Conning Asset Management (Europe) Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering €125 million ($195.5 million) post 2012 Carbon Credit Fund. The fund is currently investing in the carbon credits produced by so-called ‘post …
Boston-based AIR Worldwide announced the availability of its tropical cyclone model for Mexico. “The new probabilistic model will help the industry better manage hurricane and tropical cyclone risk in the growing Latin American insurance market,” said the bulletin. “The unique …
Authorities say one person died in an explosion that destroyed an auto repair shop near Florida’s Tampa Bay area. By the time deputies and firefighters arrived, the engine repair shop had been nearly leveled by an explosion and fire April …
Florida taxpayers would be on the hook for losses due to train accidents in a proposed deal the state transportation department negotiated with CSX Railroad, according to the state’s chief financial officer. CFO Alex Sink said the Department of Transportation …
Even as it met a deadline to avoid a $3.3 million performance penalty, the private company that runs Louisiana’s Road Home program faced a new $1.65 million fine if it did not meet additional benchmarks designed to get rebuilding aid …
A.M. Best Company reaffirmed Louisiana Workers’ Compensation Corporation’s “A” (Excellent) rating for 2008. In addition, LWCC has moved up from Financial Size Category IX to Financial Size Category X, the company reported. LWCC (www.lwcc.com) is a private, nonprofit mutual insurance …
Geologists who gathered a week after a 5.2-magnitude earthquake shook the Midwest said they expect mild aftershocks to rattle the region for several weeks. The latest aftershock, a 3.7 magnitude temblor, was felt in Evansville on Friday, April 25, 2008, …
New York’s highest court ruled that a Manhattan high-rise owner is liable for injuries to a tenant’s workman, even though the worker was hired without the landlord’s consent in violation of the lease. The 5-2 court majority concluded that allowing …
Pennsylvania officials say highway deaths dropped in 2007, but more are being blamed on aggressive driving. The state Department of Transportation says that 1,491 people died on Pennsylvania highways last year. That’s down 34 from the number in 2006. But …
The Excess Line Association of New York has approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer in the Empire State. Ironshore – a Hamilton, Bermuda-based specialty insurer with roughly $1 billion in capital – said it …
