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Oil Tankers in Front Line of Libya’s Struggle; Insurance at Risk

Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared …

Best Places AXIS and Subs Ratings under Review w/ Negative Implications

A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its operating affiliates. Best also put the ICR of “a-” …

AirAsia Probe Vets Possible Computer Glitch, Crew Response

Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said. …

Size Matters in Bermuda as Reinsurance Deals Heat Up: Real M&A

Insurance deal making is heating up as companies embrace a bigger-is-better philosophy. AXIS Capital Holdings Ltd.’s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of $11 billion, marks the third sizable deal for a …

New Orleans Residents: Police Shortage a Mardi Gras Security Risk

Throughout the quieter parts of the French Quarter, residents and businesses have posted signs that read “Caution: Walk in Large Groups. We (heart) N.O.P.D. We Just Need More.” It’s an unsettling message about violent crime in the Big Easy for …

Indiana City Moves to Reduce Liability at Popular Sledding Spot

A central Indiana city is taking steps to reduce its liability from a popular winter activity. Muncie’s parks department has placed bales of straw around trees at the bottom of a popular sledding hill in McCulloch Park. The department also …

Oklahoma Supreme Court to Hear Oil Company/Earthquake Lawsuit

Oklahoma’s highest court has decided to hear a lawsuit that alleges two oil companies are liable for injuries a Prague woman suffered during a 2011 earthquake. The lawsuit by Sandra Ladra of Prague is among dozens of lawsuits filed in …

Deputy US Marshal Admits Guilt in Texas Insurance Fraud Scheme

A San Antonio-based deputy U.S. marshal has pleaded guilty to wire fraud relating to an insurance fraud scheme. According to a statement from the U.S. Attorney’s office, Reynaldo Gonzalez entered his plea in San Antonio. He admitted that he filed …

Nebraska School Faces $1M Lawsuit Over Boy’s Drowning

The family of a 12-year-old boy who drowned at an Omaha, Neb., school last fall is seeking $1 million from the district. The Omaha World-Herald reports that James Martin Davis submitted a claim to Omaha Public Schools on behalf of …

Reported Crimes Fell in First Half of 2014: FBI

The number of property crimes and violent crimes reported for the first six months of 2014 was down from the first six months of 2013, according to statistics from the FBI. The report, based on information from 11,009 law enforcement …

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