The four largest U.S. railroad companies won their bid to reverse a ruling that turned a price- fixing lawsuit against them by shippers into a group lawsuit with potential damages of at least $10 billion. A three-judge panel of the …
Just down from the Target and Gander Mountain big-box stores and between a nail salon and dental office in Morrisville, North Carolina’s largest health insurer opened its first retail store. It has some exercise offerings — step aerobics classes and …
A federal judge Friday dismissed Kmart’s claims against the city of Corinth over flood damage to one of the chain’s stores in 2010. U.S. District Judge Glen H. Davidson ruled that the city is entitled to immunity from Kmart’s lawsuit …
Unusually heavy summer rainfalls in Tennessee have given the agencies involved in flood control and emergency management a chance to show that they have learned to cooperate after the disastrous missteps of 2010. That’s the year heavy flooding of the …
The ACE Group today announced the promotion of Jerome Salmon to the position of Regional Casualty Manager, Continental Europe. He will have profit center responsibility for ACE’s casualty portfolio across the region, and will “also be responsible for driving strategy …
Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of 2013, Guy Carpenter & Co. …
Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. last week, delayed filing a quarterly report to the U.S. Securities and Exchange Commission as the company reviews the size of a goodwill impairment it will …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Assicurazioni Generali S.p.A. and its main subsidiaries. Best also affirmed the ratings of the debt instruments …
Asiana Airlines Inc., the South Korean carrier that suffered a fatal jet crash in San Francisco last month, plans to pay an initial compensation of $10,000 each to survivors. The amount is to cover medical costs and transportation and the …
Along the New Jersey Bayshore, people often say they live on either the “wet” or the “dry” side of Route 36. The distinction was particularly apt during Superstorm Sandy, which brought flooding primarily to communities north of the highway, which …
