A former BP Plc senior engineer found guilty last year of destroying evidence related to the 2010 Gulf of Mexico oil spill was granted a new trial based on his claim of juror misconduct during deliberations. Kurt Mix was convicted …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance Company Ltd. and its affiliates, as well as the ICR of “a-” and debt ratings of …
Lloyd’s has released research with the Centre for Economics and Business Research (Cebr) that ranks each team in the FIFA World Cup based on the collective insurable value of each country’s players. The total collective value is estimated at £6.2 …
Arthur J. Gallagher & Co. said it has acquired Tri-State General in Salisbury, Maryland. Terms of the transaction were not disclosed. Established in 1979, Tri-State General is a specialty wholesale and managing general agency (MGA) operation that places transportation, garage, …
Insurance consumer interest in Trusted Choice, the national brand created for the members of the Independent Insurance Agents & Brokers of America (IIABA or Big “I”), is growing, according the association’s chair-elect. David Walker, president of Hartland Insurance Agency in …
California Insurance Commissioner Dave Jones on Thursday gave a thumbs up to regulations proposed by California Public Utility Commission President Michael Peevey, which seeks broader commercial insurance coverage for drivers who use smartphone ridesharing apps from operators like Uber, Lyft …
Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of surety, reporting to David Bresnahan, executive vice president for …
Integro Insurance Brokers has acquired the assets of Newport Beach, Calif.-based employee benefits specialist Lugo & Associates Insurance Services Inc., it was announced on Thursday. The acquisition was for an undisclosed sum. “Mike Lugo and his team are a great …
Federal prosecutors say a northwestern New Jersey chiropractor has admitted destroying patient appointment records sought by federal agents investigating potential billing fraud at her medical office. Mary Jean Negri of Lafayette pleaded guilty Wednesday to obstructing an investigation of a …
The Associated Industries of Massachusetts Mutual Insurance Companies (A.I.M. Mutual), a workers’ compensation insurer based in Burlington, Mass., announced two promotions. Cheryl A. Began was elected corporate secretary and Glenn S. MacDonald was promoted to director of finance. Both positions …
