United States News

Arson by the Numbers

There were an estimated 30,500 intentionally set structure fires in the United States in 2008 that resulted in some $866 million in property loss, according to the U.S. Fire Administration (USFA). Intentionally set structure fires also resulted in 315 civilian …

Business Moves

Foremost Foremost Insurance Group has launched its DistinctChoice Auto program in Connecticut. The auto program features increased limits, deductible options and coverages. The program also offers broad eligibility and discounts, including multi-policy discount and a five-year accident/violation free discount. PURE …

Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case

A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal also enhances some of …

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal also enhances some of …

ACE Posts $755 Million Q1 Net; Operating Income of $579 Million

ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per share for …

Beyond the Flood Zone: Storm Surge Multiplies Coastal Vulnerabilities

“Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” says one researcher whose job it is to develop ways to determine the vulnerability of homes and other properties not only to storm surge, …

2 Miners Missing After Kentucky Coal Mine Roof Collapse

Two miners were missing Thursday and rescuers were unable to contact them after a roof collapsed in a large underground coal mine in western Kentucky, company and union officials said. Rescue crews were in the mine on Thursday morning, said …

Federal Judge Awards $164K in Damages in Chinese Drywall Case

A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in …

Antigua ex-Financial Regulator Ordered Extradited in Stanford Case

Antigua and Barbuda’s former top financial regulator was ordered Monday to be extradited to the United States to face charges he assisted accused Texas financier Allen Stanford in an alleged $7 billion fraud, a spokesperson for the Antigua attorney general’s …