Johnston, Rhode Island-based commercial and industrial property insurer FM Global said it has appointed Michel Giannuzzi and Israel Ruiz to its board of directors. Giannuzzi is CEO of Paris-based Tarkett, a flooring maker, and Ruiz is executive vice president and treasurer of the Massachusetts Institute of Technology in Cambridge, Massachusetts.
Chicago-based Property Casualty Insurers Association of America said it has awarded a $5,000 grant to Wildfire Partners in Boulder, Colorado, to support its work with homeowners living in high-risk wildfire communities to mitigate and prevent damage to homes from wildfires in the wildland urban interface.
Bermuda-based reinsurer Microinsurance Catastrophe Risk Organization said it has released a new product for low-income families in Central America. The microinsurance product will cover business interruption losses from excessive rainfall, severe drought and earthquakes.
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