Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial committed capital and will draw down $1.6 billion to commence business; it …
Two longtime analysts of Berkshire Hathaway Inc. appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder extravaganza. Jay Gelb of Barclays Capital, who rates …
Two U.S. senators on Monday urged U.S. Transportation Secretary Elaine Chao to finalize a long-delayed rule that would require the remote identification of unmanned aircraft systems, or drones. The U.S. Congress tasked the Federal Aviation Administration (FAA) in 2016 with …
Boeing Co. was sued Monday by two Canadians who lost 10 family members in the March crash of a 737 Max in Ethiopia, adding to the aircraft manufacturer’s legal woes stemming from two deadly crashes by the jet. Among the …
A settlement has been reached in a lawsuit over the 2015 landslide that collapsed a runway safety overrun at Yeager Airport in Charleston, West Virginia. The Charleston Gazette-Mail reports Yeager officials say the airport was awarded $14.8 million in the …
Appalachian Underwriters, Inc. has hired transportation broker Mary Kidd to focus on large commercial transportation accounts in its Sarasota, Fla., office. Kidd will work with accounts with more than $25,000 in premium, across all states. Kidd comes to AUI with …
A Florida man believed to be responsible for multiple fires in the Umatilla area of Lake County, Fla., has been arrested, according to a statement by Florida CFO Jimmy Patronis. James Anthony Bennett was arrested this month on four counts …
Everest Insurance has released a new Everest Elevation Management Liability Policy, which provides comprehensive coverage for publicly traded companies across all industries. Everest Elevation joins the insurer’s management liability primary product suite. According to Keith Lavigne, head of Financial Lines …
The California workers’ compensation marketplace today remains generally healthy for insurers, employers and injured workers, the chief of the Workers’ Compensation Insurance Rating Bureau of California said in an open letter on Monday. The WCIRB continues to experience the “overwhelmingly …
An Oregon woman who lost both legs after being hit by a freight train has filed a lawsuit against several railroad companies. The Oregonian/OregonLive reported that Cindy Rodriguez filed a $33.8 million lawsuit April 19 against Union Pacific Railroad Company, …
