Insurance claims filed in response to a major tornado outbreak in May jumped to 70,782 on June 18, with insurance payments reaching $561,976,781, the Oklahoma Insurance Department announced. The department broke the claims down as follows: May 19 and 20 …
The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17. Pete Gise, who handles the Texas Windstorm …
Chicago-based CNA Financial Corp. has appointed Derek Smith as vice president of corporate development, in charge of investor relations, rating agency management, capital management, and mergers and acquisitions. Smith comes to CNA from Macquarie Capital Inc., where he served as …
Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long Island, New York. Consuasor’s New York City operations …
One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit restaurant franchise industry, the experts say. The larger a company grows, the slower its rate of growth. But …
Mounting scandals at the Internal Revenue Service are jeopardizing critical funding for the agency as it gears up to play a big role in President Barack Obama’s health care law. Obama sought a significant budget increase for the IRS for …
The Carnival Corp. filed a lawsuit last week seeking more than $12 million in damage that its cruise ship, Triumph, sustained in an early April windstorm.AL.com reported that in the lawsuit, Carnival argues that mooring equipment being used by BAE …
Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing. Parts of Uttarakhand and Himachal Pradesh, the worst-hit states …
Swiss Re announced the publication of its “2012 Corporate Responsibility Report,” which it said “enhances its accountability by reporting against the Principles for Sustainable Insurance for the first time.” The sustainable principles were developed in cooperation with the United Nations …
AIG’s Aerospace Unit in the UK has enhanced its airside premises and contractors liability protection with limits of indemnity and up to U.S. $50 million of war and terrorism cover included as standard. “Airports in the UK are seeing increasing …
