A federal judge has sentenced a 55-year-old Utica, N.Y., man to nearly two years and prison and ordered him to help pay $1.4 million in restitution for his role in staging vehicle crashes for insurance money. Judge Norman Mordue has …
An Indian ship carrying Iraqi crude has been detained by Iran in its territorial waters due to pollution concerns, the head of the refiner buying the oil and India’s shipping directorate said on Thursday. The Desh Shanti was carrying 140,000 …
Aon Risk Solutions, the global risk management business of Aon plc, announced enhancements to Bermuda Shorts, which it described as “an excess liability follow form policy that answers the demand for greater contract certainty and consistency of coverage.” Aon Bermuda …
Bermuda-based Ironshore Inc. announced that Stuart Anderson, CEO of Iron-Starr Excess Agency Ltd., is “relocating for personal reasons and therefore stepping down from his position.” He will “continue to work closely with Ironshore in cooperation with the Ironshore Executive Management …
According to a World Economic Survey (WES) carried out by the Paris-based International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo, “the world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and …
Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was “challenging” after natural catastrophe losses cut second-quarter profit by 27 percent. Net income dropped to $789 million from $1.09 billion a year ago, …
Mississippi is on pace once again to have the lowest number of fire deaths on record. State Chief Deputy Fire Marshal Ricky Davis told The Clarion-Ledger 62 people died in fires last year, with 37 of those deaths occurring by …
A federal judge this week threw out race discrimination claims by a former Savannah restaurant manager whose lawsuit against Paula Deen has already cost the celebrity cook a valuable chunk of her culinary empire. Lisa Jackson sued Deen and her …
The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to wildfire-prone areas in ever greater numbers. …
Specialist lines underwriting agency CFC Underwriting has upgraded its management liability policy, ExecSurance ML. ExecSurance ML is a management liability policy designed specifically for the needs of the modern day small- and medium-sized businesses. Brokers and their clients can pick …
