Texas Teen’s Death Linked to Faulty Takata Air Bag, 10th in U.S. April 7, 2016 By Jeff Plungis A 10th person has died in a crash in the U.S. involving a ruptured Takata Corp. air-bag inflator, according to...
Arthur J. Gallagher Acquires Oklahoma’s Capitol Benefits Group April 7, 2016 Illinois-based insurance brokerage, Arthur J. Gallagher & Co., has acquired Capitol Benefits Group in Oklahoma City. Terms of the transaction...
‘Great Unwind’ in Debt Financing May Stunt Companies’ Future Growth: Greenberg April 7, 2016 By Emma Orr and Sonali Basak Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after...
LIU Adds Cyber Extortion Endorsement to Product Recall Policies April 7, 2016 Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched a cyber extortion endorsement to its Product Recall and...
Small Temblor Strikes Northwestern Washington April 7, 2016 A minor earthquake hit northwest Washington state on Tuesday morning. The U.S. Geological Survey and the Pacific Northwest Seismic Network...
Washington Port to Pay $16M to Injured Worker April 7, 2016 The Port of Bellingham in Washington has been ordered to pay $16 million to an Alaska ferries employee who was...
U.S. Storms in March Will Cost Insurers $2 Billion: Aon Benfield’s Cat Report April 7, 2016 Insurers face a $2.0 billion bill following seven severe storm events across multiple states in March, according to Impact Forecasting,...
Catastrophe Reinsurance Prices Will Continue to Drop This Year: Swiss Re April 7, 2016 By Jan-Henrik Förster Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative...
New York’s Ethan Allen Insurance Fraud Case Cited in ‘Panama Papers’ April 7, 2016 An insurance scam that involved selling bogus liability policies — including one to the operator of the New York tour...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson April 7, 2016 By L.S. Howard Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead...