Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence July 26, 2013 By Braden Reddall and Jonathan Stempel Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the...
House Crop Insurance Bill on Hold Again Over Food Stamp Cuts July 25, 2013 By Charles Abbott The Republican-controlled U.S. House will try to cut billions of dollars from the food stamp program before negotiating an overall...
Safety Board Recommends ‘Talking Vehicles’ Technology in New Models July 25, 2013 By Joan Lowy The government should set performance standards for new safety technology that allows cars and trucks to talk to each other...
New Capital Pushing Cat Reinsurance Prices Down 5-15%: Ace’s Greenberg July 25, 2013 By Megan Hickey Ace Ltd. Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring...
Cruise Lines Agree to Post Ship Crime Statistics July 25, 2013 By Christopher Palmeri Carnival Corp., Royal Caribbean Ltd. and Norwegian Cruise Line Holdings Ltd., the target of proposed legislation after high profile mishaps...
ProHost USA Launches Data Breach Endorsement for Restaurants July 25, 2013 ProHost USA, a Minneapolis-based program administrator, has added a new data breach coverage endorsement to its package programs for fine...
Prices Up Again in Q2 But Market Hardening May Be Moderating: The Council July 24, 2013 Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also...
AIR Worldwide Promotes Churney to Chief Operating Officer July 24, 2013 Catastrophe modeling firm AIR Worldwide promoted Bill Churney to the newly-created position of chief operating officer. Based in AIR’s Boston...
Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey July 24, 2013 How are agencies targeting new business today? What do agencies want most from carriers? And just how much are agencies...
Investors See Travelers’ Cuts in Auto as Sign Rate Hikes Have Peaked July 24, 2013 By Aman Shah Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication...