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Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014
Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the third quarter …
Number of Deaths from Drunken Driving Nearly Doubled in Utah
The number of people who have died in Utah as a result of drunken driving nearly doubled last year, hitting the highest number in more than a decade. Alcohol-related traffic deaths increased from 23 to 45, according to an annual …
Albanese to Exit as New York’s Financial Regulator Before End of Year
The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of penalties against …
Southern California Utility Gets $400M Insurance Settlement over Closed Nuke
The operator of the defunct San Onofre nuclear power plant in Southern California announced that it reached a $400 million insurance settlement covering power outages caused by failed equipment, most of which will go to customers. The deal between Southern …
The Hartford Earnings Fall in Q3
The Hartford reported core earnings of $364 million for the three months ended Sept. 30, a 24 percent or $113 million decrease from core earnings of $477 million in third quarter 2014. The insurer said the decrease was principally due …
Outlook for Homeowners Insurance Market Improves: Aon
The outlook for the U.S. homeowners market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon Benfield Analytics reveals that insurers’ expected after-tax …
Montana Bar to Blame for Woman Who Stole Truck And Died in Crash, Railway Says
BNSF Railway is suing a Whitefish, Mont. bar for allegedly over-serving a woman who stole a company truck and was killed when she crashed it into a tree. The Flathead Beacon reported the lawsuit claims Casey’s Bar & Casino is …
Fire Destroys Businesses in Illinois City; Draws Over 100 Firefighters
A fire destroyed several businesses in the central Illinois city of Farmington, drawing more than 100 firefighters to the scene. Demolition of the destroyed buildings started in the afternoon after the blaze early on Oct. 25. Businesses that were destroyed …
Hanover Offers Insurance Tips for New Car Shoppers
As new 2016 car models arrive and auto dealers clear their lots of 2015 models, shoppers planning to buy a new vehicle may want to consider updating their insurance policies to protect their purchases, The Hanover Insurance Group in Worcester, …
EPRMA Enhances Online Training for Employment Practices Risk Management
The Employment Practices Risk Management Association (EPRMA), based in Chicago, has enhanced its website (www.eprma.org), with three new employment practices training courses designed to help employers train senior staff on compliance issues and play a role in controlling the severity …