A proposal in the Louisiana Legislature to reduce the maximum deductible on named storms and require winds in excess of 125 miles per hour before the deductible could be applied would likely result in higher insurance costs for consumers if …
Standard & Poor’s Rating Services announced on April 1, 2014 that it has affirmed its ‘B’ rating for Cooper Gay Swett & Crawford Ltd., but has revised its outlook on the rating to negative from stable. The ratings announcement brought …
When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …
Enstar Group Limited and Stone Point Capital LLC announced the completion of the acquisition of global specialty insurer, Torus Insurance Holdings Limited, originally agreed to in July 2013. The announcement added that Torus has also appointed Patrick Tiernan as Executive …
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled investors. In the first extensive interview since her husband’s …
A major earthquake measuring magnitude 8.2 struck off the coast of northern Chile on Tuesday, causing five deaths and triggering a tsunami that pounded the shore with 2 meter [app. 2 ½ feet] high waves. Officials said the dead included …
The New York State Workers’ Compensation Board had filed a $79,000 judgment against comic Tina Fey on March 20 for an alleged “failure to carry workers’ comp ins.,” for a period from Nov. 20, 2012, to Feb. 02, 2014, according …
A tsunami warning could be issued for Hawaii due to a magnitude 8.0 earthquake that struck on Tuesday off the coast of Chile, U.S. officials said. If tsunami waves reach Hawaii they would strike at 3:24 a.m. (9:24 a.m. ET) …
A coalition of tourism entities, commercial property owners and insurers are calling on state legislators to support a resolution urging Congress to extend the Terrorism Risk Insurance Act. AJR 34, authored by Assemblyman Ken Cooley, D-Rancho Cordova, will be heard …
General Motors Co. has retained Kenneth Feinberg, who supervised claims funds after the BP Plc oil spill and other calamities, as a consultant to explore options for families of accident victims whose vehicles are being recalled for ignition-switch defects. Calling …
