Canada’s new rail safety legislation would make it possible for governments to recover costs from railways for any fire they cause, not just accidents that involve crude oil, said Transport Canada, a change that could force railways to pay millions …
Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net income fell to 1.22 billion …
Medical identity theft jumped 22 percent last year as more U.S. health data becomes electronic and easier for cyber criminals to steal from doctors’ offices, hospitals and insurers. Incidents of medical identity theft in 2014 saw almost 500,000 people fall …
Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell or merge their companies. Cloutier said Brit’s planned $1.88 billion sale to Prem Watsa’s Fairfax Financial Holdings Ltd., which was …
Illinois Gov. Bruce Rauner has appointed Joann Fratianni-Atsaves as the chairman of the Illinois Workers’ Compensation Commission (IWCC). She has 34 years of experience in workers’ compensation law and has previously served as both an arbitrator and a commissioner at …
The Oklahoma House has overwhelmingly approved restrictions on texting while driving, despite concerns among the measure’s strongest supporters that they don’t go far enough. House members voted 96-2 for the bill, sending it to the Senate for debate and a …
Harper County officials are grappling with how to fix a century-old courthouse that was already deteriorating before a sharp increase in earthquakes began rattling south-central Kansas. The bill just to repair the 107-year-old stairways has increased from $400,000 to $1.1 …
An insurance company that didn’t know about a medical marijuana nursery in a Bay City, Mich., basement can recover more than $130,000 paid after the house was destroyed by fire. A federal appeals court upheld a decision by U.S. District …
New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, made the remarks in a speech at Columbia Law …
Selective Insurance Group Inc. in Branchville, New Jersey, has hired Douglas T. Eden as executive vice president, head of commercial lines. Eden will assume responsibility for all aspects of standard commercial lines operations, including all regional management.
