Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P November 5, 2015 By Sebastian Boyd Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after...
Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions November 5, 2015 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses...
Munich Re Q3 Profit Declines 29% on Investment Earnings November 5, 2015 By Nicholas Comfort Munich Re, the world’s biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net...
ANBTX Insurance Services Promotes Payne to EVP November 5, 2015 ANBTX Insurance Services has promoted Jeri Payne to executive vice president, agency operations and services. Payne joined ANBTX Insurance Services...
Ironshore Launches Product Liability Endorsements for Manufacturers November 5, 2015 Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors....
A.M. Best Upgrades Issuer Credit Rating of Auto Club Insurance Company of Florida November 5, 2015 A.M. Best has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” of Auto Club Insurance Company of Florida...
Study: Workers Harmed in Alabama Restaurants that Allow Smoking November 5, 2015 Workers in Florence, Ala., restaurants that allow smoking are exposed to a greater amount harmful air particles than those working...
Distillery Sues University Over Word ‘Kentucky’ November 5, 2015 Kentucky Mist Moonshine is suing the University of Kentucky over use of the word “Kentucky” on clothing. The company filed...
Ex-Instructor Gets Nearly $5M Award in Missouri Discrimination Case November 4, 2015 A St. Louis County jury has awarded nearly $5 million to a former Harris-Stowe State University instructor who argued the...
Texas Regulator OKs Wastewater Injection Permits Despite Quakes November 4, 2015 The regulatory agency overseeing the oil and gas industry in Texas has voted to maintain the wastewater injection permits for...