Louisiana lawmakers approved $42 million in incentive payments to give a boost to the state’s struggling property insurance market.
Author: Annie George
EPIC Announces New Insurance Capital Solutions Group Under its Financial Services Division
EPIC Insurance Brokers & Consultants announced today the expansion of its Financial Services division with the creation of its newly formed Insurance Capital Solutions (ICS) group.
Inflation May Be Easing, But Claims Severity Pressures in P&C Are Likely to Remain: Swiss Re
According to the Swiss Re Institute, headline inflation is estimated to decline but stay elevated in 2023, to some extent alleviating upward pressure on claims compared to 2022. However, cost inflation in certain prices, such as labour and healthcare, may remain high.
U.S. Investors Sue Credit Suisse for ‘Downplaying’ Impact of Losses
US shareholders are suing Credit Suisse for giving false and misleading public statements and downplaying the impact of its losses.
Outbreak Linked to Eye Drops Leaves 68 Infected, 8 Blind: CDC
An outbreak linked to eye drops has infected 68 people in Florida and in 16 other states, according to the latest update from the CDC.
Warren Buffett Talks Banking Crisis with Biden Team
Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
Beazley USA Taps DRC’s RS X Rating to Migrate Their Systems to the Cloud
DRC announced the roll out of RS X Rating to support Beazley’s digital advancement initiative to move their full enterprise rating to the cloud.
Jimcor Announces New Hire: Brokerage Specialist for Garage
Jimcor Agency, Inc. announced a new Garage Specialty team with the hire of Janie Spata, Brokerage Specialist: Garage, based in South Carolina.
Silicon Valley Bank’s Former Parent Files for Chapter 11
Silicon Valley Bank’s former parent company filed for Chapter 11 bankruptcy protection on Friday, a week after the U.S. government took over its commercial bank that teetered from a run on deposits.
Senator Schumer Urges Federal Safety Probe into All Major Freight Railroads
U.S. Senate Majority Leader Chuck Schumer has urged a federal investigation into safety practices of all seven major freight railroads.