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Cooper Gay Swett & Crawford Launch MGA for Lumber, Building Materials Market

Cooper Gay Swett & Crawford (CGSC) Group North America has launched The Insurance Center for Building Materials (ICBM), a new managing general agency addressing the risks associated with lumber and secondary forest products companies, as well as building materials manufacturers …

AXIS Says Debt-Free Merger With PartnerRe Paves Way for More Deals

The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new firm with ample capacity to …

California Commission Fines PG&E $530K For Safety Violations

The California Public Utilities Commission has fined Pacific Gas & Electric $530,000 for safety violations it says it found during audits that began in 2012. The commission says in a Friday statement that the fines include $430,000 for failing to …

Montana Man’s 11th DUI Gets 50 Years

A 49-year-old Helena, Mont. man who has been convicted of 11 drunken driving offenses has been sentenced to 50 years in prison. The Independent Record reported District Judge Kathy Seeley sentenced Shawn Kevin Smaage last week, saying he would have …

California Suit Against Boy Scouts Could Reveal Sex Abuse Claims

A sex abuse case claiming negligence against the Boy Scouts is getting underway in California and will include the use of previously undisclosed information from “perversion” files kept by the organization. The lawsuit was filed by a man who is …

N.Y. Region Revives With Travel Bans Lifted as Blizzard Fizzles

The New York region lurched back to life after a storm advertised as a potentially life-threatening blizzard ended up as a mundane winter snowfall. Travel bans for automobiles in New York and New Jersey were lifted and New York City’s …

Supreme Court Backs Employer on Retirees’ Pay for Health Benefits

The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On …

BP Witness Praises Oil Spill Response at Fines Trial

BP Plc “conducted an extraordinarily effective response” to the 2010 Gulf of Mexico spill, the company’s first witness testified Monday as the oil producer sought to minimize potential pollution fines. BP immediately mobilized people and equipment and recovered spilled oil …

5 Risk Management Tips for the NFL Just in Time for Super Bowl

It’s been a rough year for American football. The National Football League has been plagued with a series of scandals. Commissioner Roger Goodell frequently seems befuddled, and it’s hard to discern any “plan” by the NFL other than to lawyer-up …

Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners

North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved. The StarNews of Wilmington reported insurance companies are sending “consent …

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