Two wildfires that burned or threatened hundreds of homes in Northern California were bearing down on a small town as they plowed through more than 100 square miles of drought-stricken brush, and Tuesday brought a chance of thunderstorms and lightning …
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net written premiums grew just above 5 …
Roche Holding AG won reversal of a $2.1 million verdict by a New Jersey jury in favor of a California woman who blamed the company’s Accutane acne drug for her inflammatory bowel disease. A judge erred in the 2011 trial …
A report from A.M. Best concludes that “global merger and acquisition (M&A) activity in the property/casualty (P/C) and reinsurance industries continued at a steady pace in the first half of 2014.” Best said that, based on its research “35 P/C …
The Hilb Group has acquired The Martin Agency Inc. (TMAI) with offices in Danville, Kentucky, and Celebration and Ormond Beach, Florida. TMAI will continue to operate at its current locations under the leadership of John Carrithers. TMAI represents THG’s continued …
Swedish authorities are preparing to evacuate thousands of people as emergency services struggle to contain the biggest forest fire to hit the country since it started recording such events. The fire, near Sala about 60 miles (100 kilometers) northwest of …
The Bermuda-based Argo Group International Holdings, Ltd. reported net income for the second quarter of 2014 of $38.6 million or $1.45 per diluted share, compared to $31.7 million or $1.13 per diluted share for the second quarter of 2013. Net …
Chicago-based global insurance broker Hub International Limited has acquired the assets of Ballard Insurance Agency, a Melbourne, Florida-based insurance brokerage with coastal personal lines experience. Terms of the acquisition were not disclosed. Ballard will become part of the Hub International …
According to catastrophe modeling firm AIR Worldwide the Mw6.1 earthquake that struck south-central China’s Yunnan Province “was the strongest to strike the area in 14 years. The epicenter was near the township of Longtoushan in Ludian County, just 11 km …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $75.0 million and $1.68 per diluted common share for the second quarter of 2014 versus net income of $52.8 million and $1.21 per diluted common share for …
