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11, 2015
XL Catlin Expands Yacht Insurance Risk Appetite
XL Catlin, the official insurance partner of the America’s Cup, has expanded its appetite to insure yachts of all sizes. According to Richard DeSimone, chief underwriting officer of Marine in XL Catlin’s Americas region, the bringing together of the Catlin …
17
11, 2015
RLI Launches Reps & Warranties Liability Policy
RLI Insurance Co.’s Executive Products Group has created a new Representations and Warranties Liability Insurance policy. RLI’s new Representations and Warranties Liability policy offers protection to buyers and sellers involved in corporate mergers and acquisitions from financial losses due to …
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11, 2015
Everest Insurance, AEGIS to Offer Coverage to Energy Industry
Everest Re Group, Ltd. has formed a strategic alliance between its U.S. primary specialty insurer, Everest National Insurance Co., and Associated Electric & Gas Insurance Services (AEGIS). This new partnership will provide primary admitted coverages to AEGIS members, and non-member …
17
11, 2015
Storm Barney to Raise Flood Risk & Damaging Winds Across U.K.
Barney, the second storm to be named by the U.K. Met Office this season, was expected to bring additional rain and damaging winds to the United Kingdom, according to a report issued by AccuWeather. “Barney will be a fast-moving storm, …
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11, 2015
St. Louis-Area Taxi Drivers Sue Uber
St. Louis-area taxi drivers suing Uber allege they’ve seen up to a 40 percent dip in business since the ride service began operating in violation of local regulations. The St. Louis Post-Dispatch reports that drivers Robert Glynn of Laclede Cab, …
17
11, 2015
Global Acts of Terror Cost $52.9 Billion in 2014 – Highest Price Since 9/11
In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9 billion — roughly the size of Bulgaria’s …
17
11, 2015
New Hampshire Lawmakers Expected to Create Drug-Focused Task Force
New Hampshire state lawmakers are expected to create a task force aimed at tackling New Hampshire’s substance abuse crisis when they return to Concord, New Hampshire, on Wednesday for a special session. If all goes according to plan, the task …
16
11, 2015
4 New York Business Owners Charged in Workers’ Comp Fraud Sweep
The New York inspector general’s office announced the arrests of four New York state business owners on fraud and theft charges as part of an ongoing series of investigations into employers and employees who defraud the state workers’ compensation system. …
18
11, 2015
GEICO 1st Auto Insurer in N.Y. to Offer Digital ID Cards for Policyholders
New York Gov. Andrew M. Cuomo announced that GEICO has become the first insurer in New York State to complete the certification process through the Department of Motor Vehicles to allow customers to begin using electronic ID cards on their …
17
11, 2015
Defense Rests in West Virginia Mine Blast Trial, Blankenship Stays Mum
Former Massey Energy Chief Donald Blankenship won’t take the witness stand to explain what happened when a company mine exploded in 2010 killing 29 workers, choosing instead to leave his fate in the hands of jurors at his criminal trial …