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12, 2015
Maine High Court Rejects Insurance Payout to Assault Victim’s Estate
Maine’s highest court says the estate of a man killed in a Portland punching incident isn’t entitled to money from the puncher’s family’s insurance policy. Eric Benson’s estate sued William Googins after Googins punched Benson in the face, causing Benson …
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12, 2015
ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division
ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. …
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12, 2015
15 Automakers, U.S. Meet on Safety, Recalls, Hacking
Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked. The meeting was convened after record numbers of cars have been recalled …
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12, 2015
Tennessee Supreme Court Rejects Constitutionality Ruling on Damages Cap
The Tennessee Supreme Court has vacated the decision of a trial court that ruled a state law putting a cap on certain personal injury damages is unconstitutional. The decision stems from a negligence lawsuit brought by Donald and Beverly Clark …
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12, 2015
North Carolina Judge Rejects 13-Year-Old’s Climate Change Challenge
A judge has ruled against a 13-year-old girl who took North Carolina to court over climate change, but the eighth-grader says she’ll continue to fight for environmental protections. The News & Observer of Raleigh reports Hallie Turner learned Nov. 25 …
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12, 2015
Disaster Loans Offered to West Virginia Businesses Impacted by Weather
Small businesses in West Virginia that have been impacted by bad weather may be able to get financial assistance from the federal government. The U.S. Small Business Association says economic injury disaster loans are available for certain small businesses, small …
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12, 2015
J. Smith Lanier Announces Stock Merger with Alabama’s Rogers, Parker & Associates
J. Smith Lanier & Co., an independent insurance brokerage firm, has announced a stock merger with Rogers, Parker & Associates, Inc., of Florence, Ala., effective December 1, 2015. Rogers, Parker & Associates, Inc. traces its origin to 1898 when agency …
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12, 2015
Kinsale Insurance Forms Inland Marine Division
Kinsale Insurance Company has formed a new Inland Marine Division. Havis Wright recently joined Kinsale as the division manager named to lead the effort. Kinsale’s initial underwriting focus is on the inland marine classes found within the construction, mobile equipment, …
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12, 2015
XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C
XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty coverage after buying Catlin Group Ltd. The deal …
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12, 2015
Business Losses in India’s Flood-Ravaged Chennai Could Top $2.2 Billion
As the flood-ravaged Indian city of Chennai prayed for respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees ($2.2 billion). Water discharged from overflowing lakes and reservoirs …