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 …
A California wildfire that doubled in size overnight torched 15 buildings east of Los Angeles, injured at least five people and forced the evacuation of 500 homes in about half a dozen small communities, authorities said on Thursday. The fire …
Bailey Tardy of Norcross, Ga. and Sam Stevens of Wichita, Kan., won the girls and boys divisions, respectively, at the recent 45nd Annual Trusted Choice Big “I” National Championship in Pinehurst, N.C. The tournament featured 160 players from 39 states …
A central New Jersey man who claimed his barn was destroyed by Superstorm Sandy has been indicted on insurance fraud charges. Seventy-three-year-old Farouk Soliman of Little Silver also faces theft by deception charges in the indictment handed up Monday by …
