The Property Casualty Insurers Association of America (PCI) has elected Duff Wallace, president and chief executive officer of Southern Farm Bureau Casualty Insurance Co., to its board of governors. Wallace assumed the responsibilities of president/CEO of Southern Farm Bureau Casualty …
The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to executives who spoke at the Insurance Information …
Chubb Insurance Company of Europe SE announced the launch of the new edition of its MasterPackage for Technology Companies policy. It described the product as a “comprehensive first and third party policy to cater for the unique insurance needs of …
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft U.N. report showed on Wednesday. A 29-page summary …
U.S. Sen. Jay Rockefeller is seeking more funding for the U.S. Chemical Safety Board following a spill in West Virginia that tainted the water supply for about 300,000 residents. Rockefeller says in a news release that he has asked the …
A federal judge has denied a request from Kmart Corp. to file a corrected report on testimony of its engineering expert in a lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson ruled …
Neiman Marcus Group Ltd. is being investigated by states including Connecticut and Illinois over the theft of customer credit-card data by hackers, and a bank sued Target Corp. for its data breach during the holiday season. Connecticut Attorney General George …
National Football League’s $914 million settlement of claims tied to player concussions was denied preliminary approval by a federal judge who said she is concerned that not all players will be paid. U.S. District Judge Anita Brody in Philadelphia yesterday …
Tokyo Electric Power Co. won the support of the government and banks for a plan to rebuild its business, the latest step in the recovery from the nuclear disaster three years ago that almost destroyed the company. The agreement between …
Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss Re Ltd. “When they happen, they are more severe,” he said today at a presentation in Zurich. More losses occur …
