Thousands of people were without power as of Sunday evening in Washington state following Saturday’s wind storm. The storm knocked out power to about 150,000 people in the Puget Sound region. About 10,000 were still without power on Sunday in …
The insurance company for the city of Billings has agreed to settle a lawsuit stemming from the death of a 41-year-old man at Rose Park pool. The Billings Gazette reported that the agreement approved on Tuesday by District Judge Russell …
New York health officials say that about 100,000 individuals will have to change their health insurance under the federal health care overhaul. According to the state Health Department, those changes are required where current insurance plans don’t comply with the …
NSM Insurance Group has acquired Executive Liability Managers Insurance Brokers in California. ELM is a 25-year-old professional liability wholesale insurance brokerage with three offices in California. The acquisition diversifies NSM’s national market for admitted and non-admitted business, according to a …
Opponents of BP Plc’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are set to ask a U.S. appeals court to reverse a judge’s approval of the agreement. The agreement is unfair and …
The agent appointment process is not as simple as some think. Insurers that are not careful could find they are in legal trouble. As in so many other areas of insurer operations, due diligence is required in the handling of …
Pirates hijacking ships off the Horn of Africa and Somalia from 2005 to 2012 garnered well over a quarter of a billion U.S. dollars in ransom and used the money for criminal activities worldwide, according to a report released on …
Islamic business leaders have been told London has the ability to deliver highly rated re/insurance capacity to meet their desire to have risks covered in a Shariah compliant way. Speaking at the 9th World Islamic Economic Forum Cobalt Underwriting’s CEO …
The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited. The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto. “The …
MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance business. MMI will fund the cash acquisition of Guardrisk from its “capital buffer,” the Johannesburg-based company said in a joint …
