Sugarland, Texas-based Imperial Sugar Co. has settled the property insurance claim for the February 2008 industrial explosion at its Port Wentworth, Georgia refinery for an aggregate of $345 million. A final $45 million payment on the claim is expected to …
Few Nebraska lawmakers participating in an Associated Press survey say they support legislation making liquor license holders liable for serving intoxicated customers who leave their establishments and hurt themselves or others. But one lawmaker has plans to introduce a proposal …
Alabama Gov. Bob Riley is crediting state efforts for driving down the number of highway deaths in Alabama. Officials are anticipating a 35 percent decrease since 2006 in the number of state trooper-investigated highway deaths in the state. Riley says …
A 55-year-old St. Paul man remains jailed after his 18th arrest on drunken driving charges. The Minnesota State Patrol said he crashed his car on Highway 61 and Interstate 494 in Newport around 6:30 p.m. last Thursday. Capt. Matt Langer …
Swiss Re has concluded that, despite the unusually quiet 2009 hurricane season, “overall natural catastrophe losses have increased significantly over time and are expected to grow further. “The premium for our book of natural catastrophe covers reached $1.8 billion. Due …
Munich Re’s CEO Nikolaus von Bomhard issued a statement on the reinsurer’s web site that left no doubt concerning the disappointment he (and the Group) feel following the failure of the UN’s Copenhagen Climate Conference to achieve any major agreement. …
According to the latest figures compiled by the Association of British Insurers (ABI), trade credit insurers paid out a record amount in claims in the third quarter of 2009. The total amount paid in claims was £125 million ($200 million), …
White Sutton & Company Insurance Services of Santa Monica, Calif., has added Tyler Albers as an assistant account executive. A recent graduate from the University of Washington, Albers is passionate about a career in the insurance industry. Prior to joining …
Wisconsin teenagers are buckling up more than they used to. A new survey of the state’s high school students shows that only 15 percent say they rarely or never wear a seat belt when in a car driven by another …
New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek Bucciferro to senior underwriter. he has 10 …
