booming business. Pet health insurance purchases have been up over the last several years, dramatically expanding premiums for the inland …
Growth of Pet Insurance Continues as Market Could Reach $4.5B Read More »
Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage caused by Hurricanes Helene and Milton helped push total economic …
US Economic Losses From Natural Disasters Soared in 2024 Read More »
A pharmacy benefits manager bill passed by the Mississippi House of Representatives last week may have little impact on drug costs in the state’s workers’ compensation system, even if that is part of the bill’s intent. “The problem is, drug …
Mississippi House Bill Puts New Rules on PBMs, But May Do Little for Workers’ Comp Read More »
New York’s Long Island was once synonymous with “duck” in the culinary world. Now it may lose its last commercial farm. The avian flu outbreak that has led to the slaughter of millions of birds at U.S. poultry farms and …
Avian Flu Could Shutter Long Island’s Last Duck Farm Read More »
Brooks Insurance hired Tiffani Ann Garabedian as senior vice president of underwriting. Garabedian is based in Los Angeles. Garabedian has nearly 20 years of insurance industry experience, most recently serving as a territory manager with Nationwide for the Northeast region. …
People Moves: Brooks Insurance Adds Garabedian as Underwriting SVP Read More »
