Insurance Australia Group Limited (IAG) announced it had entered into an agreement to purchase the AMI insurance business for NZ$380 million (approximately A$288 million [US$287.96 million), enhancing its position as New Zealand’s leading general insurer. IAG’s bulletin noted that the …
The world economic outlook is “quite gloomy” and will require action by all countries, starting with those in Europe, to head off an escalating crisis that carries risks of a global depression, the head of the International Monetary Fund said …
Using a cell phone while driving is not the only distraction leading to automobile crashes today, says a group of insurance carriers. While the U.S. National Transportation Safety Board’s (NTSB) call for a national ban on cell phone use while …
U.S. healthcare reforms have enabled 2.5 million young adults to join or remain in their parents’ health insurance plans, the U.S. government said this week, up from 1 million reported earlier this year. Federal officials fully credited the gains to …
Owners of thousands of U.S. homes tainted with foul-smelling Chinese drywall agreed to a legal settlement on Thursday with a German manufacturer. An attorney for the plaintiffs, Russ Herman, said the settlement reached with Knauf International was worth $800 million …
Thousands of motorists were stuck on a 10-mile stretch of freeway near Los Angeles after a big-rig tanker truck burst into flames Wednesday. No one was injured. California Highway Patrol officers backed traffic up and turned it around, using offramps …
The U.S. government should pay $56 million to a family that lost four members when a military jet crashed into their San Diego home in 2008, an attorney told a judge Wednesday. “The magnitude of the loss is tremendous,” attorney …
A “classic Santa Ana wind event is taking shape for Southern California” on Friday, the National Weather Service was reporting on Thursday afternoon. The strong winds may not reach the epic proportions of winds that slammed into Southern California last …
The City of Brotherly Love isn’t so lovely when it comes to the civil justice system, at least according to a national tort reform advocacy group. The Washington, D.C.-based American Tort Reform Association is out with its annual “judicial hellholes” …
Many people are planning year-end holiday festivities. But a report says there are many dangers lurking at these events. And people aren’t paying enough attention. A MetLife Auto & Home American Safety Pulse Poll says only about a third of …
