A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned well that exploded in 2010, setting off the Gulf of Mexico oil spill. Officials of Halliburton Energy Services …
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays Capital Global Financial Services Conference in New York last week. …
Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight. A group of regulators known as the Financial Stability Oversight Council had been weighing whether …
An earthquake with a preliminary magnitude of 5.8 struck Fukushima Prefecture in Japan early Friday morning, Kyodo reported, quoting the Japan Meteorological Agency. No tsunami warning has been issued, the news agency said. The focus of the quake was around …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Bermuda Limited (ABL). Best has also affirmed the …
AIR Worldwide’s latest report on Typhoon Usagi describes a “Category 3 storm with maximum sustained winds of 204 km/h [127.5 mph].” It is “expected to strengthen over the coming days and could become the first Category 5 storm of 2013.” …
Consumer United, a Boston-based online insurance agency and insurance exchange facility, announced the hiring of Joshua Levine as president of operations.From 1999 to 2006, Levine was the chief technology and operations officer of E*TRADE, where he was responsible for global …
Royal Bank of Scotland Group Plc is seeking as much as £630 million ($1.009 billion) from its third sale of a stake in Direct Line Insurance Group Plc, the U.K.’s biggest home and car insurer. RBS will offer 272.7 million …
Retail insurance broker, IMA Inc. has added Rob Broz as its new president in Dallas and Kathie Maley as executive vice president. Broz joined the Dallas team to lead the company’s initiatives for growth. Maley transferred from IMA’s Wichita office …
Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for physicians, clinics, and hospital groups through one company. Most group insurance facilities (i.e., risk retention groups (RRGs), captives) have several third-party service providers …
