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15
07, 2016
Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016
The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105 percent, according …
15
07, 2016
The ‘Pokemon Go’ Files: 10 Tales of Trespass, Robbery, Murder and More
The “Pokemon Go” craze across the U.S. has people wandering into yards, driveways, cemeteries and even an off-limits police parking lot in search of cartoon monsters, prompting warnings that trespassers could get arrested or worse, especially if they cross paths …
15
07, 2016
Potato in Tailpipe Leads to Arson Suspect in Connecticut
Police say a potato stuffed into a vehicle’s tailpipe helped lead them to a 19-year-old Connecticut stripper who’s now charged with setting fire to a business in a dispute over money. Willow Martin, of Naugatuck, was charged this week with …
15
07, 2016
Woman Who Broke Ankle on L.A. Skyscraper Slide Files Suit
A lawsuit claims a woman suffered a broken ankle on a recently opened glass-enclosed slide attached to the exterior of a downtown Los Angeles skyscraper. City News Service says the lawsuit filed this week against building owner OUE Skyspace LLC and …
15
07, 2016
Buffett Gives $2.8 Billion in Shares to Charities Including Gates Foundation
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has donated another roughly $2.86 billion of his holdings in the company’s stock to the Bill & Melinda Gates Foundation and four family charities, as part of his plan to give …
15
07, 2016
Hail Damage Claims from Montana Crops on The Rise
State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reported the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …
15
07, 2016
P/C Insurers’ Net Income Fell 26% in Q1
U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015—a 26.6 percent decline—and their annualized quarterly yield on investments drop to 2.9 percent—the lowest this century—from 3.1 percent …
15
07, 2016
Switch Sues Nevada Regulators, NV Energy over Efforts to go Solar
A data-storage center company sued Nevada electricity regulators and NV Energy this week, saying it got an unfair deal when it tried to leave the grid and suffered at the hands of a former state employee who tweeted about the …
15
07, 2016
France in Mourning After Latest Deadly Terror Attack Kills at Least 80
Eight months after a murderous rampage in Paris, the deadly attack in the coastal city of Nice on Bastille Day threatens to throw a still-traumatized France into a tailspin in the run-up to presidential elections and raise terror alarms across …
15
07, 2016
Caution: Millions of U.S. Drivers Are Angry, Aggressive or Enraged!
Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming findings suggest that …