New Jersey’s Republican Gov. Chris Christie’s administration on Monday pushed back against a claim that Superstorm Sandy relief funding was withheld from a severely flooded city because its Democratic mayor wouldn’t sign off on a politically connected real estate venture. …
Progressive Corp., the fourth- largest U.S. auto insurer, said profit climbed 20 percent in the fourth quarter as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $299.8 million, or 50 cents a share, from $249.1 million, …
Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Singer Nelson Charlmers, a Teaneck, N.J.-based insurance brokerage firm providing coverages in professional liability, employee benefits, and private client personal lines. Terms …
West Virginia Gov. Earl Ray Tomblin and U.S. Sen. Joe Manchin this week proposed tighter regulations for chemical storage facilities after a spill contaminated the water supply for 300,000 people. Tomblin, the Democratic governor, urged passage of a chemical storage …
More securities class actions were filed in U.S. federal court in 2013 compared to 2012 but the increase was small. Also, the number of settlements was near a record low. According to a report by NERA Economic Consulting in New …
Minicars such as the Fiat 500 and Honda Fit performed worse than any other vehicle segment in a frontal crash test that mimics what happens when a car hits another vehicle, utility pole or tree. Of the 11 minicars tested …
The Panama Canal Authority (PCA), a Spanish-led consortium, and Zurich Insurance have come up with a possible financing deal to resolve the dispute threatening a project to expand one of the world’s most important shipping routes. The consortium of building …
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the head of Allianz SE’s reinsurance arm said. “Last year’s catastrophe activity was very light — capital from traditional and alternative …
The family of a 101-year-old man who died of pneumonia after being housed in a Montgomery nursing home has been awarded $400,000. AL.com reported that an arbitrator awarded the money to the estate of John A. Garrett on Jan. 10. …
Willis Group Holdings announced that it is creating a new global Human Capital & Benefits (HCB) Practice to be led by Tim Wright, who will add this new role to his duties as CEO of Willis International. “The practice will …
