Farrah Carlton and Gary Lindsey have been named partners at Dallas-based Hotchkiss Insurance. Carlton has been with Hotchkiss for more than 20 years, receiving several promotions during her career with the firm. She currently serves as the vice president of …
The cost of federal flood insurance is expected to rise for thousands of Houston-area homeowners as Congress looks to overhaul a program that’s billions of dollars in debt. The National Flood Insurance Program provides coverage to more than 300,000 homes …
Seattle’s first-in-the-nation law allowing Uber Technologies Inc. drivers to unionize survived a legal challenge by the ride-hailing company. Washington state Judge Beth Andrus rejected Uber’s arguments that the local collective bargaining process for drivers who work for ride-hailing companies and …
The Travelers Companies Inc. has estimated impact of the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, from +2.5 percent to -0.75 percent. Travelers …
A U.S. judge formally approved Peabody Energy Corp.’s plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary. Under a last-minute …
Lawyers representing tens of thousands of Royal Bank of Scotland (RBS) shareholders have held tentative talks to settle a 1.2 billion pound ($1.5 billion) damages claim over the lender’s 2008 rights issue that was launched shortly before a state bailout, …
The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism. Europe has “very cheap assets” …
The Bank of England will spell out more clearly what insurers should be doing to protect policyholders such as the elderly after a report called for clearer safeguards. The BoE’s Independent Evaluation Office (IEO) looked at how the central bank’s …
Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought. This tailor-made approach …
The former cashier at a Pennsylvania monuments and engraving firm has acknowledged stealing nearly $13 million over 16 years and is hoping a judge will approve a seven-and-a-half-year federal prison sentence for her crimes. Cynthia Mills’ defense attorney, Phil DiLucente, …
