Canadian investor Prem Watsa, dubbed the “Warren Buffett of the North,” has nearly doubled his company’s stake in embattled BlackBerry maker Research In Motion Ltd (RIM) to just under 10 percent, according to a regulatory filing. The move makes Watsa, …
China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both at home and abroad as part of efforts to broaden their investment scope, according to a set of draft regulations …
Japan’s All Nippon Airways said on Monday it grounded part of its fleet of 787 Dreamliners after tests revealed a risk of engine corrosion, but Boeing Co, the aircraft’s manufacturer, said it does not expect the timing of deliveries of …
According to catastrophe modeling firm AIR Worldwide, on Saturday, July 21, a heavy storm in China delivered as much as 18 inches [45.72 cms] of precipitation to parts of the country in and near the capital of Beijing (population 20 …
Pioneer Underwriting, which conducts business in partnership with Liberty Syndicates, has launched a new specialty unit, Pioneer PI that will commence underwriting on August 1, 2012. The new platform will be a Lloyd’s registered consortium and will write both international …
Catastrophe risk modeling firm AIR Worldwide announced the expansion of its suite of catastrophe models for Australia “with the release of the industry’s first probabilistic bushfire model and updated tropical cyclone and earthquake models.” Dr. Jayanta Guin, senior vice president …
Warwick, RI, 07/24/12 – Astonish, a Digital Marketing Company catering to Local Insurance Agencies, Financial Services and Group Benefit firms, MGA’s, Aggregators and Carriers recently launched a new website www.Astonish.com to educate prospective and existing clients on their line of …
The idea of creating a statewide DWI tracking system in Louisiana is gaining steam again. The Advocate reports that the 2004 death of an ambitious Louisiana project called the Integrated Criminal Justice Information System dashed hopes for a statewide DWI …
Homeowners in Vinton, La., can expect lower insurance rates after the rating for the town’s fire department was raised. KPLC reports the Property Insurance Association of Louisiana raised the department’s rating to Class 3 from its previous Class 4 on …
The Supreme Court of Ohio has ruled that a corporation can’t avoid paying the legal defense expenses of a corporate director who is sued in his or her capacity as a director by claiming that the director’s misconduct, if proven, …
