Storms that tore through the Brainerd, Minn.-area closed resorts, displaced more than 900 vacationers around Gull Lake and left thousands without power during the height of the summer vacation season. Two popular resorts, Madden’s and Cragun’s, lost power and were …
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The International Union of Aerospace Insurers (IUAI) held its annual general meeting (AGM) in Bengaluru, India, which included a session on the potential impact of 3-D printing in aerospace manufacturing in the future. A bulletin from the IUAI, following the …
The article Aerospace Underwriters Analyze Potential Liability from Growing Use of 3-D Printers appeared first on Insurance Journal.
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen Reichman, 54, and three others scammed …
The article Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud appeared first on Insurance Journal.
Spearfish, S.D., residents who sued the city over sewer backups have settled out of court for an undisclosed amount of money. Members of eight households in a five-block area in late 2013 filed a lawsuit that was scheduled to go …
The article Residents, South Dakota City Settle Suit Over Sewer Backups appeared first on Insurance Journal.
Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to expand in the country, Tsuyoshi Nagano, …
The article Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion appeared first on Insurance Journal.
Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice (REAC). Lockton’s client, 90 North Real Estate Advisors LLP’s portfolio “includes high …
The article Cobalt Secures Major Property Portfolio for 90 North through Lockton appeared first on Insurance Journal.
Reinsurer Axis Capital Holdings Ltd said it was raising the special dividend component of its offer for PartnerRe Ltd as it looks to fend off a rival offer from EXOR SpA. Axis said it would raise the special dividend to …
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New Jersey Gov. Chris Christie on Monday requested the federal government to issue a major disaster declaration for severe thunderstorms that caused more than $15 million worth of damage and knocked out power to 300,000 people in southern New Jersey …
The article N.J. Gov. Christie Seeks Federal Disaster Aid for Storm-Ravaged Counties appeared first on Insurance Journal.
QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services business to National General Holdings Corp. for $90 million. The transaction will result in a pretax loss of about $120 …
The article QBE Selling Lender-Placed Insurance Business for $90M appeared first on Insurance Journal.
Pennsylvania Insurance Commissioner Teresa Miller on July 13 presented certificates to approximately 25 Pennsylvanians who successfully completed a mature driver safety class in Dauphin County. Miller also reminded participants that state law requires a minimum five percent auto insurance discount …
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