Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale could raise as much as $322.2 million and price today, …
The expanding number of doctors offering appointments through videoconferencing, called telemedicine, is expected to see a sharp increase in Kentucky. Telemedicine is seen as a way to help deal with doctor shortages, especially in rural areas and especially with another …
Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio. What happened next is a frightening case study of how vulnerable modern economies are …
Endurance Specialty Holdings, a Bermuda-based specialty provider of property/casualty insurance and reinsurance, appointed Fred Cooper as executive vice president and head of U.S. financial institutions insurance, based in New York. Cooper will be responsible for growing this specialty insurance business …
Satellite Agency Network Group Inc., an alliance of independent property/casualty insurance agencies in the Northeast, created two new management positions within their Hampton, N.H., headquarters: chief operating officer and “AccessPlus” general manager. Filling the role of COO is Frank Waters, …
The H.W. Kaufman Financial Group announced the acquisition of ISI Insurance Services, a Uniontown, Penn.-based provider of premium audits, loss control and inspection services. ISI will join the team at US-Reports, a Kaufman company that provides premium audits, loss control …
One of Michigan’s largest utilities has agreed to pay $1 million to create a new response fund after a natural gas line exploded, killing a Royal Oak man. Attorney General Bill Schuette said Consumers Energy will spend $900,000 to help …
Oklahoma Governor Mary Fallin has called for a special session of the Oklahoma Legislature, to begin Sept. 3 for work on lawsuit reform. Gov. Mary Fallin’s executive order calls on lawmakers to re-institute components of House Bill 1603, a comprehensive …
The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held Aug. 22 from 2:30 pm – 4:00 pm in Austin. The purpose of the meeting is to inform the …
The Chicago Department of Transportation is announcing the first 12 automated speed enforcement sites as part of the city’s “Children’s Safety Zones.” Cameras will monitor speed and revenue from violations will go toward afterschool programs, anti-violence and jobs programs, crossing …
