New York is receiving more than $75 million in federal transportation funds for road safety projects around the state. The money will pay for 33 projects. They include work to widen roads, install turn lanes, sidewalks, crosswalks, bike lanes and …
In its first major rewrite of coastal protection rules since Superstorm Sandy, New Jersey is proposing changes that would make it easier for some new or expanded development along the Jersey shore and the state’s urban waterways. The state Department …
Frontline Insurance has launched a new rental home insurance product for owners of rental property in South Carolina. The coverage protects non-owner occupied properties in coastal areas and offers protection from fire damage and the owner from legal liability. Coastal …
American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized companies. AIG has committed $1.5 billion to Varagon Capital Partners, the companies said …
Early forecasts for the 2014 hurricane season indicate that moderate El Nino conditions are likely to persist throughout the year, which could inhibit tropical storm formation in the North Atlantic basin. This could also decrease the probability of a major …
Insurance and financial service giant USAA has broken ground on a 420,000 square-foot Tampa headquarters for its client services employees that officials say will bring 1,200 new jobs to the area. The new building is scheduled for completion in 2015. …
A federal judge says a lawsuit accusing Duke Energy coal ash pits of polluting a lake near Wilmington can move forward. The Southern Environmental Law Center filed a lawsuit last year on behalf of environmental groups, saying the toxic waste …
The AccuWeather Global Weather Center has issued a forecast for the 2014 West Pacific typhoon season, which anticipates “near-normal numbers.” The forecast also noted, however, that “the onset of El Niño will intensify the storms that develop in this basin. …
UK-based club-style MGA formation platform Castel Underwriting Agencies announced the appointment of Mark Posner as its chief operating officer. He will report to CEO, Mark Birrell, and lead the continued development of Castel’s scalable business processes, operational functions and management …
Swiss Re’s Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Swiss Re said the transaction is scheduled to close in the second half of 2015.” The agreement concerns …
