While many Florida lawmakers claim to be opposed to gambling, they don’t mind taking a chance on Mother Nature. They rolled the dice again on May 1, signing off on a new insurance bill that does little to alleviate Florida’s …
Harrisburg, Pennsylvania-based Penn National Insurance said it has completed the sale of its wholesale insurance brokerage subsidiary, ESL Inc., to Atlantic Specialty Lines of Pennsylvania for an undisclosed amount. Atlantic Specialty Lines operates as a wholesale brokerage specializing in excess, …
MyNewMarkets.com, the Web site with a searchable online directory that brings together agents seeking property/casualty insurance markets with the market providers, is expanding its content to include in-depth analysis and reporting on technical and coverage issues. Christopher J. Boggs has …
A Greenwich, Connecticut probate judge has upheld a settlement of more than $1 million between a cruise ship line and the widow of a missing passenger. George Smith IV of Greenwich had been on a 12-night honeymoon cruise aboard a …
Yahoo Inc. likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp., even if investors find holding the company responsible to be an uphill battle. Microsoft pulled its sweetened $33-per-share offer Saturday because …
A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing others. The coalition, led …
Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha, Nebraska-based insurance and investment company fell to …
A river that flooded parts of northern Maine dropped much faster than expected, allowing hundreds of residents who fled their homes to return and assess the damage Friday, officials said. The St. John River dropped below flood stage just two …
U.S. Sen. Mark Pryor will head a conference committee on legislation to strengthen consumer product safety efforts, and says the group will meet soon. The Democrat from Arkansas, who chairs the committee, said the group will consider the concerns of …
A number of Bermuda-based companies announced their first quarter results last week, which were generally lower than the same period of 2007. The financial credit crunch, combined with the ongoing soft market, had a noticeable effect on earnings, even though …
