John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company. In June, he gathered two branches of the prominent Italian family …
In its annual report to the Legislature for 2014-2015, the Louisiana Property & Casualty Insurance Commission noted that the workers’ compensation market in the state “remains competitive.” There were 246 insurance companies providing workers’ compensation insurance in Louisiana in 2014, …
Contractors have been tearing down hundreds of Portland homes without properly removing the asbestos inside, a practice that ignores state regulations and could put workers at risk. An investigation by The Oregonian found that weak regulatory oversight from the Department …
Naperville, Ill., city officials have spent about $760,000 on rebuilding its online network three years after a cyberattack wreaked havoc. City officials tell the Chicago Tribune insurance covered about 25 percent of the cost. Officials say there’s no evidence of stolen …
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …
Two earthquakes — including one of magnitude 4.0 — rattled Cushing, Okla., and caused power outages, but no injuries or significant damage is reported. The U.S. Geological Survey reports a 4.0 magnitude quake struck at 8:16 p.m. on Sept. 24 …
San Diego Gas and Electric is seeking authority to bill its customers $379 million for legal settlement costs left over from 2007 wildfires that destroyed 1,300 homes and killed two people. In filings with state regulators Friday, SDG&E said customers …
The Bermuda-based Argo Group International Holdings, Ltd. announced that David Snowden has been appointed to serve as senior vice president, group communications and public relations. Argo Group Head of Group Marketing and Communications Gary Grose noted Snowden’s “broad range of …
California Gov. Jerry Brown signed Assembly Bill 1515, which clarifies and corrects sections in the insurance code. The omnibus bill was authored by the Assembly Committee on Insurance and sponsored by Insurance Commissioner Dave Jones. AB 1515 restores the requirement …
Federal investigators say the left front axle of a duck boat involved in a deadly Seattle, Wash. accident was sheared off, but they don’t know if it was damaged before the collision with a charter bus that killed four international …