A Los Angeles jury has ordered a New Jersey engineering and construction firm to pay $5.2 million in an asbestos exposure case, determining the company acted with malice. The verdict in Los Angeles County Superior Court ordered Foster Wheeler Corp. …
The Bank of Albuquerque will be the custodian of more than $380 million in deposits from about 1,400 insurance companies doing business in New Mexico. The bank has been awarded a one-year contract, beginning July 1, to oversee the deposits, …
National Association of Insurance Commissioners (NAIC) President and Alabama Commissioner Walter Bell recognized four states with accreditation awards on Friday in San Francisco. The awards are part of the Financial Regulation Standards and Accreditation Program and were announced during the …
A Florida woman’s decision to pick up an object at the beach resulted in the evacuation of her condominium after it was determined she found a World War II practice bomb. In the 1940s, Santa Rosa Island was a bombing …
Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree on a concrete proposal for emissions …
OneBeacon Insurance Group today announced that it will begin offering property-casualty solutions to small-business owners in Minnesota through independent agent partners. OneBeacon’s local small-business operation will be led by Territorial Manager James Spindler, based in Minneapolis. Mike Keane, head of …
Tropical Storm Barry, since downgraded to a tropical depression, brought heavy rain to a parched Florida early Saturday, along with strong winds and heavy surf along the state’s Gulf coast. Rain was falling throughout the Peninsula, where droughts conditions have …
A Kentucky airport where a plane took off from the wrong runway and crashed last year had put together a plan to help it comply with federal guidelines on staffing in air control towers but never enacted it, a staffing …
Tompkins Trustco, Inc. in Ithaca, N.Y. reports that the company has received final state and banking approvals to change the holding company name from Tompkins Trustco, Inc. to Tompkins Financial Corp., effective immediately. Tompkins Financial provides personal and commercial banking …
Experts say market conditions in the property/casualty insurance and reinsurance sector indicate the hard market, however short, is now over, and the industry is witnessing the beginning of the pricing cycle’s downside. But these same experts say this downside may …
