The Bermuda-based Argo Group International Holdings announced that it “expects to report in its 2010 fourth quarter financial results approximately $12 million of additional estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to new and updated information …
Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say. In a …
The financial crisis has to some extent lessened its impact on the economic situation in many countries, notably the “developed” ones, but it nonetheless remains an overall factor in the ability of governments and industries to deal with a host …
A preliminary report shows Florida reached a 32-year low with 2,430 traffic deaths in 2010. That’s 133 fewer than the year before, according to the report by the Florida Department of Highway Safety and Motor Vehicles. It’s the lowest since …
West Virginia deer are causing excessive damage across the state and the Division of Natural Resources’ plan to manage the herd is deficient in addressing the problem, says a legislative audit released this week. West Virginia has an estimated 1 …
The father of a New Jersey woman killed in a car crash is suing the estate of the deceased driver, an off-duty police officer who allegedly was driving drunk. Nineteen-year-old Kristen Bubendorf was a passenger in a pickup truck that …
The devastating floods in Queensland state that forced evacuation in Brisbane, Australia’s third-largest city, are expected to be a near $1 billion event for insurers, though reinsurance is seen covering more than half of it. That would mean the flood …
An attorney who was disbarred after representing clients in a multimillion-dollar diet drug settlement has been indicted on a fraudulent insurance acts charge. The Lexington Herald-Leader reported that a Fayette County grand jury charged Melbourne Mills Jr. on a charge …
A decline in both real and nominal GDP, a rising unemployment rate and decreasing tort activity as a result of a lower level of economic activity helped drive tort costs down by 2.7 percent, or $6.8 billion, in the United …
The U.S. Department of Labor’s Occupational Safety and Health Administration has issued the Bridgford Foods Processing Corp. facility in Chicago, Ill., 10 safety citations for failing to implement and provide training for workers on lockout/tagout procedures, thereby exposing them to …