The Travelers Companies boosted its net income for the quarter ended March 31, 2018, by 10 percent to $669 million compared to $617 million in the prior year quarter despite unusually high catastrophe losses in March. Catastrophe losses in the …
The San Francisco Bay Area is falling behind on efforts to retrofit buildings that are vulnerable to collapse during a major earthquake, according to a newspaper analysis. The Los Angeles Times reported that there are up to 3,000 brittle concrete …
An Oregon woman paralyzed from the waist down after an intoxicated friend’s vehicle crashed into a house has filed a lawsuit against six businesses that she says served alcohol to the driver before the accident occurred. The Register Guard reports …
Hub International Ltd. has acquired the assets of Spokane, Wash.-based BK-JET Group LLC. Terms of the deal were not disclosed. Joining Hub Northwest are BK-JET’s founding partners Josh Tyndell, Erin Repp, Tom Blue, Keith McNally and Bill Dinneen, along with …
JLT Specialty USA has added Bill Creedon and Jeff Burns as partners who will be based in Denver, Colo. The additions support JLT’s partnership with Construction Risk Partners. As part of CRP’s national leadership team, Creedon and Burns will lead …
Fire officials say a blaze that injured two firefighters did more than $1 million in damage to a New Jersey home. The Press of Atlantic City reports that the fire at the three-story Ventnor Heights home was reported shortly after …
Nearly $3 million in additional relief funding is going to communities in five upstate New York counties along Lake Ontario to help them recover from last year’s flooding. Gov. Andrew Cuomo announced Monday that the state had awarded $2.9 million …
Delaware State Police are investigating a carjacking set up by an intentional motor vehicle crash. Authorities say the incident happened Wednesday night on state route 71 in Bear when a woman’s car was rammed from behind by another vehicle. After …
Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours trading. Einhorn, who is known to move …
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …
