Three large pickup trucks, which serve as workhorses for construction crews, farmers and small business owners, are not providing good protection in side crashes, according to tests conducted by the insurance industry. The Insurance Institute for Highway Safety gave low …
A Detroit man faces first-degree murder and arson charges in the 2004 deaths of two men he had hired to burn down a building he owned in south central Michigan. Attorney General Mike Cox says 57-year-old Musaid Ahmed Saeed hired …
With memories of the 1997 floods still fresh, North Dakota officials are planning for significant flooding in the Devils Lake region and the Red River Valley after months of heavy rainfall and snow. Sen. Byron Dorgan, D-N.D., convened a hearing …
A former Barrow County pastor and his son have been charged with arson for setting fire to a church three years ago. Barrow County sheriff’s deputies arrested 49-year-old Quincy Arnold of Lawrenceville Tuesday. Investigators said he served as pastor of …
Fitch Ratings stated in a Special Report today that its Rating Outlook for the Bermuda (re)insurance market remains negative, “reflecting uncertainty tied to the continued highly volatile investment markets and a more severe economic recession than those experienced in past …
Markel International Limited, the specialty property and casualty insurer, has appointed Tomas Nilsson as claims manager for Markel International Sweden. He will be based in Markel’s Stockholm office. Ove Staaf, managing director of Markel International Sweden noted that Nilsson has …
American International Group has put a prized building in Tokyo up for sale and is in advanced talks to sell a hotel in Puerto Rico and two office buildings in Dubai, a top executive said Thursday. The sales are part …
Bermuda-based Renaissance Re Holdings reported a $44.617 million net loss for the fourth quarter of 2008. Net income for the full year was $29.02 million, compared to $612.436 million in 2007, a 95 percent decline. Investment losses were, as usual …
Arthur J. Gallagher reported net income for the fourth quarter dropped 80 percent. The Itasca, Illinois-based company’s fourth quarter net income declined to $4.7 million or $0.05 per share from $23.4 million or $0.25 per share in the same period …
Nevada Insurance Commissioner Scott Kipper has approved revised workers’ compensation voluntary loss costs and assigned risk rates filed by the National Council on Compensation Insurance (NCCI). The revised loss costs and assigned risk rates are effective March 1, 2009, and …
