Monthly Archives: <span>July 2016</span>

Relatives of Rivera Entourage Get $70M Judgment in California

The families of four members of Jenni Rivera’s entourage who were killed along with the Mexican-American superstar in a 2012 plane crash are entitled to $70 million, a judge has ruled. Los Angeles Superior Court Judge Holly Kendig entered a …

Relatives of Rivera Entourage Get $70M Judgment in California

The families of four members of Jenni Rivera’s entourage who were killed along with the Mexican-American superstar in a 2012 plane crash are entitled to $70 million, a judge has ruled. Los Angeles Superior Court Judge Holly Kendig entered a …

California Jury Awards $16.3M to Family of Construction Worker

A Los Angeles jury has awarded $16.3 million to the family of a construction worker who fell to his death at a wastewater treatment plant. City News Service says the Superior Court panel this week found for Rosa Gonzalez and …

Gunmaker Remington, Sued by Sandy Hook Victims, Wants Documents Sealed

A Connecticut judge will hear arguments on whether gun maker Remington Arms’ company documents should be sealed from public view as it fights a lawsuit filed by families of some of the victims of the 2012 Sandy Hook Elementary School …

Brokers Assess Current Construction Insurance Market: Thumbs Up

Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers maintaining a market favorable to buyers, especially those …

CastlePoint National Conserved by California Regulator to Protect Policyholders

CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers covered under policies issued by CastlePoint and …

AIG Offers Brexit Coverage in UK for Anxious Executives

American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the product launch, which …

U.S. Moves to Guard Blood Supply After Reports of Zika Virus in Florida

The U.S. Food and Drug Administration has ordered all blood collection centers in Florida’s Miami-Dade and Broward counties to stop collecting blood as state health department officials continue to investigate four possible cases of local transmission of the Zika virus. …

Hartford Net Income Down 48% in Q2 on Weakened Underwriting Results, Investment Income

The Hartford reported net income of $216 million in second quarter 2016 ended June 30, a decrease of $197 million or 48 percent from second quarter 2015, principally due to lower property/casualty underwriting results and lower net investment income. The …

AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership

AXA, Alibaba and Ant Financial Services have formed a global strategic partnership to explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce platforms. The companies plan to work together to develop products and services, while developing …