Authorities say a northwestern Pennsylvania couple is expected to recover from their injuries in an explosion and fire that destroyed their home near the New York border. Officials in Bradford say Robert and Beverly Butler were first taken to a …
Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for November 2010 include fines of up to $60,000. Final orders for November 2010: American Zurich Insurance Company of Schaumburg, Ill. Order Number: DWC-100100 Date …
Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed Kevin Marine as senior vice president, head …
A jury Tuesday ordered U.S. cigarette maker Lorillard Inc. to pay damages to a dead smoker’s family for allegedly enticing the woman and other black children with free cigarettes given out decades ago. Evans vs Lorillard was the first case …
Insurer XL has made eight new appointments to its North American Construction team. Gregory P. McKiernan will serve as senior vice president of Construction Primary Casualty, based in New York. He most recently served as underwriting manager of XL’s US …
Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification cards. After its Sept. 2008 government rescue, AIG …
A federal appeals court last Friday reversed itself and now says the heirs of Armenians killed in the Turkish Ottoman Empire can seek payment from companies that sold their relatives life insurance. The 9th U.S. Circuit Court of Appeals in …
A U.S. judge in Virginia Monday declared a key part of President Barack Obama’s landmark healthcare law unconstitutional in the first major setback on an issue that will likely end up at the Supreme Court. U.S. District Judge Henry Hudson, …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of South Korea’s Dongbu Insurance Company, Ltd., both with stable outlooks. Best said the ratings reflect Dongbu’s “strong capitalization and favorable operating …
Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months is up 28 percent from the same 2009 …
