The University of North Alabama is among a small but growing number of colleges that contact parents if their children get nabbed for underage drinking. Kim Greenway, director of judicial affairs and student affairs at UNA, says underage drinking is …
Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive said on Tuesday. Johnny Chen, Zurich Financial’s chief executive …
Toyota Motor Corp. said Monday it had found no evidence to support the driver’s account of a widely publicized “runaway” Prius incident in California that overshadowed the company’s attempts to restart sales after a punishing series of recalls. U.S. safety …
A federal appeals court said Monday insurer Lloyd’s of London must pay claims related to alleged swindler Allen Stanford’s defense. Stanford, his former chief investment officer Laura Holt, and former accounting executives Gilbert Lopez and Mark Kuhrt sued Lloyd’s after …
ACE Bermuda announced the appointment of Jeffrey Jabon to the position of Senior Vice President of its Professional Lines department. He takes on management of the department and will be responsible for the development of ACE Bermuda’s professional liability book …
Hiscox Ltd. announced from its Bermuda headquarters that, from initial estimates, based on an insured market loss of US$8 billion for the Chilean earthquake, and US$3 billion for windstorm Xynthia, it estimates a combined net loss of approximately £100 million …
Swiss Re’s annual sigma study has calculated that “natural catastrophes cost insurers $22 billion in 2009, while man-made disasters cost an additional $4 billion. Insured losses were highest in North America, where they cost insurers over $12.7 billion. “The death …
California workers’ compensation claims and disability costs have dropped significantly since the state’s workers’ compensation system was overhauled in 2003 and 2004. Yet “many of the same incentives, institutions and regulatory practices that contributed to the market volatility and insurance …
Union General has an “A+” rated carrier offering coverage to California agents for common area exposure for homeowners associations. Pricing is on a per unit basis. Limits up to $2,000,000 occurrence/$3,000,000 aggregate are available. Coverage is available for tennis courts, …
While discussion about economic recovery focuses primarily on expanding job growth in existing companies, a new study suggests policies should be focused more on creating a favorable environment for entrepreneurship— and particularly high-growth entrepreneurship— because top-performing companies are the most …
