A Mississippi jury ordered Ford Motor Co. to pay $131 million to the family of a man who died while driving an Explorer, an attorney for the family said on Thursday. The trial centered on a 2001 accident involving Brian …
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. …
Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the Category 2 storm appeared to …
Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …
Marsh has launched a specialist contamination insurance product for water utility firms globally, in reaction to “utilities companies move to strengthen their resilience to risks as a result of tightening regulation and the heightened threat of terrorism,” said the bulletin. …
About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and …
American International Group Inc filed an application with the Hong Kong Stock Exchange to list its Asian life insurance unit, AIA Group Ltd, a source familiar with the matter told Reuters Thursday. The application brings bailed-out AIG a step closer …
Insurance Office of America has opened an office in Santa Barbara to be led by Jon Valois. Valois is a 22-year industry veteran, with a broad base of clients in industries including construction, manufacturing, agriculture, medical and telecommunications.
QBE today announced that its subsidiary, Sterling National Corp., has acquired Seattle Specialty Insurance Services Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty Insurance Services has provided insurance services to financial institutions since 1992. …
A “larger but weaker” Hurricane Earl is heading for southeastern New England, the National Hurricane Center reported at 11 a.m. EST. The center discontinued its hurricane warning for North Carolina, replacing it with a tropical storm warning north of Ocracoke. …
