Oklahoma Gov. Brad Henry said state officials are working with their counterparts in surrounding states to speed the flow of power repair supplies and other provisions to communities hard hit by the ice storm in late January. “We appreciate the …
“Rates for Mining Property Damage & Business Interruption (PD/BI) insurance are likely to soften in 2010, but could harden again should this volatile sector experience a catastrophic loss, according to the latest Mining Market Review from Willis Group Holdings. Willis …
At Noon local time the Joint Typhoon Warning Center (JTWC), estimated that Tropical Storm Oli’s maximum sustained winds had reached approximately 130 mph (210 km/h), which would classify it as a category four hurricane. A report from Risk Management Solutions …
U.S. Treasury Secretary Timothy Geithner said Wednesday that insurer AIG’s multimillion-dollar bonus contracts were “outrageous,” but Congress can help recoup these payments by passing an Obama administration proposal to levy fees on large financial firms. “Those contracts were outrageous and …
A magnitude 5.9 earthquake has struck offshore Northern California at 12:20 p.m. PST, about 35 miles from Petolia and 50 miles from Eureka, the U.S. Geological Survey reported. This is the second earthquake in the area in less than a …
Willis Group Holdings has reported gains in most segments of its business in the fourth quarter and for the year ended December 31, 2009. Willis listed the following Q4 highlights: — Reported earnings per diluted share from continuing operations of …
Mark Lucas, Managing Director of U.S. RE ApS, announced that Ruslana Strunden, an actuary with extensive experience in non-life insurance and reinsurance, has joined the Company as a Vice-president, and that Henrik Skafte has been promoted to Vice-president. U.S. RE …
South Carolina’s economic recovery could be helped by new limits on lawsuits, claims a business group as state lawmakers consider legislation to do just that. The Senate Judiciary committee is weighing legislation that would broaden 2005 limits placed on medical …
A judge has dismissed a libel lawsuit filed against a Cape Cod author by the former boyfriend of murdered fashion writer Christa Worthington. Tim Arnold sued author Maria Flook in 2006, claiming in her book about the Worthington case, “Invisible …
Virginia lawmakers have passed bills that would boost the top speed limit in the state from 65 mph to 70. In the Senate, the bill passed on a 29-10 vote. Democratic Senator Creigh (Cree) Deeds of Bath County said the …
