Rajendra K. Pachauri, Chairman of the IPCC, made the following statement to the delegates at the opening ceremony of the UN Climate Summit in New York today: Good morning. I salute His Excellency the Secretary-General for organizing this landmark event. …
Food safety advocates say a guilty verdict in a rare federal food-poisoning trial should send a stern warning to anyone who may be tempted to place profits over people’s welfare. More than five years after hundreds of Americans got sick …
Juanita Jackson died in July 2003, five weeks after she was removed from a Florida nursing home where her family said continual neglect led to multiple bedsores, malnutrition and a fall that injured her head. Trying to collect a $110 …
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is experiencing growth and strong profitability, thanks to …
Catalina Holdings (Bermuda) Ltd. has signed a definitive agreement to acquire Danielson Indemnity Company, the holding company of National American Insurance Company of California and Danielson National Insurance Company, from Covanta Holdings Corporation. At 30 June 2014, Danielson had total …
The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said. The …
Rand Merchant Insurance Holdings Ltd., which owns stakes in four insurers, hired Chris Meyer, head of RMB Morgan Stanley, as the holding company run by a former Deutsche Bank AG executive adds investment talent. Meyer will leave at the end …
A.M. Best has placed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The action follows an accepted appeal by Gulf …
Gorst & Compass Insurance has named Donna Bacarti its senior personal lines underwriter. Bacarti will manage the newly opened San Diego, Calif. branch. Bacarti has extensive personal lines experience and has been working in the excess and surplus lines industry …
New York’s City Council proposed a package of bills last Friday, Sept. 19, to slash greenhouse gas emissions, shrink the carbon footprint of city operations and reduce the number of cars on the road. The legislation, which builds on environmental …
