AIR Estimates Windstorm Xaver Insured Losses: $963 Million to $1.92 Billion December 13, 2013 Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between €700 million [$963...
RSA Slumps as CEO Simon Lee Resigns Amid Irish Investigation December 13, 2013 By Gavin Finch and Sarah Jones RSA Insurance Group Plc Chief Executive Officer Simon Lee resigned as the company bolstered reserves in Ireland. The shares fell...
Safety Regulator Completes Crackdown on Bus Companies December 13, 2013 By Jeff Plungis The U.S. Transportation Department, under scrutiny after a watchdog questioned its oversight of bus companies, pledged to do deeper investigations...
Alabama Supreme Court Upholds $7.5M Defamation Jury Award December 13, 2013 The Alabama state Supreme Court has upheld a jury’s decision to award an Iranian-born businessman $7.5 million in a 2011...
QBE Bond Risk Surges as U.S. Expansion Sours: Australia Credit Risk December 13, 2013 By Narayanan Somasundaram Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month...
West Virginia Has Ticketed 286 Distracted Drivers Since July December 13, 2013 More than 280 motorists have been cited for distracted driving violations in West Virginia since a law went into effect...
Gun Group, North Carolina Locals At Odds Over Firearms in Playgrounds December 13, 2013 By Mitch Weiss When North Carolina lawmakers approved a bill expanding where concealed weapons are legally allowed, it created a dilemma for communities...
Austin Insurance Professionals’ Donations to Capital Area Food Bank Will Feed 3,000 December 13, 2013 The Austin Association of Insurance Professionals (AAIP) collected food and money for the Capital Area Food Bank at their November...
Anadarko, Kerr-McGee Liable for Pollution Costs of Spun-Off Paint Unit Tronox December 12, 2013 By Nick Brown Anadarko Petroleum Corp. and its Kerr-McGee unit acted with “intent to hinder” when they spun off Tronox, the paint materials...
Anderson & Murison’s Lechler ‘Student of the Business’ December 12, 2013 By Don Jergler Horst Leonard Lechler, former president of Anderson & Murison in Pasadena, Calif. and past president of the American Association of...