A Massachusetts jury has ordered Toys `R Us to pay more than $20 million to the family of a woman who was killed when an inflatable pool slide partially collapsed at a 2006 party. The Salem Superior Court verdict, returned …
As world piracy hits a new high, more ships are escaping Somali pirates, according to a new report. Piracy on the world’s seas has risen to record levels, with Somali pirates behind 56 percent of the 352 attacks reported this …
Two Florida insurance agencies have merged as part of a plan to increase their business in southeast Florida. Ranew Insurance President Barry Ranew and Ranzino Insurance President Marion Ranzino announced they are merging their operations for both the individual and …
The U.S. workers’ compensation insurance segment continued to face competitive pricing, further rate decreases, weak macroeconomic factors, growing medical costs and an uptick in claim frequency during 2010. As a result, premium volume declined and underwriting results deteriorated yet again, …
The iconic Travelers Insurance red umbrella was recently showcased in an educational event on the role trademarks play in the economy. Travelers participated as an exhibitor at the National Trademark Expo in Alexandria, Va., Oct. 14- 15 to present the …
Toymaker Henry Gordy International Inc. has agreed to pay a civil penalty of $1.1 million over a dart gun set linked to three deaths, the U.S. Consumer Product Safety Commission (CPSC) said last Friday. Its Auto Fire Target Sets were …
The Mississippi Supreme Court has asked attorneys for more information as it considers whether the state’s limitation on damages in civil cases is constitutional. In an order last month, the court asked attorneys for Sears, Roebuck and Co. and for …
Anadarko Petroleum Corp. will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by Cathedral Underwriting Limited. Best also affirmed the ICR of …
New research by Finaccord, a specialist market research consulting firm, estimates that the market for motor insurance for fleet vehicles across ten European countries is worth €15.8 billion [$21.77 billion] in premiums for 2011, plus another €980 million [$1.35 billion] …
