According to PERILS, the Zurich-based catastrophe data provider, initial loss estimates for property losses caused by windstorm Andrea, which struck Western Europe at the beginning of January, are €267 million [$350 million]. The majority of the losses occurred in Germany, …
The UK-based Jardine Lloyd Thompson Group plc announced that it will combine its existing Spanish retail brokerage business, JLT-SIACI Espana S.L., with the business of March – Unipsa Correduria de Seguros, S.A.U., the fourth largest commercial insurance broker in Spain …
An estimated 5.6 million trees that once shaded homes, streets and parks in communities across Texas now are dead as a result of last year’s unrelenting drought, the Texas Forest Service says. The economic cost resulting from the loss is …
A group advocating open government told a federal judge last week that a Delaware law allowing Court of Chancery judges to preside over secret arbitrations in business disputes is unconstitutional. Judge Mary McLaughlin heard arguments in federal court in Philadelphia, …
A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a” of Mexico’s Seguros Inbursa, S.A. Grupo Financiero Inbursa, both with stable outlooks Best said the ratings reflect Seguros Inbursa’s “solid risk-adjusted capitalization, …
TD Insurance, a subsidiary of TD Bank, has promoted David Lofstrom to vice president of U.S. commercial sales and product development. Based in Boston, he will help grow the commercial property/casualty and employee benefits lines of business across TD Insurance’s …
St. Louis, Mo.-based Safety National Casualty Corp., an excess workers’ compensation provider and a writer of multi-line large casualty business, announced that Matthew Hartmann has joined the company as regional underwriting manager in the large casualty department. He will be …
Congressman John Garamendi, D-Walnut Grove, Calif., on Tuesday introduced the Flood Insurance for Farmers Act of 2012 to help offset the cost of flood insurance that will likely be required in many of the state’s farmlands as aging levee systems …
A doctor convicted in the overdose deaths of four patients and implicated in eight more deaths faces has been sentenced to in federal court in Cincinnati, Ohio, on Feb. 14 to four life terms in prison, the U.S. Drug Enforcement …
About 150 current and former employees of a Pittsfield, Mass., hotel as well as hotel management have reached a $1.3 million agreement in a dispute over tips the workers claim they were entitled to but never received. The Berkshire Common …
