The Illinois Department of Insurance has revoked the license of an Illinois insurance agent for allegedly luring Illinois and California retirees into a pyramid scheme in which the agent misrepresented that the funds would be used for the purchase of …
Crime on cruise ships is rare, considering 10 million North Americans sailed last year. But some crime victims believe that justice also is rare — due to overlapping investigative powers, difficulty obtaining evidence and witnesses, and a lack of sworn …
Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a report published …
China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …
$60 Million Reported price to be paid by Deutsche Bank for AIG’s building at 72 Wall St. to a consortium of owners, including a South Korean investment banking firm that purchased the building last year. The building comprises one of …
Iran said on Monday it was ready to return to talks on a nuclear fuel swap, a surprise that came shortly after the European Union agreed tougher sanctions, including a block on oil and gas investment. EU foreign ministers approved …
A jury has awarded $380,557 to a Vermont turkey hunter hit by 52 shotgun pellets fired by another hunter. The Windsor County Superior Court jury returned the award last week against Ralph Townsend of Hartland for the May 2008 incident …
The ACE Group of insurance and reinsurance companies announced the appointment of David Furby as Division President, Commercial Property & Casualty, for ACE’s Overseas General operations. He is based in New York and reports to ACE Overseas General Chairman and …
Lloyd’s of London will not insure or reinsure petroleum shipments going into Iran, the insurance market said on Friday. U.S. President Barack Obama signed into law last week far-reaching new sanctions that aim to squeeze the Islamic Republic’s fuel imports …
A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo Risks experts. Their conclusions are based on “the large …
