A U.S. federal judge on Thursday approved a $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement ordered by U.S. District Court …
A cancer-causing heavy metal found in water wells near coal ash pits and other industrial sites is much more widespread and naturally occurring than previously thought, university researchers said Wednesday. The presence of hexavalent chromium is more related to volcanic …
A new bonding requirement for structured settlement factoring companies in Maryland took effect on October 1. The bonding requirement was introduced with the passing of Maryland Senate Bill 734 which specifies a number of new conditions for structured settlement transfers …
Death awaits all of us, but how patiently? To unlock the mystery of when we’re going to die, start with an actuary. Members of this 200-year-old profession who study risk and uncertainty pore over the data of death to estimate …
Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in 2016. The pilot program offers insurance cover …
If you want to see the future of New York, Tokyo, or Mumbai, look no further than West Antarctica, where a warmer sea is turning ice into water that may be headed to your doorstep. The bottom of the world …
The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors, according to Boston-based catastrophe modeling firm …
Bermuda-based RenaissanceRe Holdings Ltd. has announced several key leadership changes in its Finance function, effective Dec. 31, 2016. James (“Jamie”) C. Fraser has been named SVP, chief accounting officer, responsible for oversight of forecasting, planning and analysis; controls, financial reporting …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has launched Professional First Financial Institutions Civil Liability Insurance in Australia and New Zealand. “Many forces have shifted the risk landscape for financial institutions, from the lessons learned from the complex litigation …
An eastern Tennessee-based skilled nursing home chain has reached a $145 million settlement that federal officials called the largest ever of its kind. The U.S. Department of Justice said in a news release Monday that Life Care Centers of America …
