The U.S. Mine Safety and Health Administration has agreed to pay $1 million to settle a lawsuit over the deaths of two miners in a 2006 fire at an underground coal mine in West Virginia, according to court documents. Under …
Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …
According to catastrophe modeling firm AIR Worldwide, after striking the Philippines with high winds and floods, “a strengthening Typhoon Rammasun is set to make landfall in China between 6 and 12 UTC on July 18, 2014, as a strong tropical …
Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say the loss of of 295 lives [corrected to 298] …
Closely held companies that decide to drop insurance coverage of birth control for religious reasons have 60 days to tell their employees after they end the benefits, the Obama administration said. The Supreme Court ruled last month that the U.S. …
Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft’s value is about $97.3 million, London-based insurance broker Aon Plc, which tracks the market for aviation …
The Global Federation of Insurance Associations (GFIA) has issued a bulletin noting the organizations support for the “recommendations made by the Business 20 (B20) group on how private sector activity and investment can help the Australian G20 Presidency meet the …
A bulletin from the Association of British Insurers announces that “Brendan McCafferty has been appointed CEO of Flood Re, after a selection process run by the Flood Re directors and senior representatives from the insurance industry.” He is currently the …
Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS said. According to RMS, the expected loss covers damages to Residential, commercial, industrial properties Automobile and watercraft lines of business …
Chief Executive Insurance Services has launched an enhanced personal director’s liability (PDL) policy. Coverage is available to members of Chief Executive Group and their spouses, as well as non-members through agents and brokers. This enhanced PDL policy, issued in the …
