Hurricane Earl has strengthened into a major Category 3 storm Monday and could arrive off the East Coast of the U.S. by the end of this week. It is currently rocking the Caribbean’s Northern Leeward Islands. The National Hurricane Center …
Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of French government backed reinsurer Caisse Centrale de Réassurance (CCR), both with stable outlooks. The ratings reflect CCR’s “superior risk-adjusted capitalization, good …
Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He is based in a new Endurance reinsurance office in Miami, Florida. …
A volcano in western Indonesia on the Island of Sumatra spewed hot lava and sand high into the sky early Sunday in its first eruption in 400 years. Government volcanologist Surono, who uses only one name, said Mount Sinabung in …
Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have lost a political window to push …
Elizabeth Heck has been named president and chief operating officer of New York-based GNY Insurance Cos. She is 20-year veteran of the insurance industry. She began her career with Ernst & Young, and worked in senior corporate accounting positions for …
Jurors in Virginia have awarded a former Gloucester High School student $5 million for permanent injuries he suffered in a 2006 lunchtime fight. The jury also awarded Gregory Gagnon interest dating back to the fight, which could increases the award …
Liberty Golden Insurance Services of Newark, Calif., has joined The Iroquois Group. Iroquois is a network of property and casualty insurance agencies with more than 1,800 member agencies in 37 states.
The federal government has paid more than $6 billion in benefits and compensation to employees who became injured working in nuclear weapons industry. More than 61,000 workers have received the payments in the nine years since the benefits law, Energy …
