Insurance companies already have paid out more than $500 million in claims for the May 22 tornado that struck Joplin, Mo. But the final total could grow to three or four times that amount. The state insurance department said on …
Arkansas’ top insurance official says he’ll “go down fighting” in favor of the state setting up insurance exchanges under the federal health care overhaul. It’s a fight he’s entering as the clear underdog — with the odds stacked against him. …
An oil pipeline that spewed tens of thousands of gallons of crude oil into Montana’s Yellowstone River was temporarily shut down in May because of concerns over rising waters, and regulators last year warned Exxon Mobil of several safety violations …
A new lock, a thick door and a steel bar across the shuttered front counter of the Canyon Lake Little League concession stand still couldn’t prevent the youth baseball league from taking a hit. The president of the Rapid City, …
Privately held Nippon Life Insurance Co. said on Tuesday it will invest 500 million euros ($709 million) in Germany’s Allianz Se , amid an overseas push by Japanese insurers as their traditional life insurance market shrinks. A declining population has …
Ohio-based State Auto Insurance Cos. said it will cease writing coverage in Rhode Island and write only certain lines of business in Massachusetts. State Auto will continue to write business and farm Insurance in Massachusetts, but will not renew any …
With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said. The Obama administration must do …
Cash-strapped Connecticut has increased a number of fees and charges at its Department of Motor Vehicles (DMV). Among the fees are an $8 increase — up to $72 — for renewing licenses, a $25 fee for failing to renew on …
Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said on Friday, demanding a cross-border campaign to combat the security threat. “Most countries don’t even have a legal framework that …
Massachusetts-based The Hanover Insurance Group has completed its acquisition of Chaucer Holdings, a specialty Lloyd’s insurance group. The $474 million deal includes $13 million to be paid in loan notes to shareholders. “The combination of our companies represents an important …
