U.S. Sen. Charles Schumer (D-NY) says privately operated drone aircraft are posing a threat to safety and privacy and should be regulated by the federal government. The Democrat says New York has become “the wild west” for private drones since …
CNA Financial Corp. announced it has completed completion the sale of Continental Assurance Co. (CAC) to a subsidiary of Wilton Re Holdings. Additionally, Wilton Re Bermuda Limited will reinsure all of the run-off structured settlement annuities reinsured by a Bermuda-based …
Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s property/casualty operations dipped 1.6 percent (before taxes). Pretax underwriting profits overall—for …
When neighbors in Kingsport, Tennessee went to help a man whose home bore the brunt of a tornado, they made a discovery police say couldn’t have been caused by the wind. Police spokesman Thomas Patton told WBIR-TV in Knoxville that …
One of the country’s largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn’t appear to exist. Harwood Service Co. has no website, no independent offices and only …
Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the previously-announced acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha, Nebraska. PPIC was formerly owned by 18 Catholic healthcare systems, seven of which are …
The Guardian Life Insurance Company of America said it has completed its previously announced acquisition of Sacramento, Calif.-based Premier Access Insurance Co., a provider of dental coverage serving more than 5,000 employers and 630,000 members. The addition of Premier Access …
Heidi Strommen, president of ProHost, has been elected to serve as president of the Target Markets Program Administrators Association (TMPAA) following the completion of current President David Springer’s term in January, 2015. Strommen began her insurance career as a policy …
A strong earthquake in southern China’s Yunnan province toppled houses on Sunday, killing dozens of people and injuring more than 100, officials and state media reported. Yunnan’s seismological bureau said 24 people died and more than 100 were injured in …
Colorado State University (CSU) researchers continue to predict a below-average hurricane season for the Atlantic basin in 2014, citing exceptionally unfavorable hurricane formation conditions in the tropical Atlantic combined with the likely development of a weak to moderate El Niño …
