BP Plc. won the right to move ahead with implementing the medical-benefits portion of its $9.2 billion settlement of oil spill claims with Gulf Coast residents after an appeals court dismissed the remaining plaintiffs at their request. Several groups of …
A bill to allow concealed deadly weapons in Kentucky bars has passed its first committee hearing in the Legislature. The Senate Licensing and Occupations Committee approved the measure Tuesday. The bill’s sponsor, Republican Sen. John Schickel of Union, is the …
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, 2013 Catastrophe Review concludes that “natural catastrophes and man-made disasters in 2013 resulted in insured losses of approximately $40 billion. Following …
Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions. Confirmation of a …
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and Development said. The 42 countries committed to …
Zurich Insurance Group AG, the biggest Swiss insurer, reported fourth-quarter profit that missed analysts’ estimates after restructuring charges following a business review. Net income rose 9 percent to $1.07 billion, the company said in an e-mailed statement from Zurich today. …
Bermuda-based Argo Group International Holdings, Ltd. announced its financial results for the fourth quarter of 2013 and for the full year. Highlights for the fourth quarter ended December 31, 2013 were listed as follows: – Gross written premiums were $412.9 …
Greenville, South Carolina has banned texting while driving. The city council voted this week to make it illegal to use a hand-held device while driving. The ban taking effect April 1 also applies to vehicles stopped in traffic or at …
Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …
Pacific Specialty Insurance Co. in California has promoted Brian Weaver to senior vice president of sales. Weaver heads the company’s efforts working with the independent brokers and agents who sell the company’s products in California and nationally. He was vice …
