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RSA Canada Taps Cohen from Aviva Canada as SVP, Chief Underwriting Officer
Toronto-based RSA Canada has appointed Steve Cohen to the newly created role of senior vice president and chief underwriting officer. The SVP and chief underwriting officer role was created to build upon the progress the company has made “in advancing …

POSTED OCTOBER 20, 2017 7:44 AM
Neon Launches Marine Joint Venture in Italy
Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target hull and cargo business placed …

POSTED OCTOBER 20, 2017 7:18 AM
Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. For the industry overall, Zurich-based Swiss …

POSTED OCTOBER 20, 2017 6:37 AM
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …

POSTED OCTOBER 20, 2017 6:24 AM
Fighting Drivers of Commercial Auto Frequency, Severity With Technology
Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week in Las Vegas. There has been a focus on …

POSTED OCTOBER 20, 2017 5:00 AM
U.S. Consumer Bureau Offers Rules for Financial Data Collection
The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products. The regulator laid out a series of principles on Wednesday to establish its expectations for accessing consumer’s financial …

POSTED OCTOBER 20, 2017 5:00 AM
Congress Questions Youth Football League on Safety
After hearing from brain trauma researchers who said playing football at a young age is unsafe even for kids who don’t suffer obvious injuries, members of Congress this week asked the nation’s governing body for the sport’s amateurs to detail …

POSTED OCTOBER 20, 2017 5:00 AM
GM to Pay States $120 Million to Settle Ignition Switch Claims
General Motors Co. has agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general and the company said on Thursday. The largest U.S. automaker had previously …

POSTED OCTOBER 20, 2017 5:00 AM
Nashville Keeps Winning FEMA Flood Appeals
While Federal Emergency Management Agency denials and reversals have roiled some communities following natural disasters, officials in Tennessee’s capital have been unusually successful at winning their appeals. An analysis by The Associated Press found that over the past decade, FEMA …

POSTED OCTOBER 20, 2017 4:57 AM
Northern California Wildfires: Insurance Industry Ready to Assist With ‘Massive’ Recovery
Rebuilding the Northern California areas devastated by wildfire will be a long-term effort, and insurers say they will be there to help their affected policyholders get back on their feet. Tens of thousands of evacuees began making their way home …

POSTED OCTOBER 20, 2017 4:38 AM

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