AXIS Capital Holdings Ltd. has not communicated with any potential acquirer, including Arch Capital Ltd., since it engaged in merger talks with competitor PartnerRe Ltd last fall, people familiar with the matter said on Thursday. The Financial Times wrote on …
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The huge fire burning in the San Bernardino National Forest east of Los Angeles has grown by another thousand acres and has now scorched more than 17 square miles of mountains. The U.S. Forest Service says the blaze sending up …
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Market research firm, Market Strategies International, has added insurance industry veteran Jeremy Bowler as a senior vice president of research and consulting in the Financial Services division in Detroit. Bowler brings more than 25 years of experience in marketing and …
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Louisiana Commissioner of Insurance Jim Donelon says some East Feliciana Parish residents will see a drop in fire insurance rates. WAFB-TV reports homeowners living in Jackson, outside of Jackson corporate limits, and Wilson, outside of the Wilson corporate limits, can …
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The U.S. Consumer Product Safety Commission is suing Middleton, Wis.-based Spectrum Brands for allegedly failing to report a problem with coffee pot handles that could detach, creating a risk of burns. The lawsuit was filed in federal court in Madison. …
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The company behind a massive chemical spill last year has reached a $2.5 million deal with West Virginia environmental regulators for cleaning up its contaminated site, according to new court filings. The Charleston Gazette reports Freedom Industries released the plan …
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Global insurance broker Marsh appointed David Rahr as Mid-Atlantic partnership leader based in Philadelphia. In this role, Rahr will work to ensure the seamless delivery of Marsh’s advisory and transactional services to Marsh’s clients throughout the Mid-Atlantic region, which includes …
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Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value of 49.6 …
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West Virginia has the highest rate of overdose deaths in the U.S., according to a report released this week, further spotlighting Appalachia’s festering drug abuse problem that is also fueling a rise in hepatitis C in one of the nation’s …
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Not so long ago, critics of Obamacare were warning of death spirals, the risk that too many sick people and not enough healthy ones would sign up for insurance, triggering a cycle of ever higher costs for insurers and steep premium hikes for consumers. That didn’t …
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