Beazley plc, the first Lloyd’s of London insurer to report earnings, had a 16 percent increase in first-half profit, helped by growth in its U.S. business. Pretax profit rose to $154.5 million from $132.9 million a year earlier, the Dublin-based insurer said Friday. Gross …
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AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected profitability of new policies …
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Jardine Lloyd Thompson Group plc sued Howden Insurance Brokers in a bid to thwart plans by the rival to poach 17 of its Singapore staff. The broking arm of Hyperion Insurance Group, headhunter Huntington Search Partners Pte, JLT Singapore Managing Director Goh Chye Huat …
The article Jardine Lloyd Sues Rival Howden Over Mass Resignation in Singapore appeared first on Insurance Journal.
School districts in North Carolina may soon be barred for five years from suing their counties over the amount of funding they receive under a new provision approved by the state Senate. The Senate passed on July 22 a bill …
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Federal prosecutors want a judge to schedule a guilty plea hearing for the top executive charged in a massive chemical spill that contaminated West Virginia’s biggest drinking water supply last year. In federal court in Charleston on July 22, prosecutors …
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A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Tower Hill Prime Insurance Company (Tower Hill Prime) in Gainesville, Fla. The outlook assigned to both ratings is stable. The ratings …
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A new report finds speeding was a factor in at least 27 percent of Louisiana traffic fatalities in 2013. The state had 703 traffic fatalities two years ago and 193 stemmed in part from speeding, a National Highway Traffic Safety …
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The Maine Department of Public Safety says crime dropped nearly 15 percent last year, the largest drop in the four decades that the state has kept detailed records. Commissioner John Morris said Wednesday every crime category tabulated by the state’s …
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The Department of Industrial Relations and its Division of Workers’ Compensation have released a report on progress implementing California’s workers’ compensation reforms. The report details increased payments to injured workers and significant cost-saving benefits for employers. The reforms are part …
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Kauai police say they have issued 539 tickets to people using cellphones while driving, an offense that can come with a pricey $300 fine for first-time law-breakers. Hawaii officials are cracking down on the use of hand-held mobile electronic devices …
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