A South Florida truck driver has been awarded $14.6 million from an accident that left him paralyzed. A Broward Circuit Court judge ordered insurer National Casualty Co. to pay 64-year-old Derry Brown Jr. Jurors decided the amount of the award. …
American International Group, Inc. (AIG) said it has penned an agreement with the Federal Reserve Bank of New York (FRBNY) that will reduce the debt AIG owes the FRBNY by $25 billion and position two of the company’s international life …
American International Group Inc. agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said. The two buildings, which are located at 70 Pine Street and 72 Wall …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S. subsidiaries. Best also affirmed the ICR of “bbb” of the …
A.M. Best Co. commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Tower Group Companies and its pooled members, the FSR of ‘A-‘ (Excellent) and ICR of “a-” of Bermuda-based CastlePoint …
A team of Willis Group Holdings has concluded that “insurers are increasingly seeing offshore wind as an attractive investment area with considerable growth potential.” The conclusion comes just ahead of the eighth annual British Wind Energy Association (BWEA) offshore wind …
The Dutch Defense Ministry said Somali pirates have released a hijacked cargo ship aboard which one crew member was fatally shot. The ministry said Dutch marines are escorting the MV Marathon to a safe port. It also said one of …
Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta sees frequent floods in …
Beginning in June 2009, Michigan-based Hagerty Insurance, a major provider of provider of collector vehicle insurance, expanded its operations into Canada. “The move will allow Canadian enthusiasts similar insurance products and services as those currently offered in the United States …
A new report from Marsh concludes that the senior management at “85 percent of Europe’s leading communications, media and technology (CMT) companies have indicated they are placing increased importance on risk management since the economic downturn.” Marsh’s Report – New …
