XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The estimated losses are roughly evenly split between …
The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly …
California-based insurtech company Hippo has formed a strategic partnership with Spinnaker Insurance Co. to expand its product offerings into new states. Hippo offers homeowners insurance through an online platform, as well as protection for possessions like appliances, consumer electronics and …
The Kentucky Department of Insurance’s (DOI) Consumer Protection Division returned over $15 million to Kentucky consumers during 2017, the department said in a statement. Consumers received over $10.5 million in restitution through the work of DOI’s Market Conduct Branch, which …
The country’s largest electricity company will pay an $84,000 penalty and work to stop potentially toxic waste from three North Carolina coal-burning power plants from leaking into groundwater and nearby rivers under a deal with state regulators announced Tuesday. The …
Two fraternities at East Carolina University have been closed by their national organizations following investigations into alcohol and hazing infractions. Local media outlets report school officials announced Monday that Delta Chi National Fraternity will close its local chapter immediately for …
The Main Street America Group has promoted Darryl Osman to vice president of personal lines. Osman remains based at the company’s home office in Jacksonville, Fla., and reports to Dan Gaynor, the company’s chief underwriting officer. In his new role, …
Criminal manslaughter charges have been filed against the owner of a Seattle, Wash.-area construction. The King County Prosecuting Attorney’s Office filed second-degree manslaughter charges against Phillip Numrich, the owner of Alki Construction, in connection with the death of Harold Felton. …
CAL Insurance & Associates Inc. has named Abby Baldini an account manager. She joins the firm’s employee benefits team. Baldini was the owner of a State Farm agency in the Bay Area prior to CAL. CAL Insurance is an independent …
Engineers are investigating why five limestone panels that had been attached to the building being renovated in downtown Oklahoma City came loose and fell 22 floors to the street below. No one was injured when the panels fell from the …
