The top New York court says property insurance against vandalism includes coverage for malicious damage that isn’t specifically aimed at the insured property. The ruling comes from a claim by Georgitsi Realty, owner of a four-story apartment building in Brooklyn, …
A new study shows 137,800 low-income Mississippians fall into a health insurance “coverage gap.” They’re currently uninsured. They earn too much to enroll in Medicaid but too little to qualify for government subsidies that would reduce their cost of buying …
As federal health officials work around the clock to fix technology glitches plaguing the website where U.S. citizens can obtain health insurance under the new federal law, many Floridians still have little understanding of how the law works. Trained counselors …
Alabama has received a federal grant of nearly $636,000 to help homeowners in the state’s two coastal counties retrofit their homes against wind damage. State officials and officials from Mobile and Baldwin County announced the grant last Friday in Mobile. …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The ratings of QBE Optima reflect its “solid risk-adjusted capitalization, profitable …
The European Union and Canada agreed a multibillion-dollar trade pact on Friday that will integrate two of the world’s largest economies and pave the way for Europe to clinch an even bigger deal with the United States. The deal will …
“I don’t think there have been any big changes between Monte Carlo and Baden-Baden,” said James Vickers, chairman of Willis Re International. This isn’t that surprising, given that the two reinsurance meetings are only a little more than a month …
A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of 75 percent.” The world’s …
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting a profit, as demand …
Australia’s most populous state declared an emergency as wildfires tore through bush land west of Sydney, destroying hundreds of homes and threatening mountain townships. New South Wales State Premier Barry O’Farrell signed the order late yesterday, giving emergency services personnel …
