Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to …
Arthur J. Gallagher & Co. has acquired of Aires Consulting Group Inc., headquartered in Batavia, Ill. Terms of the transaction were not disclosed. Founded in 1985, Aires Consulting Group, Inc. (Aires) is a licensed professional architectural and engineering firm that …
Privately held insurance broker Lockton has named Tom Schaffler as president of its Chicago operation and Tom Pluss as chairman. Schaffler is responsible for setting the vision and long-term strategies for the insurance broker’s fast-growing risk management and employee benefits …
A science panel said it has found probable links between high cholesterol in mid-Ohio Valley residents and their exposure to a chemical used by a DuPont plant in West Virginia. The C8 Science Panel released its final report on studies …
Former pro wrestler Hulk Hogan entered into a legal settlement with a disc jockey over a sex tape involving Hogan and the DJ’s wife. A statement by Hogan’s publicist said the terms of the settlement are confidential. In a lawsuit …
Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians, and The Doctors Co., an insurer of physician and surgeon medical professional liability, have entered into a merger agreement in which UMIA will be acquired by The …
Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said on Tuesday. Sandy …
Ratings analysts at A.M. Best Co. said that it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood coverage in the country. For …
The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring lawsuits over their retirement plans. Without comment, the court let stand an April ruling by …
You’d think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney’s improved election prospects, but instead they’re in a quandary. Although the industry hates parts of President Barack Obama’s health care law, major outfits such as UnitedHealth …
