A popular mud run in Southern California has been canceled because officials don’t want to expend the water during the state’s historic drought. The Riverside Press-Enterprise newspaper reported that it would have required thousands of gallons to create the course …
Esurance has become Major League Baseball’s exclusive auto insurance partner in a multiyear agreement that includes title sponsorship of the sport’s new all-digital All-Star balloting. Neither MLB nor Esurance, which was bought by Allstate Corp. in 2011 as part of …
Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 85 percent as stock-market rallies boosted investment returns and banking revenue expanded. Net income climbed to 20 billion yuan ($3.2 billion), or 2.19 yuan a share, in the …
Part I “We’ve had a flood,” says the commercial insured. “Oh, no!” the agent says as he quickly reviews the file documentation to confirm whether flood coverage was even offered. Then the key question is asked, “What happened?” What really …
Trinity Industries Inc. was sued by shareholders alleging the company failed to disclose it made changes to its guardrail safety system without government review. At least two lawsuits were filed in federal court in Dallas accusing the company of making …
Even with historic levels of recalled vehicles in 2014, with General Motors Co. ignition switches and exploding Takata Corp. air bags leading to deaths, U.S. regulators say consumers don’t always get the message. Defective cars only get repaired about two-thirds …
Bermuda-based Arch Capital Group Ltd. reported that net income available to Arch common shareholders for the 2015 first quarter was $277.9 million, or $2.16 per share, compared to $177.0 million, or $1.30 per share, for Q1 2014. The Company also …
A broker who does not fully understand a client’s business or lacks direct links with insurers may not only fall short in advising on coverage but can cause headaches on all sides of the insurance relationship, a policyholder attorney with …
The death toll from the devastating earthquake in Nepal four days ago passed 5,000 on Wednesday as officials conceded they had made mistakes in their initial response, leaving survivors stranded in remote villages waiting for aid and relief. Over 200 …
Business technology and services provider Xchanging plc announced that the UK’s Competition and Markets Authority (CMA) has delivered its formal decision to clear the completed acquisition of Agencyport Europe. Xchanging said the acquisition would “broaden and strengthen its existing insurance …
