The insurer for a business at New Hampshire’s Hampton Beach has sued a utility, saying a February 2010 fire that destroyed a block of businesses was sparked by an electrical glitch. The suit says before the fire, an electrical fault …
A new report from Lloyd’s of London found that a growing number of Oklahomans are becoming increasing vulnerable to tornadoes, according to the Oklahoma Insurance Department. The report, Tornadoes: A Rising Risk?, indicates that the growing density of mobile home …
Given the reduced amount of merger and acquisition (M&A) activity as a result of the financial crisis, it’s not surprising that the deals, which do go through, engender greater risks. An article from Lloyd’s points out that “in such an …
A man who, along with two others, falsely used the names of two well-known insurance groups in a scheme to swindle elderly people out of millions of dollars has been sentenced to prison in North Texas. Adley Husni Abdulwahab was …
Lloyd’s of London says the liability insurance it provides for the Ashland Gun Club in Oregon covers bodily injury and property damage, but it won’t pay any damages related to lead contamination from ammunition. The Mail Tribune reported underwriters filed …
Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year. …
Oklahoma Gov. Mary Fallin, Insurance Commissioner John D. Doak and insurance industry executives, have met with insurance market representatives at Lloyd’s of London to discuss the state’s $15 billion insurance market, the Oklahoma Insurance Department announced. “This visit was much …
A former Louisiana State University football player is suing his ex-financial planner for allegedly obtaining an inadequate insurance policy meant to protect the athlete in the event of a career-ending injury during his final year of college football. Ciron Black, …
Florida has added its first reinsurer from the United Kingdom to a list of reinsurers taking advantage of a state law that reduces reinsurers’ capital requirements. In an effort to attract more private capital to the state, lawmakers in 2009 …
Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market. The report, which also says there are other “unintended impacts” …
