December 19, 2016
Vermont transportation officials have decided to pursue a more detailed environmental study of a proposed $40 million rail tunnel project in Middlebury, which could delay construction by at least a year. The project calls for replacing two aging bridges in …
December 19, 2016
The season’s first major winter storm has dumped snow throughout southern New England and caused slippery road conditions. Snow fell for hours on Saturday morning. The National Weather Service reports snowfall ranged from just under three inches in southeastern Massachusetts …
December 19, 2016
A 48-year-old man convicted of killing his fiancee to collect on her life insurance has been sentenced to 60 years in prison. Federal prosecutors said Thursday that Ronald Epps of Amherst was sentenced in U.S. District Court in Buffalo. A …
December 19, 2016
Pennsylvania Insurance Commissioner Teresa Miller has advised consumers to plan ahead and review their homeowners and auto insurance policies as winter weather conditions like snow, sleet and ice become more frequent. “Winter is coming, and it is important that you …
December 19, 2016
The wing on Facebook Inc.’s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft and its autopilot overcompensated seconds before touchdown on its maiden flight, a U.S. investigation has concluded. The end section of …
December 19, 2016
XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …
December 19, 2016
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a …
December 19, 2016
Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of London. AXIS said it has taken 31,500 square feet …
December 19, 2016
Aspen Insurance Holdings Ltd. announced that Richard Thornton has been appointed to the newly created position of group chief operating officer. Thornton will undertake this new role in addition to his responsibilities as group head of strategy, said the company, …
December 19, 2016
If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legĀislative session to take up what the property/casualty insurance industry says is a problematic trend following severe weather-related events in the state: increased …