Specialty insurer Markel International has broadened its suite of products for directors and officers with the launch of three new products. It has also enhanced its existing directors’ and officers’ (D&O) wording. The new products relate to investment funds, fund …
Michael Hayes will join Pennsylvania’s NSM Insurance Group as the director of its Staffing Lines Program. The program serves the staffing lines industry in all 50 states. Hayes has 20 years experience with workers’ compensation and staffing having served with …
Oil giant BP says it has paid more than $657 million for grants, claims and recovery costs in Alabama from the oil spill in the Gulf of Mexico. The oil company released updated figures this week on the amounts it …
A judge has limited the potential liability of the public transit agency in the District of Columbia in a suit brought by survivors of those killed in the 2009 crash on the Metro red line by ruling that the transit …
The city of Myrtle Beach is suing 11 hotels to make them remove their swimming pool enclosures. The Sun News of Myrtle Beach reported the federal suit filed last week contends the enclosures violate federal rules, risking the city’s coverage …
Allstate Property and Casualty Insurance Co. wants a public hearing on the Mississippi Insurance Commissioner Mike Chaney’s denial of its request for a 44 percent home insurance rate hike. The company also wants someone other than Chaney to conduct the …
Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Prudential’s board approved a 64 percent increase in its annual dividend to $1.15 a share. The No. …
Professional services company Towers Watson will buy insurance consulting and software company EMB to expand its offerings to property and casualty insurance clients, the companies said Wednesday. Terms were not disclosed. London-based EMB provides property/casualty actuarial software and consulting services …
Union-represented housekeepers filed injury complaints against Hyatt Hotels Corp. properties in eight U.S. cities Tuesday, but the company said the filing was a union ploy to gain leverage and members. The 12 filings with the U.S. Occupational Safety and Health …
Complacency at BP, as well as at Transocean Ltd and Halliburton, led to serious missteps prior to the rig explosion that unleashed millions of barrels of oil into the Gulf of Mexico over the summer, the heads of the White …
