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24
06, 2016
Settlement to Make Punitive Damages from 2010 Oil Spill Available to Claimants
Nearly $1.24 billion in punitive damages arising from BP’s 2010 Gulf of Mexico oil spill will become available to property owners and some fishermen affected by the spill under a pending settlement with two corporations that also had a role …
29
06, 2016
European Insurers Look to Hoarding Cash After Brexit Vote
Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer. “Storing physical cash as an alternative to paying …
23
06, 2016
Insurers, Agents Together Need to Lower Distribution Costs: Berkley
Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive chairman of the W.R. Berkley Corp. Economic and social trends are …
29
06, 2016
Freight Trains Collide in Texas, Triggering Fireball
Several box cars derailed and were engulfed in flames following a freight train collision in the Texas Panhandle on Tuesday. Texas Department of Public Safety Lt. Bryan Witt says the accident occurred in the morning near the town of Panhandle, …
24
06, 2016
Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums
Robert Meseer, 63, of Westminster, was arrested by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to allegedly steal more than $140,000 from several business owners. …
24
06, 2016
Texas State Senator Sues Cowboys Player over Allegedly Trashed House
Dez Bryant faces a lawsuit from his former landlord over allegations of more than $60,000 in damages to a house that the Dallas Cowboys receiver leased. The civil suit was filed last week by Texas state Sen. Royce West, an …
23
06, 2016
Massachusetts’ Rogers & Gray Acquires Albert Brock Co. on Nantucket
Cape Cod, Massachusetts-based Rogers & Gray Insurance has acquired the independent insurance agency, Albert G. Brock Co., located on Nantucket Island. The newly formed entity will now be known as Brock Insurance, a division of Rogers & Gray. The Brock …
28
06, 2016
As Flood Rages on in West Virginia, 2 Missing Campers Found Alive
Two men who were presumed dead when a camper was swept away in rushing waters during the West Virginia floods have been found alive, officials said Monday as more heavy rain fell on already-soaked parts of the state. The discovery …
24
06, 2016
June 17 North Dakota Storm Damages Adding Up, Regulators Say
The North Dakota Department of Insurance reported that the Bismarck/Mandan-area storm that occurred on June 17 is developing into one of the largest claim events for 2016 in state, which has experienced several severe weather events this spring. So far, …
29
06, 2016
Anthem Says It’s Not Walking Away from Cigna Merger
Anthem Inc. said it’s not in discussions with Cigna Corp. to end their $48 billion tie-up, as speculation about the health insurance deal’s fate mounts. The New York Post reported earlier that Anthem may be ready to walk away, citing …