Mass. Gov. OKs Bill Tying Required Flood Coverage Amount to Mortgage Balance July 24, 2014 Massachusetts Gov. Deval Patrick on Wednesday signed into law legislation that prohibits creditors from requiring residential property owners to buy...
Markel Ventures Acquires Georgia Auto Transport Equipment Firm July 24, 2014 Markel Ventures Inc. has acquired a majority interest in Cottrell Inc. of Gainesville, Georgia, a firm that designs and manufactures...
Jury Says Florida Church Must Pay Burn Victim July 24, 2014 Jurors in Florida have determined that the Agape Baptist Church must pay $471,798.50 to a man who was severely burned...
Campbell Named South Carolina Workers’ Compensation Commissioner July 24, 2014 Gov. Nikki Haley has appointed Mike Campbell to serve on the South Carolina Workers’ Compensation Commission. Haley cited Campbell’s business...
Air Algerie-operated Plane with 116 People Aboard Disappears en Route to Algiers July 24, 2014 An Air Algerie-operated MD-83 carrying 116 passengers and crew disappeared en route from Burkina Faso in Africa to Algiers, the...
AIG Identified As Lead Insurer in Taiwan Plane Crash July 24, 2014 American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong...
Everest Re Posts $290.2 Million Q2 Net Income; $584.1 Million Half Year July 24, 2014 Everest Re Group reported second quarter 2014 net income of $290.2 million, or $6.26 per diluted common share, compared to...
Airline War Risk Insurance Expected to Rise Due to Global Conflicts July 24, 2014 Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of...
Allied World Reports $151.9 Million Q2 Net Income July 24, 2014 Allied World Assurance Company Holdings, AG reported net income of $151.9 million, or $1.52 per diluted share, for the second...
Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash July 24, 2014 A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which...