Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells. Earl, still a major Category 3 hurricane, weakened slightly overnight but …
The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit land. As Earl lingers as …
Kenneth Feinberg, who last week took over the claims process for BP Plc’s Macondo well oil spill, has so far paid nearly $10 million in emergency payouts to Gulf Coast residents who have suffered economic harm, documents show. Feinberg, who …
Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He is based in a new Endurance reinsurance office in Miami, Florida. …
A Covington, La., company has been hired to process applications for money from a $100 million fund set up by BP to help oil rig workers idled by a federal moratorium on new deepwater drilling in the Gulf of Mexico. …
The head of the Federal Emergency Management Agency said his department is better able to quickly respond to disasters now, five years after Hurricane Katrina ravaged the U.S. Gulf Coast. FEMA was widely pilloried in the days after the 2005 …
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …
Tropical Depression Seven formed in the far eastern Atlantic Ocean on Wednesday, one of three systems the U.S. National Hurricane Center was monitoring, but none were so far expected to threaten energy production in the Gulf of Mexico. The NHC …
An eastern Pennsylvania jury has awarded $6.8 million in damages to a woman who was injured in a 2007 drunken driving crash. A Chester County jury found a Coatesville restaurant liable for having continued to serve a man who had …
A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who …
