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Securities Class Actions Steady in 2011; Surge Against Chinese Firms

The pace of filings of class actions under federal securities and commodity laws held relatively steady in 2011 as compared to the previous three years, according to a new report. But there has been a substantial shift in the composition …

Schinnerer Launches E&O Policy for Artisan Contractors

Victor O. Schinnerer has created a new errors and omissions product for artisan contractors that includes coverage for faulty workmanship. “We want to offer our artisan contractor policyholders an insurance solution that speaks to their unique exposures. Many artisan contractors …

Liberty Syndicate Names Dubois to Head Business Advisory Team

London-based Liberty Syndicate Management Limited, a member of Liberty Mutual Group, has appointed Rene Dubois to lead its Business Advisory team. He is an experienced commercial lawyer with more than 17 years’ experience in the insurance and reinsurance markets. Liberty …

Magnitude 7.0 Earthquake Strikes off Japan Coast

A strong earthquake with a preliminary magnitude of 7.0 struck under the sea several hundred miles (kilometers) south of Japan on Sunday, shaking buildings in the capital, but officials said there was no danger of a tsunami. The quake struck …

UK’s Voyager Insurance Services Acquires Fresh Start Insurance

UK-based specialist broker Voyager Insurance Services Ltd, a member of the Somerville Group, which is focused on providing travel insurance to insurance brokers and third party intermediaries, has acquired the Fresh Start book of business from Culpeck Insurance Services for …

Xchanging Upgrades Mainframe Platform for London Market

Business processing specialist Xchanging announced that it has invested in a major upgrade of the mainframe platform at the heart of the London Market Bureau. The bulletin explained that the company has purchased an IBM z114 machine, which it described …

Alabama Insurance Claims for Tornadoes Top $2 Billion

Insurers have paid at least $2.2 billion claims arising from the April tornado outbreak in Alabama, authorities said. More than 2,500 claims are still pending eight months after the storms, The Birmingham News reported. The figures, from the Alabama Department …

How Mississippi Insurance Agent Came to Own Prized LSU Pigskin

Larry Benefield didn’t attend Louisiana State University. He has been to only one football game there in his life, a matchup against Kentucky in the 1980s or 1990s. But the Gulfport, Mississippi resident owns one of LSU’s most storied artifacts …

Injection Wells Shut Down After 4.0 Earthquake in Ohio

Officials said they believe the latest earthquake activity in northeast Ohio is related to the injection of wastewater into the ground near a fault line, creating enough pressure to cause seismic activity. The brine wastewater comes from drilling operations that …

‘Flood House’ Gives Close-Up of Water Damage

Diane Hopp says she doesn’t have a green thumb, so if her neighbors were around, they might be surprised to see her spraying a garden hose — particularly in December inside the living room of a newly renovated home. “It …

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