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07, 2015
PartnerRe to Seek Negotiations with EXOR After New Hostile Bid
PartnerRe Ltd., the reinsurer that agreed to merge with Axis Capital Holdings Ltd., said it will enter negotiations with hostile bidder EXOR SpA after the Italian company’s latest cash offer for more than $6.7 billion. “The PartnerRe board has determined that the latest …
The article PartnerRe to Seek Negotiations with EXOR After New Hostile Bid appeared first on Insurance Journal.
22
07, 2015
Uber to Open Miami Headquarters
The popular ridesharing service Uber has announced plans to set up a Miami headquarters. The company announced July 20 that it has signed a lease for about 9,300 square feet of office space at Brickell City Tower, located in Miami’s …
The article Uber to Open Miami Headquarters appeared first on Insurance Journal.
21
07, 2015
Arkansas Cities Back Anti-Discrimination Measures Despite New Law
Most Arkansas municipalities that have adopted broader anti-discrimination protections for gays and lesbians say they’ll keep enforcing the measures despite a new law taking effect this week intended to prohibit such ordinances. Little Rock, Hot Springs and Pulaski County officials …
The article Arkansas Cities Back Anti-Discrimination Measures Despite New Law appeared first on Insurance Journal.
21
07, 2015
Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead
W.R. Berkley Corp. has formed Berkley Global Product Recall Management, a W. R. Berkley Co., to aid all types of businesses throughout the world in the prevention and management of product recall incidences. Products and services will be available through …
The article Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead appeared first on Insurance Journal.
21
07, 2015
Florida County Fines Lyft For Operating Without a Permit
The Hillsborough Public Transportation Commission is upholding a previous ruling that the commission can fine the ridesharing company Lyft for allowing drivers to operate without a county permit. The Tampa Tribune reports the agency had the right to fine Lyft …
The article Florida County Fines Lyft For Operating Without a Permit appeared first on Insurance Journal.
22
07, 2015
Bad Faith Liability and an Insurer’s Refusal to Settle
Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …
The article Bad Faith Liability and an Insurer’s Refusal to Settle appeared first on Insurance Journal.
21
07, 2015
How P/C Insurance Industry Fared in First Quarter
The U.S. property/casualty insurance industry managed to improve its underwriting results and attain higher net investment income to produce a 12.9 percent increase in pre-tax operating income in the first quarter of 2015 over the prior-year first quarter. Higher realized …
The article How P/C Insurance Industry Fared in First Quarter appeared first on Insurance Journal.
21
07, 2015
Golf Carts Being Allowed on Streets in More Small Towns in Illinois
It’s not unusual to see residents zipping around on golf carts in many small Illinois communities, as local officials increasingly adopt ordinances to accommodate the popular vehicles. Golf carts are getting the green light as an alternative to cars and …
The article Golf Carts Being Allowed on Streets in More Small Towns in Illinois appeared first on Insurance Journal.
21
07, 2015
West Virginia Assessing Damage from Rain, Flooding
Damage assessments are taking place in the 10 West Virginia counties that were drenched by torrential rain and flooding last week. The assessments started on July 16 and are being conducted jointly by state emergency preparedness officials and the Federal …
The article West Virginia Assessing Damage from Rain, Flooding appeared first on Insurance Journal.
21
07, 2015
Louisiana Public Agencies Accept Nearly $250M in BP Settlements
Public agencies in the New Orleans area have accepted about a quarter-billion dollars from BP for economic losses resulting from the 2010 Deepwater Horizon disaster. NOLA.com/The Times-Picayune reports the Southeast Louisiana Flood Protection Authority-East accepted an $8.2 million offer for …
The article Louisiana Public Agencies Accept Nearly $250M in BP Settlements appeared first on Insurance Journal.