A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision. The National Highway Traffic Safety Administration sent Chrysler a letter asking that the company …
The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines business in particular. The …
A U.S. Postal Service employee from eastern North Carolina who was seen spinning the Big Wheel on TV’s “The Price Is Right” even though she had said she could not deliver the mail has pleaded guilty to workers’ compensation fraud. …
An eastern Kentucky official has announced a settlement in a lawsuit over the drug OxyContin. The Appalachian News-Express cited a statement from Pike Judge-Executive Wayne T. Rutherford in reporting that drug maker Purdue Pharma agreed to pay $4 million to …
The NCAA will spend more than $10 million to help fund additional in-home care for college athletes who have suffered catastrophic injuries on the playing field. The National Collegiate Athletic Association’s governing body said it will cost an estimated $4 …
Hungary was set to contain the Danube river from overflowing in Budapest while the economic toll grew in eastern Germany, where thousands of people have been forced to evacuate along the Elbe River. Hungarian authorities are “in control” of the …
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of satellite-based flood footprints for the ongoing floods in Central Europe, concentrated on Germany, Austria and the Czech Republic. PERILS said the images “will update …
XL Group announced the launch of “Fast Fast Forward,” which it described as a “new online platform for commentary, news and tools to advance discussion of risk and business challenges. Fast Fast Forward’s inaugural launch dives into two integral topics: …
HCC Insurance Holdings announced the promotion of Simon Button to Chief Underwriting Officer for HCC International Insurance Company PLC and Lloyd’s Syndicate 4141 (known collectively as HCC International). He reports to HCC International’s CEO Barry J. Cook, who expressed his …
A rebuilding effort in an eastern Kentucky town devastated last year by tornadoes is getting some national recognition. WYMT-TV reported that former President Bill Clinton’s Clinton Global Initiative will recognize the Rebuilidng West Liberty project this week in Chicago. Much …
