- Berkshire specialty unit adds to Canada offerings
Berkshire Hathaway Specialty Insurance Co. on Wednesday said it has launched new executive and professional lines products for financial institutions in Canada.
- California health exchange to see double-digit rate hike in 2017
Health insurance plan rates will rise an average of 13.2% next year in California’s health insurance exchange, more than triple the increases of prior years, state officials announced.
- Catastrophes cause $30 billion in insured losses in 2016 first half
Global natural disasters racked up $30 billion in insured losses for the first half of the year, down 3% from the 10-year average of $31 billion but up 27% from the 16-year average of $24 billion, Aon Benfield Group Ltd. said Wednesday in a report.
- Cancer tops stop-loss claims, transplant costs jump
Cancer once again topped the list of costliest stop-loss catastrophic claims, but the cost of transplants is growing rapidly, according to a report by Sun Life Financial Inc.
- Cayman Islands names insurance supervisor
The Cayman Islands Monetary Authority said Monday that it has named Ruwan Jayasekera head of the Insurance Supervision Division.
- Broker expands casualty leadership team
Beecher Carlson Insurance Services L.L.C. has named Atlanta-based Sharon Brainard to the newly created role of chief casualty innovation director.
- Allianz offers transactional liability coverage in North America
Allianz Global Corporate & Specialty S.E. has launched a transactional liability unit in North America to cover risks posed by mergers and acquisitions.
- EEOC sues rental chain that fired transgender worker
An Illinois Rent-A-Center store violated a transgender woman’s civil rights after her gender transition, the agency says.
- Allied World profit surges as investments rebound
Allied World Assurance Co. Holdings A.G.’s net income for the second quarter of 2016 rebounded to $153.4 million compared with net income of $9.