Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month’s final trading day on Wednesday. U.S. stock markets closed …
Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of …
New York City evacuated neighbors of a nearly completed, 90-story luxury apartment building on Monday after the top of a construction crane collapsed in high winds, prompting fears the crane’s boom could crash to the ground. With the city bracing …
Exelon Corp. declared an “alert” at its New Jersey Oyster Creek nuclear power plant due to a record storm surge, the Nuclear Regulatory Commission said, warning that a further water rise could force the country’s oldest working plant to use …
Sandy, one of the biggest storms ever to hit the United States, roared ashore with fierce winds and heavy rain on Monday near the gambling resort of Atlantic City, New Jersey, after forcing evacuations, shutting down transportation and interrupting the …
Wells Fargo Insurance Services has named Karin Marshall senior vice president and managing director for its Houston and San Antonio, Texas, offices. Marshall will manage operations for these offices, including client service and sales, cross-sell, market relations, employee development and …
Amanda Umscheid of Paxico said she’ll never get over knowing that her 19-year-old sister died while sending her a text as she drove near Manhattan, Kan., in the spring of 2009. The last thing Ashley Umscheid did before her pickup …
Significant rate increases for state-sponsored wind and hail property insurance policies that Citizens Property Insurance Corp. approved earlier this year were legal, according to an opinion by the state’s attorney general. Attorney General James “Buddy” Caldwell issued an opinion on …
Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement released by Southwest Risk did not elaborate on the nature of the dispute but Allied World in July raised …
Mercury General Corp.’s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, Calif.-based company reported on Monday. Mercury reported third-quarter net income of $66.2 million, or $1.21 per share, compared with …
