Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …
Transportation officials in Maryland plan to move flammable materials stored under bridges after a raging fire caused part of a busy interstate to collapse in downtown Atlanta. The Maryland Department of Transportation said in a news release Tuesday that the …
An insurance unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc. said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for seven years. Berkshire Hathaway Specialty Insurance Co. …
V3 Insurance Partners LLC (V3), a Newtown, Penn.-based specialty program administrator offering insurance programs targeted at middle market companies, has added two senior executives to its professional lines practice – Dan Auslander and Brad Lacey. In addition, Laura Hanisco has …
With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1 renewals. During 2016, global reinsurers generated “an acceptable, though …
Hanover Stone Partners, a risk management services firm, has established a dedicated, national practice group to help employers manage workers’ compensation costs. Barry E. Thompson, who has more than 30 years of experience in all areas of workers’ compensation cost …
Mark R. Lonneman has been named president of American Empire Surplus Lines Insurance Co. (AESLIC), a member of Cincinnati, Ohio-based Great American Insurance Group. He succeeds Fred Woebse, who recently retired. Lonneman will continue to serve as divisional president of …
The National Weather Service confirms that a tornado struck southwest Mississippi on Monday. A survey showed that a twister with top winds of 110 mph (175 kph) touched down just inside Franklin County at 12:57 a.m. It moved 17.5 miles …
Children in Florida foster care will get help obtaining a driver’s license and auto insurance under a bill heading to Gov. Rick Scott. The House unanimously passed the bill Wednesday that would make permanent a pilot program that began in …
The Food and Drug Administration has suspended a Kentucky facility after it was linked to an E. coli outbreak involving a peanut butter substitute. The Kentucky Enquirer reports the FDA suspended the facility March 28 because items produced at the …
