The season’s first major winter storm has dumped snow throughout southern New England and caused slippery road conditions. Snow fell for hours on Saturday morning. The National Weather Service reports snowfall ranged from just under three inches in southeastern Massachusetts …
A 48-year-old man convicted of killing his fiancee to collect on her life insurance has been sentenced to 60 years in prison. Federal prosecutors said Thursday that Ronald Epps of Amherst was sentenced in U.S. District Court in Buffalo. A …
Pennsylvania Insurance Commissioner Teresa Miller has advised consumers to plan ahead and review their homeowners and auto insurance policies as winter weather conditions like snow, sleet and ice become more frequent. “Winter is coming, and it is important that you …
The wing on Facebook Inc.’s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft and its autopilot overcompensated seconds before touchdown on its maiden flight, a U.S. investigation has concluded. The end section of …
XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a …
Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of London. AXIS said it has taken 31,500 square feet …
Aspen Insurance Holdings Ltd. announced that Richard Thornton has been appointed to the newly created position of group chief operating officer. Thornton will undertake this new role in addition to his responsibilities as group head of strategy, said the company, …
If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe weather-related events in the state: increased …
Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest purchase. Fairfax will pay $54 per share, which is …
