Allstate Corp. estimated that it had $440 million in pre-tax catastrophe losses for the month of May 2014 —or $286 million after taxes. The Northbrook, Ill.-based company said 11 events contributed to May losses, at an estimated cost of $400 …
Florida’s passage of a homeowners’ claims bill of rights left few satisfied after lawmakers largely codified current law while avoiding controversial issues such as the practice of policyholders assigning their claims payments to contractors. The bill of rights was a …
In less than five seconds after hearing gunfire, almost 60 faculty and staff cleared the media room at Mason County Intermediate School in Mayside, Kentucky, through only two exits, or into locked rooms, away from where the shots came from. …
Moped drivers across North Carolina will have to register their bikes by next summer if a House measure approved last week becomes law, which opponents say would hurt low-income people who have no other means to get around. The bill …
President Barack Obama‘s new health secretary moved swiftly on Friday to shore up administration oversight of Obamacare with a series of management changes to address weaknesses blamed for last year’s crash of the federal website, HealthCare.gov. U.S. Health and Human …
Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month. Mercer Africa Ltd., a subsidiary of New York-based Marsh …
Pittsburgh Mayor Bill Peduto is defending two ride-sharing companies that the Pennsylvania Public Utility Commission’s Bureau of Investigation and Enforcement has recently threatened with fines and cease-and-desist orders. The PUC filed the cease-and-desist orders on June 16 against San Francisco-based …
Global insurance broker Lockton announced that Gordon Duncan has joined the firm as the head of as head of its corporate risks team in Scotland in a move marking a “substantial expansion of its risk advisory capabilities in Scotland.” Duncan …
AssureStart, the technology startup that sells small business insurance coverage on the internet, has opened for business in Colorado, Missouri and Oregon with plans to expand into additional states this year. AssureStart serves small businesses with one to 30 employees. …
Eleven states in the eastern U.S. will share $102.7 million in grants from the federal government to protect against future storms, with the greatest amount of funded projects in New Jersey and New York. The U.S. Department of the Interior’s …
