Many states across the country are unprepared to face the risks posed extreme heat, drought, wildfires, inland flooding, coastal flooding and other extreme weather events, according to a new report card. Only a small number of states – Alaska, California, …
El Niño is the Earth’s hot, exhaling breath. At least, that’s one way of thinking about it. The blast of heat from deep within the Pacific Ocean will do more in 2015 than just disrupt weather worldwide. It will push …
The NFL on Thursday asked a U.S. appeals court to uphold a potential $1 billion plan to settle thousands of concussion lawsuits filed by former players. Critics appealing the settlement complain it protects some retirees at the expense of others. …
The fate of Barack Obama’s signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it. The two insurers are on the hot seat now that …
XL Group Plc, the Dublin-based insurer run by Chief Executive Officer Mike McGavick, acquired a stake in Privilege Underwriters Reciprocal Exchange, which takes on risks for wealthy clients and received funding from KKR & Co. this year. XL holds an …
Validus Holdings announced a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as chief executive officer of Talbot on Feb. 29, 2016. Peter Bilsby, currently managing director of Talbot, will succeed …
Brazil’s worst mining accident will lead to stricter insurance standards under a revised version of an industry bill first introduced to Congress two years ago. The cost of damage to communities, loss of life and environmental consequences from the Nov. …
ACE Ltd. announced that John Keogh, vice chairman and chief operating officer, has been appointed executive vice chairman of the company. Keogh will continue to serve as chief operating officer with responsibility for all property & casualty insurance operations of …
Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November newsletter. Beginning December 14, new applications for condominium …
A Florida man has been sentenced to 10 years in prison for prescription pill trafficking and money laundering. Forty-six-year-old Lester W. Taylor of Daytona Beach, Fla., also was ordered in federal court in Charleston to pay a $10,000 fine. Prosecutors …
