A pilot insurance program is being offered to West Virginia livestock producers to help manage financial risk. The Rainfall Index Pasture, Rangeland, Forage program’s payments aren’t based on single weather stations or individual rain gauges. Instead, the program uses a …
Galveston is moving on from repairing and rebuilding homes damaged from Hurricane Ike to demolishing homes left dilapidated by the storm that devastated the Texas coastal island seven years ago this month. John Simsen, the city’s disaster recovery director, said …
RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its 5.6 billion-pound ($8.7 billion) offer for the British insurer. “I am sure that this company will get other approaches …
Citations issued by The U.S. Department of Labor’s Occupational Safety and Health Administration against Film Allman LLC in August 2014 were upheld Sept. 15 by Judge Sharon D. Calhoun of the Occupational Safety and Health Review Commission. The citations for …
Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Christopher Gallagher will assume the position of chief risk officer and group actuary, effective immediately. Gallagher succeeds Joan deLemps who announced her intention to …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from the Magnitude 8.3 earthquake that struck Chile’s central coast near Illapel on September 16 will be between CLP 400 billion ($600 million) and CLP 600 billion ($900 million). “The September …
Since the Aug. 11, 2015 withdrawal of PaCRe Ltd.’s financial strength rating and issuer credit rating at the company’s request, A.M. Best said there has been considerable speculation about A.M. Best’s view on these hedge fund-sponsored reinsurers. A.M. Best said …
A special report from A.M. Best notes that the “low level of insurance penetration seen in many Middle East and North Africa (MENA) countries, combined with the robust, albeit deteriorating, profitability achieved by the leading primary insurers, has made the …
Maurice “Hank” Greenberg’s Starr International Co. can move forward with a lawsuit claiming the U.S. owes it a $38 million tax refund. A Washington federal judge on Friday rejected government claims that the reason for denying the refund can’t be …
A former Uber Technologies Inc. driver defeated the company’s bid to force her into arbitration, a second victory after California’s labor commissioner said she should have been considered an employee. A San Francisco state judge sided with the driver Monday, …