Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City. The 39 story high-rise dates from 1963 and was designed by Ely Jacques Kahn, one of the fathers of the New …
A U.S. federal appeals court on Monday said the maker of Diet Dr Pepper did not deceive consumers into thinking the soft drink promoted weight loss by including “diet” in its name, a decision that could doom a similar lawsuit …
Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian and Ben Mancuso. Based in New York, Walter will build a business writing …
Another Central Kentucky farmer has pleaded guilty in a crop insurance fraud scheme that a federal prosecutor has called “pervasive and severe” in that region. Daniel Arvin pleaded guilty on Dec. 19 in federal court in Lexington to a conspiracy …
The Senate yesterday went along with House measures that fund the military and rest of the federal government through next September. The government funding measure includes two provisions of particular interest to the property/casualty insurance industry: a reauthorization of the …
Jim Beam was fined $600,000 earlier this month after a July warehouse fire sent a nearly 23-mile (37-kilometer) plume of alcohol into the Kentucky and Ohio rivers, killing fish. The distiller agreed to the fine in a Dec. 6 order …
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off group, RiverStone UK. The transaction gives RiverStone UK the …
For the fourth time in a month, a South Florida sewer line has ruptured. The sewer line burst on Friday at a park in Fort Lauderdale. It was repaired overnight when crews removed the damaged section of 16-inch force main …
California’s new earthquake early warning cellphone app issued its first public alert when a modest tremor occurred this week in a rural area of the state, a newspaper reported. MyShake app project manager Jennifer Strauss said more than 40 people …
Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional. The lawsuit filed Monday in Los Angeles federal court is a preemptive strike against …