Hurricane Sandy slammed into the New Jersey coastline on Oct. 29, bringing 80 mph winds and hurling a record-breaking 13.88-foot surge of seawater. Following the storm’s landfall, more than 7 million residences and businesses lost power across 15 states. Thousands …
As the insurance industry makes assessments for superstorm Sandy’s impact, analysts say there is now the potential for significant business interruption (BI) and contingent business interruption (CBI) losses. Fitch Ratings said that while many lines of insurance will be affected …
Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer said its quarterly results benefited from “significant …
It’s a common challenge for business professionals: how to communicate effectively and foster a culture of collaboration with colleagues — especially if their colleagues happen to be in offices hundreds of miles away. One common method is sending out mass …
Nationwide, headquartered in Columbus, Ohio, has agreed to settle litigation related to its merger with Pennsylvania-based Harleysville Insurance. The $26 million settlement relates to In re Harleysville Mutual, a consolidated class action and derivative suit related to the merger of …
Halloween is just around the corner – and this is the peak season for haunted attractions across the country. And amid all the fake blood and gore, insurance plays a critical part in protecting these businesses against lawsuits and bodily …
Nationwide has agreed to settle litigation related to the merger with Harleysville Insurance. The $26 million settlement relates to In re Harleysville Mutual, a consolidated class action and derivative suit related to the merger of Nationwide Mutual and Harleysville Mutual …
Hydrofracking has become a hot-button issue in New York State. Government agencies have been researching for the past four years the potential environmental impact of permitting hydrofracking in Marcellus Shale, which is spread across the Southern Tier and Finger Lakes …
This year six agencies in all received top honors as a Best Agency to Work For. The Best Agencies to Work For in 2012 include: Bryan Insurance Agency, Graham, Texas; Meyer & Cook Insurance, Walnut Grove, California; Walker Myers Insurance …
We have a news item in this Sept. 24 issue, on page 8, that marks a milestone for one of the most talked about U.S. corporations in recent times. For the first time since its $182 billion bailout by the …
