An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …
Though summer weather is associated with devastating catastrophe losses, the winter holiday season can be equally busy for insurance adjusters. The third-largest cause of catastrophic losses behind hurricanes and tornadoes, winter storms resulted in almost $26 billion in insured losses …
The ACE Group announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately US$55 million in cash. The insurer was founded in 1993 …
Windstorms that hit southern Alberta in November have caused at least C$200 million [US$195] in insured damage, according to the Insurance Bureau of Canada. However, the estimate is preliminary, based on data from Property Claim Services Canada (PCS-Canada), a service …
A volunteer fire department in southeastern Kentucky says it will begin collecting fees from subscribers next week. Bell County Assistant Fire Chief David Miracle said the fee is voluntary and that no one would be denied service. But he said …
A series of violent storms struck Australia’s second largest city, Melbourne on Christmas Day, causing wide spread damage to buildings and infrastructure. Insurer QBE said the country’s insurers have already received more than 15,000 claims as a result of the …
Golf cart owners in Georgia will soon have stricter requirements to follow if they plan to drive their carts on roadways. A new law taking effect Jan. 1 creates a separate classification of personal transportation vehicles for golf carts. It …
More than 1,600 people who filed lawsuits claiming that their health was ruined by dust and smoke from the collapsed World Trade Center must decide by Jan. 2, 2012, whether to keep fighting in court, or drop the litigation and …
State Controller John Chiang on Wednesday released his final review of the city of Montebello, alleging possible pension spiking, payroll errors, a loose petty cash drawer, and “systemic problems” in the Southern California city’s internal controls of its finances. “Lax …
Neff Risk and Cochrane and Co. will be officially operating as one as of Jan. 1. The combined company will operate under the name Cochrane and Company and be headquartered in Spokane, Wash. “The combination unites two market leaders in …
