South Carolina has paid more than $5 million for damages from the state’s roads in the past year. The Greenville News reported that documents it obtained under the Freedom of Information Act showed the state spent more than $5 million …
CNA Financial Corp. has appointed Rocco Orlando as senior vice president of sales and distribution for the United States, Canada and Europe. He will focus on improving the company’s market position with its producers. Orlando joined CNA in November 2012 …
Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared …
A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its operating affiliates. Best also put the ICR of “a-” …
Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said. …
Insurance deal making is heating up as companies embrace a bigger-is-better philosophy. AXIS Capital Holdings Ltd.’s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of $11 billion, marks the third sizable deal for a …
Throughout the quieter parts of the French Quarter, residents and businesses have posted signs that read “Caution: Walk in Large Groups. We (heart) N.O.P.D. We Just Need More.” It’s an unsettling message about violent crime in the Big Easy for …
A central Indiana city is taking steps to reduce its liability from a popular winter activity. Muncie’s parks department has placed bales of straw around trees at the bottom of a popular sledding hill in McCulloch Park. The department also …
Oklahoma’s highest court has decided to hear a lawsuit that alleges two oil companies are liable for injuries a Prague woman suffered during a 2011 earthquake. The lawsuit by Sandra Ladra of Prague is among dozens of lawsuits filed in …
A San Antonio-based deputy U.S. marshal has pleaded guilty to wire fraud relating to an insurance fraud scheme. According to a statement from the U.S. Attorney’s office, Reynaldo Gonzalez entered his plea in San Antonio. He admitted that he filed …
