Tue, 02 Sep 2014 16:22:17 +0000
Little Rock, Ark., authorities say three sculptures worth $30,000 have been stolen from Riverfront Park. The city’s Parks and Recreation director says he believes the statues were taken at night on Aug. 28. They’re made of bronze with copper detail an...
Tue, 02 Sep 2014 16:20:59 +0000
The widow and son of a Bartlesville man who died during firefighting training have been awarded more than $503,000 in federal and state death benefits despite testimony that said the man was never with a fire department. Thomas Russell “Rusty” … Th...
Tue, 02 Sep 2014 16:20:27 +0000
The Federal Emergency Management Agency late last week denied Hawaii’s request for a major disaster declaration after Tropical Storm Iselle. Iselle made landfall over the Big Island’s isolated and rural Puna region nearly three weeks ago, knocking dow...
Tue, 02 Sep 2014 16:19:04 +0000
The Austin, Texas, City Council has approved a law banning the use of hand-held cellphones and many other portable electronic devices while driving. The Austin American-Statesman reports the city council approved the law on Aug. 28. It takes effect Jan...
Tue, 02 Sep 2014 16:17:55 +0000
Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing property/casualty and risk management consu...
Tue, 02 Sep 2014 16:16:01 +0000
Syncora Guarantee Inc., an opponent of Detroit’s municipal debt-adjustment plan, saw a legal strategy backfire when a judge ruled that the company made “scandalous and defamatory” allegations about the local chief U.S. district judge and mediator...
Tue, 02 Sep 2014 15:42:58 +0000
Three years after flooding from Tropical Storm Irene made most of Vermont’s state office complex in Waterbury unusable, its replacement is rising out of what was a sodden mess that reeked of the nearby Winooski River. An 86,000-square-foot office build...
Tue, 02 Sep 2014 15:38:44 +0000
San Francisco, Calif.-based Woodruff-Sawyer & Co. announced today that Casey Soares is joining the firm as a vice president and property specialist. Soares will partner with client and prospect teams while serving as an additional resource for market n...
Tue, 02 Sep 2014 15:10:48 +0000
Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on residential policies. Citizens Property In...
Tue, 02 Sep 2014 14:41:18 +0000
A home-repair program in New York City has been sprinting to meet a self-imposed deadline to signal a turnaround in Superstorm Sandy recovery, and officials say they’re positioned to pass their test of rebuilding both houses and confidence. The milesto...
Tue, 02 Sep 2014 14:15:15 +0000
Insurance broker and risk consultant Marsh reported that Thadd Wallace has joined the firm as a managing director in the Global Risk Management Practice in Atlanta. In this role, Wallace will work with Don Bailey, head of industry and sales … The artic...
Tue, 02 Sep 2014 13:54:55 +0000
Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history. The agreement is subject to court approval and includes legal fees, the Houston-based company … The art...
Tue, 02 Sep 2014 12:48:01 +0000
An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co. and other banks. The group...
Tue, 02 Sep 2014 12:29:43 +0000
A fissure eruption near Iceland’s Bardarbunga volcano was still spouting lava on Monday but no ash, a day after an eruption that briefly caused the country to raise its ash alert level for aviation to its highest level. Iceland’s largest … The article ...
Tue, 02 Sep 2014 12:27:10 +0000
The Bermuda-based Argo Group International Holdings announced that Jose Ribeiro has been hired to the newly created position of head of international, effective immediately. He will be based in the company’s London office. Ribeiro joins Argo from Gen...
Tue, 02 Sep 2014 10:25:09 +0000
Latitude Brokers Ltd., previously the Marine Division of Cooper Gay Asia, has been launched as a separate entity. The change follows the receipt of regulatory approval in July 2014 by the Hong Kong Confederation of Insurance Brokers. The newly incorpor...
Tue, 02 Sep 2014 10:20:48 +0000
Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has announced plans to streamline costs and generate operational efficiencies following the filing of the group’s 2013 report and accounts and a downgrade to ...
Tue, 02 Sep 2014 10:15:11 +0000
Standard & Poor’s Ratings Services has lowered its long-term corporate credit rating on London-based global wholesale and reinsurance broker, Cooper Gay Swett & Crawford (CGSC) to ‘B-’ from ‘B’ with a stable outlook is stable. S&P also said it has … Th...
Tue, 02 Sep 2014 10:10:58 +0000
Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpo...
Tue, 02 Sep 2014 10:01:25 +0000
Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union, dubbed Solvency II, “still ...
Tue, 02 Sep 2014 09:50:07 +0000
A lawyer for a former South Carolina House member said he may not have realized what he was doing was wrong when he moved around the assets of a businessman who an insurance company was pursuing after he defaulted on … The article South Carolina Ex-Law...
Tue, 02 Sep 2014 09:30:15 +0000
The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, … Th...
Tue, 02 Sep 2014 05:55:22 +0000
Illinois Gov. Pat Quinn’s veto of legislation that would have implemented statewide regulation of commercial rideshare organizations, or Transportation Network Companies (TNCs), put the spotlight on the Chicago rideshare ordinance that was passed by ...
Tue, 02 Sep 2014 00:02:00 +0000
Tower Group International Ltd., which is in the process of being acquired by ACP Re Ltd.,  reported that it had received a letter, dated Aug. 28, 2014, from the Securities and Exchange Commission (SEC) stating that the SEC is conducting … The article ...
Mon, 01 Sep 2014 23:15:05 +0000
Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of the damage. Even if customers don’t lo...
Fri, 29 Aug 2014 17:03:25 +0000
New York officials say $33 million in federal Sandy relief will be going toward the purchase of about 24 acres on Staten Island to control future flooding. Sen. Charles Schumer and New York City Mayor Bill de Blasio announced the … The article New York...
Fri, 29 Aug 2014 16:59:17 +0000
Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time since 1981. “So we’ve been writing business now for about two weeks and so far, so good. It’s obviously very … The a...
Fri, 29 Aug 2014 16:49:01 +0000
Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that have helped create a more competitive...
Fri, 29 Aug 2014 16:48:48 +0000
A University of Hawaii report is warning the state’s tourism industry to start preparing now for the effects of climate change. The study says Hawaii will likely see more competition for visitors as warmer climate zones expand and new, easier-to-reach ...
Fri, 29 Aug 2014 16:48:10 +0000
Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a comprehensive cyber risk management service, and allow...