The planned reopening of a massive Los Angeles natural gas storage facility that spewed methane for months has only renewed the fight over its future. California state officials this week cleared the way for resumption at reduced capacity in the …
The Senate Republican health bill promises lower premiums for consumers. To get there, it would require patients in standard plans to spend as much as about $13,000 upfront on their own care. The deductibles would be so high, in fact, …
A western New York city won’t be getting state aid to cover the costs linked to a massive fire at a former steel plant last fall. The blaze started Nov. 9 in a large building on the Bethlehem Steel site …
O.J. Simpson will walk out of prison in October after nine years behind bars, but he is far from free of his financial woes. The 70-year-old football star, who won his release from a Nevada parole board on Thursday after …
A Connecticut man will spend almost four years in prison for operating an investment scheme that defrauded people of more than $874,000. The U.S. Attorney’s office says 54-year-old Anthony Sciarra, of Wethersfield, Conn., was sentenced Wednesday in Hartford federal court. …
Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice chairman …
Markel Global Insurance, a division of Markel Corporation, has hired John Ferguson as a director of its New York-based U.S. Excess Casualty team. In his new role, Ferguson serves as the retail construction practice lead and is responsible for a …
A fired U.S. whistleblower investigator says his old employer didn’t take whistleblowers seriously enough. So he’s lodging a complaint — with the same ex-employer he claims doesn’t take whistleblower allegations seriously enough. Darrell Whitman was an investigator for the Labor …
Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a club-style MGA formation platform, which supports individual underwriters with smaller …
Hannover Re has completed the acquisition of the UK holding company Argenta Holdings Ltd., which owns the companies Argenta Syndicate Management and Argenta Private Capital, as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121. The …
