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27 07, 2016

Allianz Unveils Transactional Liability Unit as M&A Surges

By | July 27th, 2016|Recent Articles|Comments Off on Allianz Unveils Transactional Liability Unit as M&A Surges

Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer’s Allianz Global Corporate & Specialty division will handle the roll-out, with an initial …

28 07, 2016

Peabody Reaches Coal Mine Cleanup Deal with 3 U.S. States

By | July 28th, 2016|Recent Articles|Comments Off on Peabody Reaches Coal Mine Cleanup Deal with 3 U.S. States

Peabody Energy Corp., the largest U.S. coal producer, reached a deal to cover mine clean-up liabilities while in bankruptcy with three U.S. states, court documents showed on Tuesday. Peabody has benefited from a federal program known as self-bonding that allows …

27 07, 2016

Former Bismarck, North Dakota Leader Files Complaint Against Over flooding

By | July 27th, 2016|Recent Articles|Comments Off on Former Bismarck, North Dakota Leader Files Complaint Against Over flooding

A former city commissioner in Bismarck has filed a complaint with the North Dakota Department of Health accusing the city of neglecting to address sewer wastewater and storm water problems on the city’s south side for decades. A June 28 …

27 07, 2016

Ex-Dallas Citibank Worker Who Sabotaged Computer System Going to Prison

By | July 27th, 2016|Recent Articles|Comments Off on Ex-Dallas Citibank Worker Who Sabotaged Computer System Going to Prison

An employee who sabotaged Citibank’s computer system because he believed he was about to be fired has been sentenced to nearly two years in prison. Investigators say Lennon Ray Brown of Dallas transmitted a code and command in 2013 leading …

27 07, 2016

LP Insurance Services in Nevada Brings on Cleghorn

By | July 27th, 2016|Recent Articles|Comments Off on LP Insurance Services in Nevada Brings on Cleghorn

Reno, Nev.-based LP Insurance Services Inc. has named Adam Cleghorn to its Northern Nevada team. Cleghorn previously worked for Basalite Concrete Products in Sparks. He has been in the risk management industry for more than 15 years. LP Insurance Services …

27 07, 2016

Idaho Rancher’s Family Initiates Wrongful Death Suit

By | July 27th, 2016|Recent Articles|Comments Off on Idaho Rancher’s Family Initiates Wrongful Death Suit

The family of an Idaho rancher authorities say was shot and killed by two Adams County Sheriff’s deputies has filed a legal notice of their intent to sue the county. The Idaho Statesman reported in a story on Tuesday that …

27 07, 2016

Barnes & Thornburg Adds 2 Insurance Recovery Attorneys in California

By | July 27th, 2016|Recent Articles|Comments Off on Barnes & Thornburg Adds 2 Insurance Recovery Attorneys in California

Barnes & Thornburg LLP has added David Wood and Joshua Rosenberg to the firm’s litigation department and insurance recovery and counseling practice group. The firm also added John Corbett, of counsel, in Dallas, Texas. The trio arrives from Anderson Kill’s Ventura, …

26 07, 2016

National Interstate Accepts $660M Buyout by American Financial

By | July 26th, 2016|Recent Articles|Comments Off on National Interstate Accepts $660M Buyout by American Financial

National Interstate Corp., the provider of insurance to the transportation industry, accepted majority-owner American Financial Group Inc.’s sweetened bid of $32 a share to buy the stock that it doesn’t already own. The offer values National Interstate at about $660 …

27 07, 2016

California Wildfire Shuts Down Picturesque Big Sur

By | July 27th, 2016|Recent Articles|Comments Off on California Wildfire Shuts Down Picturesque Big Sur

State parks along the California’s famed Big Sur coastline were closed Tuesday as one of the state’s two major wildfires threatened the scenic region at the height of the summer tourism season. The Big Sur fire threatened a long stretch …

26 07, 2016

P/C Insurers Face Tough Sledding in 2016, Warns S&P

By | July 26th, 2016|Recent Articles|Comments Off on P/C Insurers Face Tough Sledding in 2016, Warns S&P

This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by S&P Global Market Intelligence. The firm’s 2016 U.S. …