Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an underwriting loss of approximately $2.3 billion and a 3.5 percent decline year-over-year in net …
Samsung Electronics Co. was sued on Friday by a Florida man who said he suffered severe burns after his Galaxy Note 7 smartphone exploded in his front pants pocket. The lawsuit by Jonathan Strobel may be the first in the …
North Carolina state troopers say four people were killed and more than 40 were injured in a charter bus crash Saturday near Rockingham. Between 40 and 50 people were hurt in the crash and all were transported to hospitals, Hamlet …
Porsche Holding SE was caught up in the Volkswagen AG emissions debacle as investors raced to file German lawsuits ahead of the one-year anniversary of the scandal. A group of institutional investors filed a pair of lawsuits, seeking 2.8 billion …
Experts warn the Carolinas will face droughts and deluges in coming years. Scientists, farmers and water managers met in Charlotte last week to explore ways to deal with coming dry weather and the sudden flooding that the experts say will …
Alabama has the highest level of prescription opioid use in the country, and companies that make the painkillers and their allies have hired an average of 18 lobbyists annually in the state since 2006 to push their policies. A joint …
The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the increase is necessary to address what it calls a disturbing …
In some parts of the U.S., the thrill rides that hurl kids upside down, whirl them around or send them shooting down slides are checked out by state inspectors before customers climb on. But in other places, they are not …
The Kentucky Department of Insurance has approved the annual workers’ compensation rate filing from the National Council on Compensation Insurance Inc. (NCCI) with a rate decrease of five percent on average. It is the eleventh consecutive overall decrease in loss …
Tampa, Fla.-based Franklin Street has hired Nancy Sheinberg as vice president of Insurance Services. With 30 years of commercial insurance experience, Sheinberg is responsible for managing all hands-on operational features of the division’s client support team and fills an instrumental …
