An arbitration panel has ruled that the Roman Catholic Diocese of Springfield, Mass., should get as much as $49 million from its insurance company to replace Cathedral High School, which sustained such severe damage during a 2011 tornado that it’s …
Insurance claims resulting from hail storm damage increased 84 percent in 2012 from their 2010 level, according to the National Insurance Crime Bureau. In 2010, there were 467,602 hail damage claims filed. That number increased to 689,267 in 2011 and …
Blue Cross & Blue Shield of Mississippi has told the state’s second-largest hospital owner that it will end its contract with the company’s 10 Mississippi hospitals at the end of August. The insurer sent the termination notice to Health Management …
Alabama Emergency Management Agency officials received an early wake-up call Tuesday and were told that a hurricane named Juliet had made landfall about 2 a.m. near Pascagoula, Miss. Hurricane Juliet wasn’t real, but the fictitious storm gave the EMA, local …
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million pounds). Resolution Life Holdings Inc., a …
Hoping to gain the high ground in an escalating war of words over Obamacare, the U.S. administration on Thursday forecast sharply lower than expected insurance costs for consumers and small businesses in new online state healthcare exchanges. A report by …
India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of non-oil shipments. The three-month extension …
The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that “any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for company insurance buyers.” FERMA made the …
French reinsurer SCOR Group announced that “the June flood event in Alberta, which resulted in mass evacuations of people from their homes and major disruption to the Central Business District of Calgary, may ultimately become the largest insured loss in …
The UK’s Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country’s largest insurance retailers, £7,380,400 [$11.215 million] for mis-selling. After an investigation the FCA said it had “found that Swinton’s aggressive …
