On Tuesday, May 29 a Mw5.8 (moment magnitude) earthquake struck the Emilia-Romagna region of northern Italy, a little more than a week after a Mw6.0 earthquake struck the region on Sunday, May 20. According to the U.S. Geological Survey, the …
Tropical Depression Beryl is located over southern Georgia bringing heavy rain to the southeast of the state and to northern Florida, according to Risk Management Solutions (RMS). Total accumulations are expected to reach 5 to 10 inches. Early Monday morning, …
Before Georgia began its current streak of 114 years without a major hurricane, the state’s coastline was a fairly frequent target in the 1800s. At least six big storms, some of them responsible for violent death tolls, pounded the Georgia …
The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse of a law firm in …
XL Group CEO Mike McGavick asked a provocative question in a keynote speech at the European Insurance Forum in Dublin last week. How relevant is the insurance industry in today’s globalized world? “The [percentage of] value insurance adds to the …
For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a new legal hurdle to overcome: the …
Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance transaction that fraudulently boosted AIG’s loss reserves. The …
A Florida appellate court has reversed a $6.25 million judgment against an insurance company because it was for an injury that occurred four days before coverage was obtained. A three-judge panel of the 1st District Court of Appeal in Tallahassee …
Louisiana Citizens Property Insurance Corp. plans an average rate increase for wind-only policies of 58 percent, sparking an argument among top state officials on whether the increase is legal. The Advocate reports that the large increase follows a May 23 …
Two law enforcement officers from the New Orleans area have pleaded guilty to engaging in a plot to make a fraudulent insurance claim. Former New Orleans Police Sgt. Kevin Guillot and former Jefferson Parish sheriff’s deputy Daniel Spears each face …
