Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million, or $3.37 per share for the second quarter of 2013. The earnings announcement said the figure “includes net after-tax realized and unrealized losses on investments of $230.0 million, or $4.07 …
The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of Lac Megantic to pay for cleaning up the crude oil that spilled in the town and …
XL Group plc reported the following hihlights in its earnings report for the second quarter of 2013: — Operating net income for the quarter of $221.6 million is in line with operating net income of $221.9 million in the prior …
At least 38 people died when a bus plowed through a guard rail and plunged into a ravine in southern Italy, a police official said. The bus was traveling downhill near Baiano, Italy — about 40 kilometers (25 miles) from …
The U.S. Agriculture Department paid out $32 million in soil conservation payments and crop insurance aid to dead farmers from 2008 to 2012, congressional auditors said on Monday, calling for stricter rules to prevent improper payments. In a report, the …
Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, according to a ReSource Intermediaries survey. Traditional fee-for-service contracts that reward …
The Leavitt Group named Renee Bosley as vice president in the employee benefits division in its Sacramento, Calif. office. Bosley specializes in Health Care Reform compliance, cost containment, negotiations, wellness programs and human resources support. Bosley joins the Leavitt Group …
Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG), a subsidiary of Lexon and a privately-held insurance holding company specializing in the business of surety bonds. Ironshore will provide …
Maryland’s highest court says bars can’t be held responsible for accidents their patrons cause after they leave. The Court of Appeals ruled on July 25 in the case of a 2008 drunken driving crash in Montgomery County that killed a …
Allied World Bermuda has launched a new accountable care organization (ACOs) liability product for Bermuda-based clients. The product provides coverage for ACOs – newly emerging healthcare organizations characterized by a payment and care delivery model that ties provider reimbursements to …
