Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt. Logan Re, which was formed in early 2013, …
Lockton added Jackie Sukiasian as an account executive and member of Lockton’s trade credit and political risk team in Southern California. Sukiasian will operate out of the Los Angeles office. Prior to Lockton, Sukiasian worked at Willis Financial Solutions, where …
In response to the increasingly constricted habitational insurance market, Marsh has created a new property insurance facility designed specifically for those who own or are investors in multifamily properties. Marsh’s PRIME Habitational Property Insurance Facility was developed in collaboration with …
In a case involving the Mississippi attorney general suing liquid-crystal display (LCD) makers on behalf of citizens of his state, the U.S. Supreme Court has unanimously ruled states’ claims against corporate defendants on behalf of their citizens may be pursued …
The U.S. Supreme Court gave multinational companies a stronger shield against lawsuits, throwing out a case against Daimler AG over a company unit’s alleged collaboration in torture and killings in Argentina. The justices unanimously said the parent company didn’t have …
Bangor, Maine-based Cross Insurance has acquired the assets of two insurance brokers – Willis of Northern New England Inc., and The Insurance Exchange Inc. of Stamford, Connecticut. Formerly known as the Dunlap Agency, Willis of Northern New England is a …
A chemical spill that left 300,000 people in West Virginia unable to drink their water is reviving calls for more stringent regulation of thousands of chemical storage sites in the U.S., especially those near water supplies. The Freedom Industries Inc. …
Residents in a suburban Buffalo neighborhood are dealing with the aftermath of weekend flooding that has left dozens of homes damaged. Local media outlets report that about 70 homes in West Seneca’s Lexington Green section sustained damage when Buffalo Creek …
A New York City lawmaker is proposing a new fire-safety requirement for high-rise apartment houses after a playwright died trying to flee a blaze in his building. City Councilman Corey Johnson told The Wall Street Journal the measure would require …
U.S. cities and towns won’t be required to provide health insurance for volunteer firefighters, a reprieve from federal Obamacare rules that fire departments had said would be financially devastating. Volunteer emergency workers will be made exempt from a requirement that …
