A couple will receive nearly $1.2 million to settle their lawsuit against a Molokai condo association. Jim and Nancy Bevill claimed they became targets for abuse after attempting to elect new board leaders for the Ke Nani Kai Condominium. Two …
As 2013 winds down, Insurance Journal takes a look back at the most popular news headlines of the year. In the East region, Superstorm Sandy’s aftermath and the challenges of recovering and rebuilding were a major topic. It’s now been …
According to catastrophe modeling firm AIR Worldwide, over the last several days, a series of three winter storms (named Christian, Dirk, and Erich) cut power to hundreds of thousands of homes across the UK and France and flooded an estimated …
A tropical cyclone intensifying off northwestern Australia was on course to sweep across some of the world’s largest iron ore mines after causing giant shipping ports to close. Iron ore prices rose on Monday as shipments of millions of tons …
Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong balance sheets, relatively low loss experiences and an unprecedented …
In 2013, InsuranceJournal.com readers flocked to news about insurance carriers (Travelers, Berkshire, Liberty Mutual, Tower and others) making moves, changes in Obamacare, the fate of federal flood insurance reforms and storm forecasters coming up short. The following is a list …
Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus (E&S) lines market, Fitch Ratings said in a recent report. The U.S. E&S market, which reversed a four-year consecutive slide in direct written premiums in …
U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the end of the year. President Barack Obama extended the insurance for …
CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm Eqecat from ABS Group. Alyson Austin, CoreLogic spokesperson, said the transaction closed on Dec. 20. The …
Arthur J. Gallagher & Co. has acquired Jenkins and Associates in Springfield, Mo. Terms of the deal were not disclosed. Jenkins and Associates offers employee benefit brokerage and consulting services, such as group medical, dental, life, voluntary benefits, disability, wellness …
