Annual vehicle safety inspections continue to be required in Mississippi, but there has been confusion among drivers who may have read the headlines about the law’s demise in the Legislature. It is likely that some of the 39,333 drivers ticketed …
Two wealthy New Jersey shore towns that were among the hardest hit by Superstorm Sandy nearly two years ago began building a 4-mile-long steel wall last week, an expensive effort that the state says is needed to protect the communities …
Florida’s Heritage Insurance Holdings Inc. said it has it assumed approximately $59 million in annualized premium from the insolvent Sunshine State Insurance Co. Effective June 27, 2014, the policies were assumed by Heritage’s wholly-owned subsidiary, Heritage Property & Casualty Insurance …
Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a ‘negative trend’ in its …
Onex Corp., Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a deal valued at $1.33 billion, boosting its insurance business. York Risk Services provides risk management, insurance- claims management, and managed …
Aon Affinity, the consumer, association and program business of Aon Risk Solutions, has completed its acquisition of StoneRiver National Flood Services, Inc. and related entities from StoneRiver Group, L.P. The deal was first announced in June. Financial terms were not …
Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the parties announced early Wednesday, ends securities fraud …
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system. The proposed legislation, drafted with help from the main …
Catastrophe modeling firm AIR Worldwide reported that Typhoon Rammasun made landfall in the Philippine province of Sorsogon with sustained winds of 157 km/h (98 mph) on Tuesday, July 15, in late afternoon local time. The storm is heading for Manila. …
Standard & Poor’s Ratings Services has revised its outlook on U.S.-based intermediary holding company Argo Group US Inc. (AGUS) and its U.S. operating subsidiaries to stable from negative. S&P also affirmed our ‘BBB-‘ issuer credit and senior unsecured debt ratings …
