Nearly 9,000 homes and other buildings will remain in the floodplains of four Houston-area waterways despite multimillion-dollar flood control projects. Momentum built last month to finish the projects on Brays, Hunting and White Oak bayous and Clear Creek after Congress …
Matthew C. Wilcox has been hired as executive vice president of personal lines at Columbus, Ohio-based Motorists Insurance Group. Wilcox has more than 30 years of insurance industry experience. He most recently served as a senior vice president with MAPFRE …
S&P Global Ratings placed France’s AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the mega-deal could do to AXA’s capital reserves. At issue …
A nearly-century-old Southern California hospital that sits on an active earthquake fault will close because it can’t meet state earthquake safety requirements, officials said this week. Community Medical Center Long Beach announced it has submitted a four-month lease termination notice …
Greenlight Capital Re Ltd., a Cayman Islands-based specialist property and casualty reinsurance company, has launched an innovation unit called Greenlight Re Innovations. Headed by Greenlight Re’s Chief Operating Officer Michael Belfatti, the new unit will use technology, data and new …
One problem with self-driving cars is people. The Los Angeles Times reported that of six crash reports filed in California so far this year, two involved a person attacking a robot car. Both incidents happened in San Francisco, according to …
California Insurance Commissioner Dave Jones has issued a cease and desist order against Access Insurance Co., which requires it to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the …
A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last …
Getting sued is not an uncommon event for physicians. More than a third of physicians (34 percent) have had a claim filed against them at some point in their careers. Also, according to research from the American Medical Association (AMA), …
The ride-hailing company Uber broke Pennsylvania law when it failed to notify potential victims, including thousands of drivers, for a year after it discovered hackers had stolen their personal information, said the state attorney general, who sued the company Monday. …
