For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close …
Mitchell|Genex Acquires CompAlliance Mitchell|Genex has acquired CompAlliance, a national managed care service provider for the workers’ compensation industry. CompAlliance’s preferred provider organization, medical bill review, case management, utilization review and 24-hour nurse triage services will become a part of Mitchell|Genex. …
ISCM, CAS Institute Launch New Education and Credentialing Program for Catastrophe Risk Professionals The International Society of Catastrophe Managers (ISCM), a professional association promoting catastrophe management professionalism within the insurance industry, and The CAS Institute (iCAS), a subsidiary of the …
Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, …
Kittyhawk Secures Funding From Travelers Kittyhawk, an enterprise drone operations software firm, announced a strategic investment from The Travelers Companies, Inc. The investment will help the company bring unified drone operations to new markets. Kittyhawk has supported the growth of …
Arizona’s First Collision Reporting Center Set to Open in Tucson Accident Support Services International Ltd. announced that it will open its first Arizona Collision Reporting Center, the second in the U.S., in Tucson, May 2018. Accident Support Services International Ltd., …
NORCAL Offers Medical Professional Liability Insurance in New Mexico NORCAL Mutual Insurance Company now offers medical professional liability insurance coverage to the healthcare providers of New Mexico. NORCAL protects practices throughout the United States and is one of the top …
Due to multiple catastrophes during the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest Verisk report on the state of the industry. Even so, P/C insurers are doing well, said Beth Fitzgerald, senior vice …
The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016—a 30.3 percent decline—and its overall profitability as measured by its annualized rate of return on …
Continued concern with the viability of the National Flood Insurance Program (NFIP) has led to growing interest in a private flood insurance market. For the first time last year, the Federal Emergency Management Agency (FEMA) entered into a reinsurance agreement …