In the wake of the partial closure of a heavily traveled bridge in northern New Jersey last week, the state’s Transportation Commissioner Jamie Fox warned that the state’s failing roads and bridges cost drivers billions of dollars as the state …
XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive of XL Group’s Global Professional team, potential defense costs …
Willis North America announced the appointment of Joe Peiser as head of Casualty Broking. In this newly created role, Peiser will be responsible for the strategic direction of Willis North America’s casualty insurance offerings including workers’ compensation, primary and excess …
Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance, said it hired Darryl DeSouza from American International Group …
Reopen Broadway, start up the trains, get the commuters back on the road. The great New York City blizzard of ’15 was a bust. Not that there was no snow — Manhattan’s Central Park had 7.9 inches (20 centimeters) as …
The Bermuda Stock Exchange (BSX) has issued a lengthy defense of its primary position as the “domicile of choice” for insurance linked securities (ILS); pointing out that 57 percent of such securities issued in 2014 were handled on the island, …
Texas state Rep. Chris Turner, House District 101- Grand Prairie, has filed a measure that would clarify the definition of “claimant” in respect to a health care liability claim. HB 956 stems from the Texas Supreme Court’s decision in the …
Oklahoma Sen. Ron Sharp has filed legislation to address the state’s high number of uninsured motorists especially those with DUI convictions. Senate Bill 260 would require an individual convicted of Driving Under the Influence (DUI) to have valid auto insurance …
A wholly owned subsidiariy of Enstar Group Ltd. has completed its acquisition of Companion Property and Casualty Insurance Co. from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and …
When a 300-year-old Stradivarius violin valued at more than $5 million was stolen from Milwaukee Symphony Orchestra concertmaster Frank Almond last year, investigators initially believed the theft may have been the work of sophisticated art thieves. The truth turned out …
