February 8, 2016
A South Dakota woman accused of setting fire to her own bar to get more than $300,000 in insurance money has been convicted of arson. Attorney General Marty Jackley says a jury found Road House Bar and Grill owner Lori …
February 8, 2016
Ames & Gough, a specialty insurance broker based in McLean, Virginia, has promoted Allison W. Barefoot to vice president from assistant vice president. She is based in the firm’s McLean headquarters office.
February 8, 2016
Wichita officials say the city suffered more than $100,000 in damage from two earthquakes in early January. The Wichita Eagle reports the city will pay for the repairs out of its operating budget because the city’s earthquake insurance deductible is …
February 8, 2016
New Jersey on Friday, Feb. 5, filed a lawsuit against Volkswagen AG and its luxury units over the German automaker’s excess diesel emissions, becoming the fourth U.S. state to take legal action. New Jersey’s acting attorney general, John J. Hoffman, …
February 8, 2016
Entergy Corp. said elevated levels of radioactive material found in groundwater at the 2,000-megawatt Indian Point nuclear power facility north of New York City don’t pose a threat to public safety. Increased levels of tritium, a radioactive isotope of hydrogen, …
February 8, 2016
Chubb Chairman and CEO Evan Greenberg believes opportunity and incentives will encourage most executives to stay with the insurer in the wake of its recently completed mega-merger. “I don’t kid myself. We’re not going to keep everybody,” Greenberg said during …
February 8, 2016
Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of the leaders of its marine team, with immediate effect. Mark Edmondson, formerly head of marine for legacy Chubb Syndicate 1882, has been appointed as head of …
February 8, 2016
President Barack Obama is having a tough time winning friends for his Cadillac tax. His plan to dial back the unpopular Obamacare tax on high- cost health plans, to be detailed in the fiscal 2017 budget he’ll release Feb. 9, …
February 8, 2016
Advertisers played it safe and light with the most expensive ever Super Bowl ad slots on Sunday, shunning previous years’ attempts to be outrageous, emotional or thought-provoking. Mountain Dew rolled out a creature made from a puppy, a monkey and …
February 8, 2016
Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published by A.M. Best. Free reserves are at record …